EQUITY RESEARCH LAB: DERIVATIVE

REPORT 26TH APRIL

NIFTY FUTURE

Sensex closed 0.62 per cent down at 25,678.93, while Nifty 50 index settled 0.56
per cent down at 7,855.05 Nifty plunged 159.21 points and 44.25 points on
Monday on account of selling pressure in energy, metal, oil and gas sectors
amid lower Asian cues. Investors remained cautious ahead of the central bank
meetings in the US and Japan this week for future policy moves. Depreciation
in Indian rupee too dampened sentiments.

Technical views:
Nifty future closed at 7865 on Monday. Nifty trade below its Psychological
level of 7900 ,nifty may continue bullish trend further, Next resistance for nifty
may be 7950. Above that level new level of nifty may 8050-8150.

NIFTY DAILY
CHART

BANK NIFTY
FUTURE

Bank nifty open flat in the morning and shown downtrend and made a low of
1651.30 and closed at 16689.45.overall on daily time frame bank nifty shown
consolidation and followed the range of 16450-16750. Above 16800 we can see
the new level of 17000 in bank nifty soon. BANK OF BARODA(-2.53%) and
SBI(-1.55%) is the top losers in bank nifty future.

Technical views:
Bank nifty Open flat at 16767.00 , to its previous closing 16727.85.00 on
Friday & trade between the level of 16400- 16800 above that level bank nifty
technically may touch the new level of 17000-17300 soon.

BANK NIFTY DAILY

CHART

USD/IN
R
The Indian rupee slipped in the early trade on Monday. It has opened
lower by 16 paise at 66.65 per dollar versus 66.49 Friday. Rupee is still
trading in narrow range. A close below 66.50/dollar on Friday will
support the rupee to appreciate towards 66.20/dollar levels.

USDINR STRATEGY
Pivot Point 66.47

R1 66.62
S1 66.37

R2 66.76
S2 66.46

EUROPEAN
MARKET
European markets finished broadly lower on Monday with shares in London
leading the region. The FTSE 100 is down 0.79% while Germany's DAX is
off 0.77% and France's CAC 40 is lower by 0.52%.

ASIAN
MARKET

Asian markets finished lower today with shares in Japan leading the region.
The Nikkei 225 is down 0.76% while Hong Kong's Hang Seng is off 0.76%
and China's Shanghai Composite is lower by 0.42%.

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