EQUITY RESEARCH LAB DERIVATIVE REPORT 5TH

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NIFTY FUTURE

Sensex closed 170.62 points down at 24623.34, while Nifty 50-settled 45.65 points down at 7,486. Sensex snapped 6-day rally on Thursday on account profit booking amid mixed cues from global counterparts. Investors also remained cautious ahead of Index of Industrial Production (IIP) data for January scheduled to be released on Friday. Airline stocks JetAirways, SpiceJet and InterGlobe Aviation shares remained in news on Thursday on reports of slash in aviation turbine fuel or jet fuel price.

• Technical views:Nifty future closed at 7483.70 on Thursday. Nifty may be Trade in between the7000-7600 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 snapped -100 point down (-0.65%) and closed at 15234.10 on Thursday . bank nifty shown consolidation movement in morning trading session after that its took recovery and made new high15401.00 . Banking stocks gained on Reserve Bank of India’s easing capital recognition norms for banks amid ropes of a rate cut. BANK OF BARODA(-2.69%) and SBI (-1.58%) is the top losers 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 marginally lower at 67.24 per dollar on Thursday against previous close of 67.21. Emerging Market and commodity currencies were supported by recovery of brent crude oil price to USD 41/bbl. Further easing of monetary policy by European Central Bank is expected in its meeting today.The euro slipped as investors await the outcome of the European Central Bank meeting, which they expect will result in interest rates falling deeper into negative territory.

USDINR STRATEGY R1 67.32 R2 67.42

Pivot Point 68.58 S1 67.05 S2 66.88

EUROPEAN MARKET

European markets finished broadly lower yesterday with shares in London leading the region. The FTSE 100 is down 1.82% while France's CAC 40 is down 1.73% and Germany's DAX is up 2.37%.

ASIAN MARKET

Asian markets finished mixed as of the most recent closing prices. The Nikkei 225 gained 1.26%, while the Shanghai Composite led the Hang Seng lower. They fell 2.02% and 0.06% respectively.

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