EQUITY RESEARCH LAB: DERIVATIVE REPORT 1st April

NIFTY FUTURESensex settled 3.28 points up at 25,341.86, while Nifty index closed 3.20 points up at 7,738.40. Nifty pared most of their day’s gains in the last leg of trade and ended the volatile trading session on a flat note on account of weak global cues and F&O expiry.

Technical views:Nifty future closed at 7740.20 on Thursday. Nifty closed above the 7700. nifty may continue bullish trend further, next resistance for nifty may be 7950.

NIFTY DAILY CHART

BANK NIFTY FUTURE

Bank Nifty snapped -3.40 point (-0.02%) and closed at 16148.60 on Thursday . bank nifty shown consolidation in In the full of the trading session and closed above the level of 16000. SBIN BANK(-1.67%) and PNB (-0.99%) is the top losers in bank nifty future.

Technical views:Bank nifty touch the new level of 16000 and consolidated at that level ,some more range bound movement may be seen in bank nifty above the level of 16000 bank nifty may be show the level of 16400-16800.

BANK NIFTY DAILY CHART

USD/INR

The Indian rupee has opened marginally higher at 66.35 per dollar on Thursday against previous close of 66.37. USD-INR is expected to gradually drift lower on year end remittances and custodial inflows. USD-INR trading range for today is 66.15-66.45/dollar . The US dollar hit its lowest level against the euro in nearly seven weeks following dovish comments from Janet Yellen. The dollar index slipped below the 95 mark.

USDINR STRATEGY R1 66.43 R2 66.49

Pivot Point 66.74 S1 66.24 S2 66.11

EUROPEAN MARKET

European markets finished lower as of the most recent closing prices. The DAX slipped 1.74% and the CAC 40 down 2.18% whereas The FTSE 100 lost 1.52%.

ASIAN MARKET

Asian markets finished mixed as of the most recent closing prices. The Shanghai Composite gained 0.35%, while the Nikkei 225 led the Hang Seng lower. They fell 0.28% and 0.25% respectively.