NIFTY SUPPORT ON 09/10/2017

Morning report equity

The bulls managed to regain control of D-Street as Nifty closed above its crucial psychological level of 9950 levels and above its key short-term moving average on Friday. The Nifty50 futures on the Singapore Stock Exchange were trading 45 points lower at 9975 indicating a flat opening for the domestic market.
                                                              

	Pivot	R1	R2	S1	S2
Nifty	9959	10011	10041	9928	9876
Bank Nifty	24169	24263	24337	24096	24001
Sensex	31764	31895	31975	31683	31552

                     
                                                                                                                     

                               



                                             
                                  DERIVATIVE STATISTICS
                       

	Turnover(cr)	NSE &BSE(Total value)(Rs. Crore)
INDEX FUTURES	13,329.41	FII	--1040.4
INDEX OPTIONS	2,75,305.68	DII	1239.74
STOCK FUTURES	42,728.93
STOCK OPTIONS	28,172.75	Put Call Ratio 0.95

Market Volume (in Rs Crore)
NSE CASH	25,106.21
NSE F&O	861,517.14

Major news

 Fresh selling in the last hour of trade dragged frontline indices lower and led to the market ending on a subdued note. Nifty snapped the four-day gaining streak to close below 9900-mark.

 GST Council cuts rates on 27 items, reduces compliance woes for SMEs and exporters.

 The Goods and Services tax (GST) council on Friday cut rates on 27 items and 12 services, and approved sweeping changes in rules.

 India Gycol to explore and evaluate disposal/sale of co's subsidiary in Shakumbari Sugar and Allied Ind.

 Maruti Udyog has received export-orders for supply of LPG Cylinders for Rs 48.40 crore during the months of May-2017 to September 2017.