EQUITY RESEARCH LAB: DERIVATIVE

REPORT 27TH APRIL

NIFTY FUTURE

Sensex closed 328 points up at 26,007, while Nifty gained 107.60 points at
7,962.65. After a sluggish start, markets surprisingly rallied sharply to end
about 1.4 per cent higher for the day. European markets traded higher when
they opened, which provided support to Indian markets. The US Fed meets
today and a decision on interest rates is expected tomorrow. There are
expectations that the US Fed would put rate hikes on hold and continue with its
dovish outlook. Apart from this, good results from large companies such as
Maruti and Reliance also kept sentiments positive.

Technical views:
Nifty future closed at 7979.15 on Tuesday. Nifty trade above Its Psychological
level of 7900 ,nifty may continue bullish trend further, 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
16575.05 after making the low its shown recovery from its day low and cross
the level of 17000 after January 2016.and also closed at 17028 on Tuesday.
INDUSIND BANK(+3.98%) and YES BANK (+3.65%) is the top gainers in
bank nifty future.

Technical views:
Bank nifty Open flat at 16650 , to its previous closing 16689.45 on Tuesday
and touched the new high of 17000. Next level for bank nifty technically
could be 17400-17800. if its manage or sustain above the level of 17000 .

BANK NIFTY DAILY

CHART

USD/IN
R
The Indian rupee has opened marginally lower at 66.72 a dollar on
Tuesday compared to 66.61 a dollar in previous session. The crucial 2day FOMC meeting starts today with market expectations of no rate
action. However, the statements following the policy will be keenly
analyzed. The USD-INR pair continues to trade in the Rs 66-67/USD
range.

USDINR STRATEGY
Pivot Point 66.47

R1 66.80
S1 66.37

R2 66.00
S2 66.28

EUROPEAN
MARKET

European markets finished slightly lower on Wednesday with shares in

London leading the region. The FTSE 100 is up 0.38% while Germany's
DAX is off 0.34% and France's CAC 40 is lower by 0.29%.

ASIAN
MARKET

Asian markets finished mixed as of the most recent closing prices. The
Shanghai Composite gained 0.61% and the Hang Seng rose 0.48%. The
Nikkei 225 lost 0.49%.

THANK
YOU