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Nifty Tips

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Nifty Tips

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  1. EQUITY RESEARCH LAB: DERIVATIVE REPORT 29thFEB PUBLISHED BY:- EQUITY RESEARCH LAB http://www.equityresearchlab.com

  2. NIFTY FUTURE • Sensex shed 555 points to 23,154.30, while Nifty closed 181 points lower at 7,029.75. Markets close the week more than 2 per cent lower driven by profit booking, disappointing Rail Budget, intensified selling pressure, weak rupee and slumping crude oil prices. All-in-all, the Economic Survey paints a realistic picture on growth and inflation, which is a departure from previous surveys. If the Finance Minister is able to target a fiscal deficit of 3.5 per cent based on achievable and reasonable assumptions, it will be a positive for the markets.” • Technical views: • Nifty future closed at 7050.15 on Friday. 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.

  3. NIFTY DAILY CHART

  4. BANK NIFTY FUTURE • Bank Nifty rose 219 point (1.61%) and closed at 13848.85 on Friday . bank nifty shown consolidated movement in the full trading session. In the February expiry, Bank nifty (down 11.8% eoe with rollovers of 23.7lacs shares) was one of the biggest dragger YES BANK (2.39%) and SBI BANK (2.70%) and is the top losers in bank nifty future. Technical views: • Bank nifty shown technically recovery trend in daily time frame . But bullish trend in bank nifty will be seen above the level of 15700-15800. bank nifty may be shown new level of 13500-13400.

  5. BANK NIFTYDAILY CHART

  6. USD/INR • The Indian rupee dropped to an intra-day low of 68.785 against the dollar on Thursday, edging closer to the all-time low of 68.85 it hit in end-August 2013, before closing the session at 68.71. Currency dealers said the central bank had intervened in the market. The rupee hit its all-time low following the contagion in August 2013 after the US Federal Reserve said it would consider tapering its bond purchase Programme. • USDINR STRATEGY R1 68.79 R2 68.87 • Pivot Point 68.70 S1 68.62 S2 68.53

  7. EUROPEAN MARKET European markets closed sharply higher on Friday with shares in Germany leading the region. The DAX is up 1.95% while France's CAC 40 is up 1.56% and London's FTSE 100 is up 1.38%.

  8. ASIAN MARKET Asian markets finished broadly higher on Friday with shares in Hong Kong leading the region. The Hang Seng is up 2.52% while China's Shanghai Composite is up 0.95% and Japan's Nikkei 225 is up 0.30%.

  9. THANK YOU • http://www.equityresearchlab.com

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