EQUITY RESEARCH LAB:

DERIVATIVE REPORT 28th

MARCH

NIFTY FUTURE
Sensex closed 7.07 points up at 25,337.56, while Nifty 50 settled 1.60 points
up at 7,716.50. NSE Nifty pared their days losses in the last half hour of
trade and settled flat note on Wednesday as investors remained cautious
ahead of the extended weekend. BSE midcap and smallcap indices closed
with marginal gain of 0.2% each. The Indian Rupee was trading down by 3
paise at 66.74 per US dollar .Stock markets will remain closed on Thursday
and Friday on account of Holi and Good Friday.

Technical views:
Nifty future closed at 7736.30 on Wednesday. Nifty closed above the 7700.
nifty may continue bullish trend further, next resistance for nifty may be
7950.

NIFTY DAILY CHART

BANK NIFTY FUTURE

Bank Nifty snapped -44.00 point (-0.28%) and closed at 15936.20 on
Wednesday . bank nifty shown consolidation in the full trading session
,and made a high of 15963 and closed in Red. BANK OF BARODA(1.71%) and PNBBANK (-1.45%) is the top losers in bank nifty future.

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 and also
touch the new level above 16000.

BANK NIFTY DAILY CHART

USD/INR
The Indian rupee has opened lower by 5 paise at 66.75 per dollar on
Wednesday against previous close of 66.71 a dollar. With the end of the
financial year approaching and a long holiday weekend in India, activity in
currency markets is expected to be muted.

USDINR STRATEGY R1 66.88 R2 67.05

Pivot Point 66.74

S1 66.57 S2 66.43

EUROPEAN MARKET
European markets finished lower as of the most recent closing prices.
The DAX slipped 1.74% and the CAC 40 down 2.18% whereas The
FTSE 100 lost 1.52%.

ASIAN MARKET
Asian markets finished mixed as of the most recent closing prices. The
Shanghai Composite gained 0.35%, while the Nikkei 225 led the Hang Seng
lower. They fell 0.28% and 0.25% respectively.