EQUITY RESEARCH LAB: DERIVATIVE REPORT 19th JAN

STOCK FUTURE TIPS

NIFTY FUTURE :

Sensex closed 266.67 points down at 24,188.37, while NSE Nifty settled 86.80 points down at 7,351. NSE Nifty fell on Monday on account of selling in front line blue chip counters couple with concerns about the global economy which are mounting after crude fell to its lowest since 2003. Meanwhile, data showed the country’s exports shrunk for a thirteenth straight month.

NIFTY DAILY CHART

Technical views:

Nifty future closed at 7368.00 on Monday .Nifty spot break its major support of 7500 nifty spot have second support of 7200. Nifty may be take the support at this level as we hope otherwise nifty spot may be break the level of 7000 and trade below 6900-6750.

Pivot point :
 

Nifty Future   R1: 7442  R2: 7512   R3:7555
Pivot: 7398    S1: 7328   S2: 7284   S3: 7214

BANK NIFTY FUTURE:

Bank Nifty closed at 15074.90on Monday with the loss of -129.35 point (-0.85%) . Bank nifty open down at 15185.00 And showing consolidated movement in full trading session,and slipped at last half an hour and close at 15074.90. bank nifty traded its 17th month low of august 2014. All the Psu’s bank losses its market capitalization below 50%,among these bank only HDFC BANK traded as a gainer. BANK OF BARODA (-3.31%) and PUNJAB NATIONAL BANK (-3.16.%) is the top losers in bank nifty future.

BANK NIFTY DAILY CHART

Technical views:

Technically bank nifty traded its 17th month low and technically its very weak. bank nifty may be touché the new level of 14400- 14000 in this month.

Pivot level:

Bank Nifty Future   R1: 15270  R2: 15489   R3:15631
Pivot: 15127            S1: 14908   S2: 14766   S3: 14546
 

USD/ INR: 

The rupee weakened further to a fresh over two-year low against the US dollar, as mounting concerns on a global downturn led to sell-off in local and regional shares, raising worries of additional foreign fund outflows The Indian currency ended the day at 67.60, down 0.45% from the previous close of 67.29 . The dollar index against six major currencies ended at 98.95, down 0.16% from the previous close of 99.11

USDINR STRATEGY           S1 67.55   S2 67.30
Pivot Point 67.40               R1 67.90   R2 68.15

EUROPEAN MARKET: 

European markets are lower today with shares in France off the most. The CAC 40 is down 0.49% while Germany's DAX is off 0.25% and London's FTSE 100 is lower by 0.42%.

Name          Closing    Change

FTSE 100   5779.92    -24.18
CAC 40      4189.57     -20.59
DAX           9521.85     -23.42

ASIAN MARKET:

Asian markets finished mixed as of the most recent closing prices. The Shanghai Composite gained 0.44%, while the Hang Seng led the Nikkei 225 lower. They fell 1.45% and 1.12% respectively.

Name                     Change     % Chg

Nikkei 225             -191.54       -1.13
Straits Times         -37.76         -1.46
Hang Seng             -283.32       -1.47
Taiwan Weighted    49.47          0.63

If you want more information regarding the derivative report & many other tips like Stock Future tips, Equity Tips, Stock tips, Stock cash tips, Commodity tips, Nifty tips  call @ 8109999233 or fill form http://equityresearchlab.com/Freetrial.php