EQUITY RESEARCH LAB DERIVATIVE REPORT 4TH MAR

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NIFTY FUTURESensex closed 364 points up at 24606, while Nifty 50 index settled 106.75 points up at 7,475.60. The 30-share index zoomed 1,605 points in the past three trading sessions. Nifty surged for the third straight day in a row on Thursday as the post-Budget rally continued following creation of fresh bets coupled with a fresh spell of foreign fund inflows. Markets rose for the third successive day post budget. Sentiment continued to remain positive with global markets also rising from their lows over the past few days and also crude, which has sustained around $36 per barrel. The net buying from FIIs also improved sentiments.

• Technical views:Nifty future closed at 7449.55 on Thursday. Nifty may be trade in between the7000-7500 range in march series. March series started with maximum open interest at 7500 call and 7000 put. Below the level of l one short Fall may be seen in nifty future, Nifty future may be taste new level of 6800-6700.

NIFTY DAILY CHART

BANK NIFTY FUTURE

Bank Nifty rose30.40 point (0.20%) and closed at 15148.35 on Thursday . bank nifty shown consolidated movement in the full trading session. AXIS BANK (2.43%) and INDUSIND BANK(1.49%) is the top gainers in bank nifty future.

• Technical views:Bank nifty shown technically recovery trend in daily time frame . bullish trend in bank nifty will be seen above the level of 15700-15800.

BANK NIFTY DAILY CHART

USD/INR

The Indian rupee has climbed further as it opened with a gain of 14 paise on Thursday at 67.40 per dollar. It closed at 67.54 on Wednesday. Improved oil and commodity prices and pick-up in US economic data has changed the sentiment to risk-on." "Dollar has weakened against commodity currencies and the rupee has gained against dollar on buoyant equity markets following the Union Budget.". Dollar was at a more than one-month high against the euro after strong US private payrolls data.

USDINR STRATEGY R1 67.56 R2 67.59

Pivot Point 68.58 S1 67.39 S2 67.25

EUROPEAN MARKET

European markets closed marginally lower on Thursday. The DAX is down 0.25% while France's CAC 40 is down 0.20 % and London's FTSE 100 is fall by 0.27%.

ASIAN MARKET

Asian markets finished mixed as of the most recent closing prices. The Nikkei 225 gained 1.28% and the Shanghai Composite rose 0.35%. The Hang Seng lost 0.31%.

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