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EQUITY RESEARCH LAB: DERIVATIVE


REPORT 25TH APRIL

NIFTY FUTURE

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Sensex closed 42.24 points down at 25,838.14, while Nifty settled 12.75 points down at
7,899.30. Nifty ended the choppy trade on a flat note on Friday with marginal losses on
account of weak cues from global markets. Depreciation in Indian rupee too dampened
sentiments. The rupee depreciated by 14 paise to trade at 66.53 against the US dollar at
IUM due to fresh buying of the American currency by
the time of equity markets IM
closing
R
Y P S days major market moving events, HDFC Bank reported
banks and importers.IAmong
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a 20 % yoy rise in its net profits for the quarte ended March 2016. Net Interest Income
too increased by 24 % during the same time period. Asian equity markets ended mostly
lower on Friday after US shares halted a three-day winning streak overnight on the
back of disappointing earnings updates from some US companies.

Technical views:
Nifty future closed at 7913.35 on Thursday. Nifty break it Psychological level of 7900 if
nifty trade above and sustain on that level, nifty may continue bullish trend further,
next resistance for nifty may be 7950.

NIFTY DAILY
CHART

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BANK NIFTY
FUTURE
Bank nifty open flat in the morning and made high of 16758.00 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. SBI BANK (2.98%) and
BANK OF BARODA (2.66%) is the top gainers in bank nifty future.

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Technical
views:
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Bank nifty Open down at 16513.00 , to its previous closing 16576.00 on


Thursday & 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

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USD/IN
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S1 66.37

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R1 66.50

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Pivot Point 66.74

USDINR STRATEGY

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The Indian rupee opened lower by 11 paise at 66.50 per dollar on Friday
against previous close of 66.39. Weak dollar index will help rupee to
appreciate. 66.20/dollar will continue to act as strong resistance. Trading
UM
range for the day will be
The euro held steady against the
I66-66.50/dollar.
M
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Y yesterday
dollar after slipping
as traders looked past a European Central
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Bank meetingEQand Tweighed the potential for a more hawkish Federal
Reserve next week.

R2 66.61
S2 66.35

EUROPEAN
MARKET
European markets finished broadly lower on Friday with shares in London
leading the region. The FTSE 100 is down 1.11% while Germany's DAX is
off 0.60% and France's CAC 40 is lower by 0.29%.
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ASIAN
MARKET
Asian markets finished mixed as of the most recent closing prices. The Nikkei
225 gained 1.20% and the Shanghai Composite rose 0.22%. The Hang Seng
lost 0.72%.

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THANK YOU

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