EQUITY RESEARCH LAB:

DERIVATIVE REPORT 11TH APRIL

NIFTY FUTURE

Sensex closed 11.58 points down at 24,673.84, while Nifty 50 index settled 8.75 points up at 7,555.20. Nifty ended the dull trade on a flat note on Friday as sentiment remained weak in the absence of any positive trigger amid sustained capital outflows by foreign funds. Muted expectation of fourth quarter earnings weighed on the domestic sentiment. Asian equity markets ended mostly lower on Friday after oil prices fell over 1per cent overnight and shares in leading European and US banks fell sharply on earnings worries. Jindal Steel and Power (JSPL) shares rallied over 10 per cent on Friday on reports that the Supreme Court has ruled in favour of JSPL in Sarda mines case. The scrip closed at Rs 66.65.

Technical views:Nifty future closed at 7578.10 on Friday. Nifty closed Near to the 7550-7600. nifty may continue bullish trend further, next resistance for nifty may be 7950.

NIFTY DAILY CHART

BANK NIFTY FUTURE

Bank Nifty trade consolidated in the full trading session and closed at 15652.10 on Friday . bank nifty shown consolidation in on the Daily chart and also break the level of 16000 . YES BANK (1.66%) and SBIN BANK (0.63%) is the top gainers in bank nifty future.

Technical views:Bank nifty trade in the new level of 15500-15600 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 66.65a 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 MARKET

European markets finished broadly higher on Friday with shares in Germany leading the region. The DAX is up 0.95% while France's CAC 40 is rise by 1.33% and London's FTSE 100 is higher by 1.09%.

EUROPEAN MARKET

Asian markets finished mixed as of the most recent closing prices. The Hang Seng gained 0.48% and the Nikkei 225 rose 0.46%. The Shanghai Composite lost 0.78%.

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