EQUITY RESEARCH LAB:

DERIVATIVE REPORT 6TH APRIL

NIFTY
FUTURE
Sensex closed 516.06 points, or 2.03 per cent, down at 24,883.59, while Nifty
index settled 167.15 points, or 2.15 per cent, lower at 7,591.65.Nifty tanked
over 2 per cent on Tuesday, despite the Reserve Bank of India (RBI) slashing
the repo rate by 25 basis points, which was in line with market expectations.
Bleak global cues and profit booking in rate sensitive stocks dampened
market sentiments.

Technical views:
Nifty future closed at 7623.50 on Tuesday. Nifty closed Near to the 7600. 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 full trading session and closed at
15732.60 on Tuesday . bank nifty shown consolidation in on the Daily chart
and also break the level of 16000 . ICICI BANK (-5.51%) and SBIN BANK
(-5.32%) is the top losers 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 retreated in early trade Tuesday. The currency has
opened marginally lower at 66.25 a dollar compared to 66.20 a dollar
in previous session. The RBI is widely expected to cut rates by 0.25
percent in the monetary policy later today, adding communication
from policy makers will be keenly watched by the market participants.

USDINR STRATEGY R1 66.45 R2 66.70

Pivot Point 66.74

S1 66.01 S2 65.82

EUROPEAN MARKET
European
European markets
markets finished
finished broadly
broadly lower
lower yesterday
yesterday with
with shares
shares in
in
Germany
Germany leading
leading the
the region.
region. The
The DAX
DAX is
is down
down 2.71%
2.71% while
while France's
France's
CAC
CAC 40
40 is
is off
off 2.23%
2.23% and
and London's
London's FTSE
FTSE 100
100 is
is lower
lower by
by 1.21%.
1.21%.

ASIAN MARKET
Asian markets finished mixed as of the most recent closing prices.
The Shanghai Composite gained 1.45%, while the Nikkei 225 led
the Hang Seng lower. They fell 2.42% and 1.57% respectively.