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Equity Tips
NIFTY FUTURE
Sensex closed 86.29 per cent up at 24804.26, while Nifty 50 index settled
28.55 points up at 7538.75. Nifty ended the session in green on Monday on
account of buying by investors in the front line blue chips counters.
Sentiments also remained upbeat due to firm trend at other Asian markets,
tracking weekend gains at the US markets.
Technical views:
Nifty future closed at 7546.85 on Monday. Nifty may be Trade in between
the7000-7600 range in march series. March series started with maximum
open interest at 7500 call and 7000 put. Below the level of l one short Fall
may be seen in nifty future, Nifty future may be taste new level of 6800-6700.
Technical views:
Bank nifty shown technically recovery trend in daily time frame bullish
trend in bank nifty will be seen above the level of 15700-15800.
USD/INR
The Indian rupee has opened higher by 5 paise at 66.99 per dollar on Monday
against 67.04 on Friday. We have a positive stance on the rupee. Looking at
the FII flows, gold and crude prices, we believe that 66.80/ dollar will be
challenged. We will see further strength in the rupee above 66.80/dollar. He
expects the rupee to trade in a range of 66.80-67.50/dollar today. The US
dollar at one-month lows against a basket of major currencies with the
Federal Reserve seen almost certain to stand pat at this week's policy review.
USDINR STRATEGY R1 67.40 R2 67.50
Pivot Point 68.58
S1 67.13 S2 66.96
EUROPEAN MARKET
European markets finished slightly higher on Monday with shares in London
leading the region. The FTSE 100 is up 0.56 % while France's CAC 40 is up
0.31% and Germany's DAX is up 1.59%.
ASIAN MARKET
Asian markets closed sharply higher today with shares in China leading the
region. The Shanghai Composite is up 1.75% while Japan's Nikkei 225 is up
1.74% and Hong Kong's Hang Seng is up 1.17%.