EQUITY RESEARCH LAB:

DERIVATIVE REPORT 23RD FEB

PUBLISHED BY:EQUITY RESEARCH

LAB
http://www.equityresearchlab.com

NIFTY FUTURE
Sensex closed 378.61 points down at 23,410.18, while Nifty settled 125 points down at

7,109.55. Nifty snapped four-day winning streak on Tuesday on account of profitbooking amid a lacklustre trade in Asian markets. Sentiments also remained low
since morning as investors remained jittery ahead of the Union Budget 2016-17,
which is due on February 29.

Technical views:
Nifty future closed at 7240.70 on Tuesday. Nifty shown Reversal trend to the level of

7250 , At that level one short Fall may be seen in nifty future, Nifty future may be
taste new level of 6800-6700

NIFTY DAILY CHART

BANK NIFTY FUTURE

Bank Nifty slid 386 point (2.68%) and closed at 14010.50 on Tuesday . bank

nifty shown downtrend in the full trading session. some recovery from the
lower level seen in bank nifty. BANK OF BARODA (-4.52%) and SBIN (3.91%) and is the top losers in bank nifty future.

Technical views:
Bank nifty shown technically recovery trend in daily time frame.But bullish

trend in bank nifty will be seen above the level of 15700-15800. bank nifty may
be shown new level of 13500-13700.

BANK NIFTY DAILY

CHART

USD/INR
:

The Indian rupee opened marginally lower by 5 paise at 68.65 per dollar versus

68.60 Monday. "Strong rallyin commodities resulted in strong rally in equities

and commodity currencies, while some Stabilization in Europe and China also
lent some support."The USD-INR pair has been under pressure owing to
continuous FII outflows but well supported at lower levels by the central
bank." "We expect the USD-INR pair to trade in the 68.30-68.80/dollar range
in the short term.
USDINR STRATEGY
Pivot Point 68.57

R1 68.70 R2 68.80
S1 68.47 S2 68.34

EUROPEAN MARKET:
European markets finished lower on Tuesday with sharesin Germany leading

the region. The DAX is down 1.67% while France's CAC 40 is off 1.42% and
London's FTSE 100is lower by 1.26%.

ASIAN MARKET:
Asian markets finished lower today with shares in China leading the region.

The Shanghai Composite is down 0.81%while Japan's Nikkei 225 is off 0.37%
and Hong Kong's Hang Seng is lower by 0.25%.

THANK YOU