EQUITY RESEARCH LAB: DERIVATIVE REPORT 4th April

NIFTY FUTURE

Sensex dropped 67.92 points or 0.26 per cent to 25,269.64, while Nifty shed 3.45 points or 0.04 per cent to 7,713.05. Markets ended the week flat, indicating consolidation post the sharp rise after budget. Expectations of rate cut by RBI led to consistent interest in the banking sector. markets will watch out for RBI monetary policy meeting on April 5, post which quarterly results will dictate the stock-specific trends. We will watch out for legislative action in the second half of the budget session, which will have important implications for the market.

Technical views:Nifty future closed at 7748.75 on Friday. 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 -2.75 point (-0.02%) and closed at 16253.15 on Friday . bank nifty shown consolidation in. In the full of the trading session and closed above the level of 16000. YES BANK(-1.09%) and HDFC BANK (-0.63%) 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 dollar slipped lower against the other major currencies on Friday, as markets were jittery ahead of the release of highly-anticipated U.S. employment data due later in the day. Sentiment on the dollar remained fragile as investors awaited the release of U.S. nonfarm payrolls and unemployment data later Friday, for further indications on the strength of the job market.

USDINR STRATEGY R1 66.77 R2 67.16

Pivot Point 66.74 S1 66.11 S2 65.84

EUROPEAN MARKET

European markets finished broadly lower on Friday with shares in Germany leading the region. The DAX is down 1.71% while France's CAC 40 is off 1.43% and London's FTSE 100 is lower by 0.47%.

ASIAN MARKET

Asian markets finished mixed as of the most recent closing prices. The Shanghai Composite gained 0.19%, while the Nikkei 225 led the Hang Seng lower. They fell 3.55% and 1.34% respectively.