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EQUITY RESEARCH LAB DERIVATIVE REPORT 5TH

EQUITY RESEARCH LAB DERIVATIVE REPORT 5THwww.equityresearchlab.com/NIFTY FUTURESensex closed 12.75 points up at 24,659.23, while nifty settled settled 0.05 points down at 7,485.30. Domestic equity indices witnessed consolidation on Tuesday where Sensex and Nifty managed to end up the choppy session near neutral lines as investors opted to book profit after four days of continuous rally. The slump in Chinese trade due to the sharp reduction in export data has created the volatility in the market. Nifty is hovering at the important resistance level and is seeking for next direction. Besides, the safe haven assets like dollar and gold have rallied as a cautionary step ahead of the ECB meet on 10th March. Global markets are anticipating further stimulus measures from ECB & FED to upkeep the positive momentum.

Technical views:Nifty future closed at 7452.65 on Monday. 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 slipped -177.45 point (-1.16%) and closed at 15153.40 on Tuesday . bank nifty shown consolidation movement in the full trading session. Banking stocks gained on Reserve Bank of Indias easing capital recognition norms for banks amid ropes of a rate cut. SBI BANK (-2.68%) and BANK OF BARODA(-4.70%) 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 opened lower by 13 paise at 67.21 per dollar on Tuesday versus 67.08 Friday. The USD-INR pair continues to gain from recent lows on the back of improvement in risk sentiment, with oil and commodity prices moving higher, coupled with overall dollar weakness. The dollar fell against a basket of currencies as big gains in oil prices rekindled demand for the euro and commodity-sensitive currencies.

USDINR STRATEGY R1 67.28 R2 67.48

Pivot Point 68.58 S1 67.04 S2 67.00

EUROPEAN MARKET

European markets finished broadly lower on Tuesday with shares in London leading the region. The FTSE 100 is down 0.93 % while France's CAC 40 is down 0.87% and Germany's DAX slides 0.89%.

ASIAN MARKETAsian markets finished mixed as of the most recent closing prices. The Shanghai Composite gained 0.14%, while the Hang Seng led the Nikkei 225 lower. They fell 0.78% and 0.76% respectively.

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