Equity Tips

1
EQUITY RESEARCH LAB DERIVATIVE REPORT 24th JUNE
http//equityresearchlab.com
Call On 918370098946
2
NIFTY FUTURE
Sensex closed 236.57 points up at 27,002.22,
while Nifty settled 66.75 points up at 8,270.45.
Nifty advanced over 0.80 per cent on Thursday
tracking firm trend in European markets as UK
voters began to cast ballots on Brexit
referendum. Markets opened on a cautious note on
Thursday. However, sentiment improved with a
firming trend in other Asian markets and a higher
opening in European shares as Britain began
voting in a historic referendum on its future in
the European Union. The rupee strengthening by
over 15 paise against dollar too supported the
market. Technical views Nifty future closed at
8282.25 on Thursday. Nifty today trade between
the range of 8150- 8300 and made a high of
8307.15. nifty may touch the new high between of
8300-8500 in this month of June.
3
NIFTY DAILY CHART
4
BANK NIFTY FUTURE
Bank nifty open flat in the morning trading
session. And shown one sided bullish movement
over the full market hours and closed at
17890.50.Bank nifty showing consolidation phase
on daily chart ,bank nifty may be trade in the
range of 17600-17900 . above the 18000 new level
may be seen. YES BANK (2.96) and SBI BANK
(2.18) is the top gainers in bank nifty
future. Technical views Bank nifty Open flat at
17585, to its previous closing 17597.70 on
Thursday and touched high of 17919.55. Bank nifty
technically break the 17500 level above that
level if its manage or sustain above the level of
18000 than new high 18250-18400 might be seen.
5
BANK NIFTY DAILY CHART
6
USD/INR
The Indian rupee opened marginally higher at
67.43 per dollar on Thursday versus previous
close 67.48. Global currency markets are expected
to stay flat in a tight range a day prior to
Brexit referendum. Markets are currently
expecting UK to vote for 'remain in EU'. However,
a Brexit vote can cause volatility in currency
markets particularly in EM currencies. The
USD-INR trading range for the day is seen between
67.20-67.50/dollar. The pound climbed to a 2016
high, bringing higher-yielding currencies up with
it as confidence mounted that the UK will vote to
remain a member of the european union in
Thursday's referendum. USDINR STRATEGY R1 67.37
R2 67.51 Pivot Point 67.41 S1 67.16 S2
67.09
7
EUROPEAN MARKET
European markets closed sharply higher today with
shares in London leading the region. The FTSE 100
is up 3.04 while France's CAC 40 is up 1.96 and
Germany's DAX is up 1.85.
8
ASIAN MARKET
Asian markets finished mixed as of the most
recent closing prices. The Nikkei 225 gained
1.07 and the Hang Seng rose 0.35. The Shanghai
Composite lost 0.47.
9
FII/DII ACTIVITY
10
50 OFF
Thank you
http//equityresearchlab.com
Call On 918370098946