WEEKLY NIFTY DERIVATIVE MARKET ANALYSIS AND REPORT

CNX NIFTY

In the weekly chart of Nifty Futures, we saw much buying in Nifty index and Nifty Futures, In the weekly chart of Nifty we can see continuous up trend from past weeks, In the weekly chart Nifty Futures took a support of 21 day’s moving average of 6370.00 and from there we saw bullishness in Nifty Index, in the opening of the week we saw selling in Nifty and Nifty futures traded with the weekly low of 6696.85.00 but near the end of the week Nifty recovered and made a Life time high of 6861.25 in which we saw top weekly gained in SUNPHARMA with +9.85%, +56.35 Rs Changes, and NMDC with 7.59%, +10.65 Rs change and we saw top weekly Loosed in JINDAL STEEL with -6.49%, -19.45 Rs change, and TECHM with -4.06%, -73.55 Rs change. In the Last weekly chart Nifty made a positive Spinning top and on this behalf we can go for buying in Nifty for the weekly target of 7000.00.

INDEX	S2	S1	PP	R1	R2
CNX NIFTY	6623	6713	6787	6878	6952

CNX BANK NIFTY

In the weekly chart of Bank Nifty Futures, we saw much volatility with uptrend in bank Nifty Futures and Bank nifty Index Last week we saw more buying in Bank Nifty index and Bank Nifty futures and closed at positive. In the opening of the week we saw selling and Bank Nifty made a weekly low of 12524.85 but at the end of the week Bank Nifty recovered with buying pressure and traded with the weekly high of 13142.40 and closed with +247.65 points up from the previous week closing in which we saw weekly Gained in KOTAK BANK with +6.69%, +50.55 Rs change and STATE BANK with +4.80%,+91.35 Rs change and weekly Loosed in INDUSIND BANK with -2.14%, -10.70 Rs change. At the end of the week Bank Nifty Futures closed positive at 12907.45 with +2.00%, +247.65 points up from the previous week closing at 12659.80.On this behalf we can see more buying in Bank Nifty futures with the weekly target of 13500.00.

INDEX	S2	S1	PP	R1	R2
BANK NIFTY	12241	12574	12858	13192	13476

CNX IT
From the past weekly chart of CNX IT index we had seen down trend with hyper selling pressure, Middle of the week we saw much selling pressure in IT index but at the end of the week on Friday market we saw bullish trend in CNXIT index and CNXIT futures but it could not sustain at its previous level and closed in Negative at 9358.15 with -0.90% change from the previous week closing at 9446.65 in which we saw hyper selling in TECHM with -4.06%, -73.55 Rs change and INFOSYS with -2.44%, -80.90 Rs change and last week we saw normal buying in WIPRO with +2.66%, +14.70 Rs change, and TCS +1.18%, +25.25 Rs change. At the end of the week CNXIT Futures closed down at 9358.15 with the weekly high of 9459.00 and with the weekly low of 9132.00 and closed at with -0.90%, -88.50 points down from previous week closing at 9446.65.

INDEX	S2	S1	PP	R1	R2
CNX IT	8989	9174	9316	9501	9643

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