Equity Research lab 30th June Derivative report

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EQUITY RESEARCH LAB DERIVATIVE REPORT 30th JUNE
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NIFTY FUTURE
Sensex closed 215.84 points up at 26740.39 while
Nifty settled 76.15 points up at 8,204. Nifty
ended the day in green after Union Cabinet
approved 7th Pay Commission recommendations amid
firm global cues. DLF stock jumped nearly 10 per
cent intraday on Wednesday after reports that
chairman KP Singh and his family will infuse Rs
10,000 crore in an effort to make the real estate
company debt free. Mid-cap Index is trading up
0.93 at 11,566 whereas BSE Small-cap Index is
trading up 1.21 at 11,680. Technical
views Nifty future closed at 8204.50 on
Wednesday. Next logical targets for nifty would
be 8250-8280 and breaching of 8000 would force
nifty to see levels of 7900. whereas the
8250-8280 will act as very strong resistance
levels, if once it go to 8250 then there will
higher probability for nifty to touch
8280-8300levels.
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NIFTY DAILY CHART
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BANK NIFTY FUTURE
Bank nifty open flat in the morning trading
session on Wednesday And shown consolidated
pattern in the full trading hours levels .Bank
nifty showing consolidation phase on daily chart
,bank nifty may be trade in the range of
17500-18000 . above the 17700 new level may be
seen. ICICI BANK (1.50) and KOTAK MAHI. BANK
(1.28) is the top gainers in bank nifty
future. Technical views Bank nifty Open Flat at
17612.15, to its previous closing 17553.55 on
Wednesday and touched high of 17748.85. Bank
nifty technically trade near the 17600 level
,bank nifty level toward downside would be
16700-17000,if its trade above 17750 then new
level will be expected.
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BANK NIFTY DAILY CHART
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USD/INR
The Indian rupee opened higher by 17 paise at
67.78 per dollar on Wednesday versus previous
close 67.95. Positive cues from global equity
market will govern today's move in the rupee and
it is likely to appreciate for the day. The
USD-INR pair to trade in the range of
67.50-68/dollar today. USDINR STRATEGY R1 67.82
R2 67.96 Pivot Point 67.71 S1 67.57 S2
67.46
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EUROPEAN MARKET
Asian markets finished broadly higher today with
shares in Japan leading the region. The Nikkei
225 is up 1.59 while Hong Kong's Hang Seng is up
1.31 and China's Shanghai Composite is up 0.65.
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ASIAN MARKET
Asian markets finished mixed as of the most
recent closing prices. The Nikkei 225 gained
2.39 and the Shanghai Composite rose 1.45. The
Hang Seng lost 0.21.
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FII/DII ACTIVITY
10
50 OFF
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