EQUITY RESEARCH LAB: DERIVATIVE REPORT 8th JAN

STOCK FUTURE TIPS

NIFTY FUTURE :

Nifty fell for fourth day in a row on Thursday, tumbling by over two percentage points as China accelerated the depreciation of the yuan, sparking sharp falls in regional equity and currency markets. China also suspended its stock markets for the rest of the day less than half an hour after opening as a new circuit-breaking mechanism was tripped for the second time this week. After a gap-down start, the domestic bourses never looked in recovery mood and ended the trade at four month closing lows, breaching their crucial support levels of 24,900 (Sensex) and 7,600 (Nifty).Markets ended at 4-month low as the benchmark BSE Sensex ended 554.50 points down at 24,851.83. NSE Nifty on the other hand plunged 172.70 down at 7,568.30.

 

 

NIFTY DAILY CHART

 

Technical views:

Nifty future closed at 7574.20 on Thursday below this level nifty future have major support of 7500-7550. Bullish trend may be seen at this level. If you want to more information regarding the derivative report & many other tips like equity tips, stock future tips call @ 8109999233 or fill form http://equityresearchlab.com/Freetrial.php

Pivot point :

Nifty Future           R1: 7643.30  R2: 7718.30  R3:7761.65
Pivot:7599.95        S1: 7524.95  S2: 7481.60  S3:7406.60

BANK NIFTY FUTURE:

Bank Nifty closed at 16080.00 on Thursday with the loss of -374.75 point (-2.28%) . Bank nifty open gap down at 16296 by the china currency devaluation and showing continuously downtrend over the full trading session. BANK OF BARODA (-6.19%) and AXIS BANK (-4.98%) is the top losers in bank nifty future.

BANK NIFTY DAILY CHART

 

 

Technical views:

Bank nifty closed at 16080on Thursday . 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: 16203.70  R2: 16333.50  R3:16410.50
Pivot:16126.70        S1: 15996.90  S2: 15919.92  S3: 15790.10

USD/ INR: 

The Indian rupee opened marginally lower at 66.86 per dollar on Thursday against previous close of 66.82. 2016 has started with risk-off sentiment in the backdrop of poor Chinese data & geopolitical developments." "Odds of another Fed rate hike in March are high. The market is expecting a total of 3 Fed rate hikes in 2016. The USD-INR is expected to trade in a range of 66.52-67.11/dollar.The dollar weakened against a basket of currencies as FOMC minutes supported bets that further US rate hikes would be gradual on concerns about persistent low inflation.

USDINR STRATEGY    S1 66.68   S2 66.52
Pivot Point 66.82            R1 66.97   R2 67.11

EUROPEAN MARKET:

European markets are lower today with shares in France off the most. The CAC 40 is down 1.75% while Germany's DAX is off -2.35 and London's FTSE 100 is lower by -2.00%.

Name            Change    % Chg

FTSE 100       -119     -2.00
CAC 40          -77      -1.75
DAX               -234     -2.35

ASIAN MARKET:

Asian markets finished sharply lower today with shares in China leading the region. The Shanghai Composite is down 7.04% while Hong Kong's Hang Seng is off 3.09% and Japan's Nikkei 225 is lower by 2.33%.

Name                      Change     % Chg

Nikkei 225            -423.98      -2.39
Straits Times          -74.36       -2.72
Hang Seng             -647.47     -3.18
Taiwan Weighted    -138.33    -1.76

If you want to more information regarding the derivative report & many other tips like equity tips, stock future tips call @ 8109999233 or fill form http://equityresearchlab.com/Freetrial.php