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Nifty Tips

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  1. EQUITY RESEARCH LAB: DERIVATIVE REPORT 20TH APRIL

  2. NIFTY FUTURE • Robust Q4 earnings from IT major INFOSYS and positive macro data amid above normal monsoon projection lifted sentiment as indices Sensex and Nifty reclaimed their psychological levels of 25,800 and 7,900, respectively, on Monday. Market gained weight due to the fine start of the result season and the contraction in WPI inflation to -0.85 per cent has smoothened the way forward. The global market witnessed a correction as oil producers could not reach a consensus on output freeze. Going forward, the market sentiment will depend on the progressing Q4 results season. • Technical views: • Nifty future closed at 7920.30 on Monday. Nifty break it Psychological level of 7900 if nifty trade above and sustain on that level, nifty may continue bullish trend further, next resistance for nifty may be 7950.

  3. NIFTY DAILY CHART

  4. BANK NIFTY FUTURE • Bank nifty open negative and fall almost 300 point in first 15 minute of market opening on Monday. after that bank nifty shown recovery from its lower level and recovered almost 200 point. Bank nifty may be continue the same consolidated movement forward. YES BANK (2.69%) and AXIS BANK (1.08%) is the top gainers in bank nifty future. • Technical views: • Bank nifty Open at 16360 on Monday & trade between the level of 16000-16260 above that level bank nifty technically may touché the new level of 16800-17000 soon.

  5. BANK NIFTY DAILY CHART

  6. USD/INR • The Indian rupee opened flat at 66.63 per dollar on Monday against Wednesday's closing of 66.64. The failure of talks between the oil exporting countries in Doha can result in return of some risk off sentiment, in turn impacting currencies. Commodity currencies slumped while the safe-haven yen soared after global oil producers fail to agree on an output freeze, sending oil prices tumbling anew. • USDINR STRATEGY R1 66.72 R2 66.81 • Pivot Point 66.74 S1 66.53 S2 66.43

  7. EUROPEAN MARKET • European markets finished higher on Monday with shares in Germany leading the region. The DAX is up 0.68% while France's CAC 40 is up 0.26% and London's FTSE 100 is up 0.15%.

  8. ASIAN MARKET • Asian markets are lower today as Chinese and Hong Kong shares fall. The Shanghai Composite is off 0.46% while the Hang Seng is down 0.15%. The Nikkei 225 is not trading.

  9. THANK YOU