EQUITY RESEARCH LAB:

DERIVATIVE REPORT 5TH APRIL

NIFTY
FUTURE
Sensex closed 130.01 points up at 25,399.65, while Nifty settled 45.75 points
up at 7,758.80. Nifty ended in green on Monday ahead of the Reserve Bank
of India (RBI) monetary policy review scheduled on April 5 amid firm global
cues.

Technical views:
Nifty future closed at 7790.75 on Monday. Nifty closed Near to the 7800. nifty
may continue bullish trend further, next resistance for nifty may be 7950.

NIFTY DAILY CHART

BANK NIFTY FUTURE

Bank Nifty trade downward in the half trading session then took recovery
from lower level and closed at 16257.90 on Monday . bank nifty shown
consolidation in on the Daily chart and also maintained the level of 16000
yet. YESBANK (1.44%) and KOTAK MAHINDRA BANK (1.09%) is the
top Gainers in bank nifty future.

Technical views:
Bank nifty touch the new level of 16000 and consolidated at that level
,some more range bound movement may be seen in bank nifty above the
level of 16000 bank nifty may be show the level of 16400-16800.

BANK NIFTY DAILY CHART

USD/INR
The Indian rupee fell in early trade. The currency opened at 66.30 a dollar,
down 5 paise compared to Thursday's closing of 66.25 per dollar. Last Friday,
the first April of every year, the currency markets remain shut. However, given
uncertainty in global markets, unhedged India exposures and a high REER,
and the likelihood that RBI will mop up US dollar at various levels, caution is
warranted, he adds. Hopefully, the RBI policy tomorrow, both the rate cut and
liquidity framework, will reduce cost of hedging.

USDINR STRATEGY R1 66.39 R2 66.52

Pivot Point 66.74

S1 66.11 S2 65.96

EUROPEAN MARKET
European
European markets
markets finished
finished slightly
slightly lower
lower on
on Monday
Monday with
with shares
shares in
in
Germany
Germany leading
leading the
the region.
region. The
The DAX
DAX is
is down
down 0.28
0.28 %
% while
while France's
France's
CAC
CAC 40
40 is
is off
off 0.53
0.53 and
and London's
London's FTSE
FTSE 100
100 is
is lower
lower by
by 0.30%.
0.30%.

ASIAN MARKET
Asian markets finished mixed as of the most recent closing prices.
The Shanghai Composite gained 0.19%, while the Hang Seng led
the Nikkei 225 lower. They fell 1.34% and 0.25% respectively..
.