http://www.equityresearchlab.com/Equity.php

EQUITY RESEARCH LAB: DERIVATIVE REPORT 8TH APRIL

NIFTY FUTURE

Sensex closed 215 points down at 24,685.42, while Nifty 50 settled 67.90 points down at 7,546.45. Nifty slid nearly 1 per cent on Thursday as investors continued to book profit in the recent outperformers ahead of result season which is expected to remain weak. Sentiments also remained under pressure after data showed that foreign institutional investors sold shares worth Rs 493.56 crore on Wednesday.

Technical views:Nifty future closed at 7565.05 on Thursday. Nifty closed Near to the 7500. nifty may continue bullish trend further, next resistance for nifty may be 7950.

NIFTY DAILY CHART

BANK NIFTY FUTURE

Bank Nifty trade downward in the full trading session and closed at 15591.40 on Thursday . bank nifty shown consolidation in on the Daily chart and also break the level of 16000 . INDUSIND BANK (-1.65%) and SBIN BANK (-1.03%) is the top losers in bank nifty future.

Technical views:Bank nifty trade in the new level of 15500 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 declined further, opening at 66.72 a dollar on Thursday, down 7 paise compared to 66.65 a dollar in previous session. As expected, minutes of the Fed meeting in March were dovish. Oil prices moved higher on fall in US inventory. However, impact of this on currency markets was muted and the Rupee appreciation was halted by weak stock market. The US dollar hit a 17-month low against Yen while Euro inched lower against US dollar.

USDINR STRATEGY R1 66.72 R2 66.78

Pivot Point 66.74 S1 66.50 S2 66.34

EUROPEAN MARKETEuropean markets finished broadly lower yesterday with shares in Germany leading the region. The DAX is down 2.71% while France's CAC 40 is off 2.23% and London's FTSE 100 is lower by 1.21%.

ASIAN MARKETAsian markets finished mixed as of the most recent closing prices. The Shanghai Composite gained 1.45%, while the Nikkei 225 led the Hang Seng lower. They fell 2.42% and 1.57% respectively.