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EQUITY RESEARCH LAB DERIVATIVE REPORT 05th JULY
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NIFTY FUTURE
Sensex closed up 133.85 points or 0.5 percent at
27278.76, and the Nifty ended up 42.35 points or
0.5 percent at 8370.70. Rupee strengthened 15
paise to 67.17 against the dollar on Monday. HSBC
on Monday upgraded Indian equity markets to the
overweight, citing improving domestic
indicators and more realistic earnings
expectations. Meanwhile, LT Infotechs upcoming
IPO price band has been fixed at Rs 705-710. The
issue will open for subscription on July 11 and
will close on July 13. Technical views Nifty
future closed above 8375 on Monday. Next logical
targets for nifty would be 8400-8450 and
breaching of 8250 would force nifty to see levels
of 8000. whereas the 8150-8230 will act as very
strong Support levels, if once it go to 8300 then
there will higher probability for nifty to touch
8400-8450 levels.
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NIFTY DAILY CHART
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BANK NIFTY FUTURE
Bank nifty open up in the morning trading
session on Monday And shown consolidated pattern
over the full trading session. 300-500 point
really will be expected above the level of 18200
in bank nifty future. ICICI BANK (3.25) and
BANK OF BARODA(2.04) is the top gainers in bank
nifty future. Technical views Bank nifty Open
Up at 18155.00, to its previous closing 18054.80
on Monday and touched high of 18193.00. Bank
nifty technically trade above the 18000 level .if
its trade above 18200 then new level 18400-18700
will be expected.
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BANK NIFTY DAILY CHART
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USD/INR
The Indian rupee gained in the early trade on
Monday. It has opened higher by 9 paise at 67.23
per dollar versus 67.32 Friday. Rupee to trade
with positive bias and will continue to take cues
from the domestic equity market where we will see
optimism prevailing. Dollar fell against the euro
on Friday due to reduced expectations of a US
interest-rate hike this year. USDINR STRATEGY R1
67.59 R2 67.68 Pivot Point 67.49 S1 67.40
S2 67.30
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EUROPEAN MARKET
European markets finished broadly lower on
tuesday with shares in London leading the region.
The FTSE 100 is down 0.85 while Germany's DAX is
up 0.69 and France's CAC 40 is up 0.92.
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ASIAN MARKET
Asian markets finished broadly higher on Friday
with share in Hong Kong leading the region. The
Hang Seng is up 1.75 while Japan's Nikkei 225 is
up 0.68 and China's Shanghai Composite is up
0.10.
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FII/DII ACTIVITY
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