EQUITY RESEARCH LAB: DERIVATIVE REPORT

STOCK FUTURE TIPS

NIFTY FUTURE :

Indian stock markets closed in the negative on Tuesday. NIFTY DAILY CHART Sensex opened at 25,745, touched an intra-day high of 25,767 and low of 25,514. It finally ended with a loss of 43 points at 25,580 Nifty opened at 7,828 hitting a high of 7,831 and low of 7,763, before ending with a loss of mere seven points at 7,785. Nifty swung between small gains and small losses on Tuesday as some blue chips recovered from steep falls in the previous session, but overall market sentiment remained cautious due to continued worries about China’s markets.

Technical views:

Nifty future closed at 7793.70on Tuesday below this level nifty future may be touché the new level of 8750-7680.

Pivot point :

Nifty Future  R1: 7834 R2: 7865 R3:7892
Pivot: 7807   S1: 7776 S2: 7749 S3: 7718

BANK NIFTY FUTURE BANK NIFTY DAILY CHART Bank Nifty closed at 16567.00 on Tuesday with the loss of -62.45 point (-0.38%) . Bank nifty open at 16695 and made a High of 16700. Bank nifty showing consolidation movement over the full trading Session.PNB BANK (-1.95%) and BANK OF BARODA (-2.05%) is the top losers in bank nifty future.

Technical views:

Bank nifty closed at 16625.00 on Monday. bank nifty may be touch the new level in between 16400-16250. Above the level of 17050 fresh buying may be seen in bank nifty.

Pivot level:

Bank Nifty Future  R1: 16681 R2: 16782 R3:16864
Pivot: 16598          S1: 16497 S2: 16415 S3: 16314

USD/ INR: The Indian rupee gained in the early trade on Tuesday. It has opened higher by 11 paise at 66.50 per dollar versus 66.61 Monday. I expect the rupee to remain weak in the short term on the back of continued weakness in Chinese fundamentals and hence weakening Yuan." "I expect 66.30/dollar to be the floor in the near term and the rupee could test 66.90/dollar on the upside.

USDINR STRATEGY        S1 66.06 S2 65.97
Pivot Point 66.34                R1 66.43 R2 66.71

EUROPEAN MARKET:

European markets closed on a positive side. The FTSE 100 gained 0.71%, while the CAC and DAX gain 0.33% and 0.26% respectively

ASIAN MARKET:

Asian markets finished lower today with shares in Hong Kong leading the region. The Hang Seng is down 0.65% while Japan's Nikkei 225 is off 0.42% and China's Shanghai Composite is lower by 0.26%

Name                     Change

FTSE 100              6137.24 43.81
CAC 40                 4537.63 15.18
DAX                      10310.10 26.66

Name                        Change        % Chg
 
Nikkei 225                -76.98         -0.42
Straits Times              -1.74           -0.06
Hang Seng                -138.40       -0.65
Taiwan Weighted       -39.15         -0.48

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