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NIFTYFUTURE • Sensex closed 286.92 points up at 26,653, while Nifty index settled 87 points up at 8,156. Nifty gained for the fourth consecutive day on Friday on account of good set of quarterly numbers. The sentiments were on firm note from early trade after global rating agency, Fitch Ratings in its latest ‘Global Economic outlook’ stated that it expects India’s real GDP growth to rise to 8 per cent by 2018-19, from 7.9 per cent in 2017-18 and 7.7 per cent in 2016-17, on broadening reform agendas and government resolve to implement them, as gradual implementation of structural reforms will contribute to higher growth. • Technical views: • Nifty future closed at 8172.45 on Friday. Nifty today trade above the range of 8000 and made a high of 8181.70 .nifty may be taste the new level of 8100-8400 in the month of June.
BANKNIFTYFUTURE • Bank nifty open up in the morning trading session. And shown bullish movement and shown continuously bullish trend over the full market hour’s and closed at 17491.40. Bank nifty showing bullish pattern on daily chart ,bank nifty may be trade in the range of 17400-17800 in next contract. SBI BANK (6.38%) and BANK OF BARODA (2.78%) is the top gainers in bank nifty future. • Technical views: • Bank nifty Open up at 17310.00, to its previous closing 17293.85 on Friday and touched high of 17491.40. Bank nifty technically break the 17000 level above that level if its manage or sustain above the level of 17000 than new high might be seen.
USD/INR • The Indian rupee extended gains. The currency has opened at 67.02 a dollar, up 15 paise compared to previous day's closing value of 67.17 a dollar. The equity markets are consolidating recent gains, oil is edging higher and dollar is slightly weaker, adding markets await the US Q1 GDP data. The USD-INR pair after briefly trading above 67.50 per dollar has moved back into the 66.50-67.50 range tracking global dollar weakness and positive equities. • USDINR STRATEGY R1 67.22 R2 67.27 • Pivot Point 66.49 S1 67.03 S2 66.89
EUROPEANMARKET • European markets finished higher on Friday with shares in Germany leading the region. The DAX is up 0.13% while London's FTSE 100 is up 0.08% and France's CAC 40 is up 0.05%.
ASIAN MARKET • Asian markets finished mixed as of the most recent closing prices. The Hang Seng gained 0.88% and the Nikkei 225 rose 0.37%. The Shanghai Composite lost 0.05%.
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