EQUITY RESEARCH LAB: DERIVATIVE REPORT 11th JAN

STOCK FUTURE TIPS

NIFTY FUTURE :Sensex closed 82.50 points or 0.33 per cent up at 24,934.33, while NSE Nifty settled 33.05 points or 0.44 per cent up at 7,601.35. Nifty snapped their four-day losing streak and closed on a positive note on Friday on account of value-buying in blue- chip stocks and recovery in the rupee amid firm Asian cues. On the global front, the Asian markets were higher after China suspended its market circuit breaker system and set a firmer midpoint rate for the yuan. The stock markets will eye the earnings season starting next week when Tata Consultancy Services and Infosys report their quarterly results.

NIFTY DAILY CHART

Technical views:

Nifty future closed at 7607.75 on Friday .Nifty spot have major support of 7550-7500 on gaily time frame. it may be show the reverse trend at this level to level of 7650-6700.

Pivot point :

Nifty Future  R1: 7635  R2: 7665  R3:7686
Pivot: 7614   S1: 7584  S2: 7563  S3: 7553

BANK NIFTY FUTURE:

Bank Nifty closed at 16163.00 on Friday with the rose of 63.85 point (0.67%) . Bank nifty open gap up at 16296 higher after China suspended its market circuit breaker system and set a firmer midpoint rate for the yuan. YES BANK (2.67%) and AXIS BANK (1.88%) is the top gainers in bank nifty future.

BANK NIFTY WEEKLY CHART

Technical views:

Bank nifty closed at 16163.00on Friday . Bank nifty given trend line breakout on weekly time frame next level for bank nifty may be 15900-15780.bank nifty continuing its lower highs and lower –lower formation on daily time frame.

Pivot level:

Bank Nifty Future  R1: 16235  R2: 16318  R3:16373
Pivot:16180           S1: 16097  S2: 16042  S3: 15959

USD/ INR: The Indian rupee gained in the early trade on Friday. It has opened higher by 18 paise at 66.75 per dollar versus 66.93 Thursday. "USD has strengthened against global peers based on Yuan concerns. Rupee managed to defend 67/dollar level and is expected to remain positive during the day. Range for the day is seen between 66.60-67/dollar." Yen continued to rally, rising to strongest levels against the dollar in over four months. The euro too rises against the dollar . The dollar index fell nearly 1 percent, its biggest one-day loss in nearly a month.

USDINR STRATEGY    S1 66.55   S2 66.47
Pivot Point 66.66         R1 66.74   R2 66.85

EUROPEAN MARKET:

European markets are lower today with shares in France off the most. The CAC 40 is down 1.61% while Germany's DAX is off 1.33% and London's FTSE 100 is lower by 0.70%.

Name          Change     % Chg

FTSE 100   5912.44    41.64
CAC 40      4333.76    69.82
DAX            9849.34    130.51

ASIAN MARKET:

Asian markets finished mixed as of the most recent closing prices. The Shanghai Composite gained 1.97% and the Hang Seng rose 0.59%. The Nikkei 225 lost 0.39%.

Name                     Change     % Chg

Nikkei 225              -69.38     -0.39
Straits Times           21.32       0.77
Hang Seng              120.37      0.59
Taiwan Weighted     41.91        0.53

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