Derivative Report Outlook|24 carat financial services | 04 Oct 2017

commodity tips:-

  DERIVATIVE REPORT:-

Index View-:

  NIFTY:-

Nifty tips

•  In Tuesday’s trading session Benchmark Indices Ni y opened on a gap up note and traded with posi ve movement throughout the day. Ni y Index ended with posi ve sen ments a er witnessing mild vola lity closing in posi ve territory rd for the 3 straight session a er 7 day losing streak. Ni y ended at 9,859 levels up 0.72% or 70 points.

• Ni y index is trading below its 21 days & 50 days moving averages on daily chart.

• In next trading session some side ways movement can be seen in the index and it can trade in the range of 9930-9780. Now Ni y index is facing strong resistance at 9930 while down side support is placed at 9775.

BANKNIFTY:-   

Banknifty tips

•  In Tuesday’s trading session Bank Ni y opened on a gap up note and traded with posi ve sen ment in first half of the market and made a high of 24226.In second half of the market Bank Ni y Index shown a strong nega ve moves as some of the major PSUs were making new month low which leads Ni y Bank Index to closed at 24,116 level gaining 0.26% or 63 points.

• Bank Ni y index trading above its psychological support levels of 24000.Bank Ni y index is trading below its 21 days & 50 days moving averages on daily chart.

• In next trading session down side movement can be seen in the Bank Ni y index and it can test down side levels of 23900-23800 while up side 24300 will act as a good resistance level

Market News:-

      TVS Motor posts 23% sales growth in September

• TVS MotorCompany registered a sales growth of 23%, increasing to 3,59,850 units in the month of September 2017 from 2,93,257 units in September 2016.

 

• Two-wheeler registered a total growth of 22.1% with sales increasing from287,449 units in September 2016 to 3,50,854 units in September 2017. Domestic two-wheeler sales grew by 20.9%, increasing to 3,07,160 units in September2017 from 2,53,974 units in September 2016.

• The company's total exports grew by 33.6% to 50,971 units in September 2017 from 38,164 units in the month of September 2016. Two-wheeler exports grew by 30.5%, increasing to 43,694 units in September 2017 from 33,475 units in September 2016.

•  Three-wheeler sales of the company grew by 54.9% increasing to 8,996 units in September 2017from 5,808 units in September 2016.

• During the second quarter of the financial year 2017-18, two-wheeler sales of the company grew by 16.1%, increasing to 9.23 lakh units in the second quarter of the current year from 7.95 lakh units in the second quarter of the previous year. The three-wheeler sales of the company grew by 23.8%, increasing to 0.25 lakh units inthe second quarter of the current year from 0.20 lakh units in the second quarter of the previous year.

•  The stock was trading up by 0.68% at Rs 663 per share on BSE at 1208 hours. The stock has traded new 52-week high at Rs 671.85 per share on Tuesday.

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