EQUITY RESEARCH LAB: DERIVATIVE

REPORT 28TH APRIL

NIFTY FUTURE

Sensex closed 56.82 points up at 26,064.12, while Nifty settled 17.25 points up at
7,979.90. Nifty swung between gains and losses on Wednesday as investors stayed
cautious ahead of US FOMC meet outcome due today and F&O expiry on Thursday.
Asian equity markets ended mostly lower on Wednesday as the yen strengthened and
weak earnings results from iPhone maker Apple put pressure on technology stocks. A
sharp overnight rally in oil prices and positive industrial profits data out of China failed
to lift investor sentiment ahead of key central bank decisions from the US Federal
Reserve and the Bank of Japan. The Federal Reserves two-day policy meeting ends
later today, with investors mainly looking for guidance on the outlook for interest rates

Technical views:
Nifty future closed at 7979.90 on Wednesday. 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 at 66.52 per dollar, up 0.04
percent or 0.02 on Wednesday. outcome of key central
bank meetings, both BoJ and Fed, is expected to keep the
balance of risk in favour of EM currencies. dollar
continuing to note headwinds, rupee may benefit in the
near term on account of 'risk-on' sentiment. in the near
term. The dollar holds near a 3-week high against the yen
on expectations of further Bank of Japan easing this week.

USDINR STRATEGY
Pivot Point 66.47

R1 66.60
S1 66.41

R2 66.69
S2 66.31

European markets finished broadly lower yesterday with

shares in London leading the region. The FTSE 100 is
down 0.56% while Germany's DAX is off 0.39% and
France's CAC 40 is lower by 0.56%.

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%.

TH
AN
YO K
U