Equity Tips (1)

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EQUITY RESEARCH LAB DERIVATIVE REPORT 28th JUNE
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NIFTY FUTURE
Sensex closed 5.25 points up at 26,402, while
Nifty settled 3.70 points higher at 8,092.30.
Nifty swung between gains and losses on Monday
and ended the trade on a flat note. Bank of
Baroda, UltraTech Cements, Aurobindo Pharma, Dr
Reddys Labs and Cipla gained between 2.90 per
cent and 3.20 per cent. On the other hand, TCS,
Infosys, ZEEL, IndusInd Bank and Asian Paints
slid between 1.43 per cent and 3.01 per
cent. Technical views Nifty future closed at
8104.60 on Monday. Next logical targets for nifty
would be 8050-8000 and breaching of 8000 would
force nifty to see levels of 7900. whereas the
8150-8200 will act as very strong resistance
levels, if once it go to 8200 then there will
higher probability for nifty to touch
8225-8250levels.
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NIFTY DAILY CHART
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BANK NIFTY FUTURE
Bank nifty open flat in the morning trading
session on Monday And shown consolidated pattern
in the full trading hours levels .Bank nifty
showing consolidation phase on daily chart ,bank
nifty may be trade in the range of 17000-17300 .
above the 17500 new level may be seen. BANK OF
BARODA(3.19) and SBI BANK (2.79) is the top
gainers in bank nifty future. Technical
views Bank nifty Open Flat at 17349.95, to its
previous closing 17393.00 on Monday and touched
high of 17583.90. Bank nifty technically trade
near the 17200 level ,bank nifty level toward
downside would be 16700-17000,if its trade above
17500 then new level will be expected.
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BANK NIFTY DAILY CHART
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USD/INR
The Indian rupee opened lower by 12 paise at
68.08 per dollar on Monday versus 67.96 Friday.
We expect the rupee to trade with negative bias.
Brexit will put more pressure on the rupee. The
trading range for the USD-INR pair is seen
between 67.80-68.20/dollar. Pound extended its
selloff near a 31-year low as the fall out from
the UK's vote to exit the European Union stoked
anxiety among investors around the world. USDINR
STRATEGY R1 68.09 R2 68.22 Pivot Point 67.94
S1 67.81 S2 67.66
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EUROPEAN MARKET
European markets finished sharply lower on Monday
with shares in Germany leading the region. The
DAX is down 3.11 while France's CAC 40 is off
3.06 and London's FTSE 100 is lower by 2.65.
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ASIAN MARKET
Asian markets finished mixed as of the most
recent closing prices. The Nikkei 225 gained
2.39 and the Shanghai Composite rose 1.45. The
Hang Seng lost 0.21.
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FII/DII ACTIVITY
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