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Nifty Tips

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Nifty Tips

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  1. EQUITY RESEARCH LAB: DERIVATIVE REPORT 26TH APRIL

  2. NIFTY FUTURE • Sensex closed 0.62 per cent down at 25,678.93, while Nifty 50 index settled 0.56 per cent down at 7,855.05 Nifty plunged 159.21 points and 44.25 points on Monday on account of selling pressure in energy, metal, oil and gas sectors amid lower Asian cues. Investors remained cautious ahead of the central bank meetings in the US and Japan this week for future policy moves. Depreciation in Indian rupee too dampened sentiments. • Technical views: • Nifty future closed at 7865 on Monday. Nifty trade below its Psychological level of 7900 ,nifty may continue bullish trend further, Next resistance for nifty may be 7950. Above that level new level of nifty may 8050-8150.

  3. NIFTY DAILY CHART

  4. BANK NIFTY FUTURE • Bank nifty open flat in the morning and shown downtrend and made a low of 1651.30 and closed at 16689.45.overall on daily time frame bank nifty shown consolidation and followed the range of 16450-16750. Above 16800 we can see the new level of 17000 in bank nifty soon. BANK OF BARODA(-2.53%) and SBI(-1.55%) is the top losers in bank nifty future. • Technical views: • Bank nifty Open flat at 16767.00 , to its previous closing 16727.85.00 on Friday & trade between the level of 16400- 16800 above that level bank nifty technically may touché the new level of 17000-17300 soon.

  5. BANK NIFTY DAILY CHART

  6. USD/INR • The Indian rupee slipped in the early trade on Monday. It has opened lower by 16 paise at 66.65 per dollar versus 66.49 Friday. Rupee is still trading in narrow range. A close below 66.50/dollar on Friday will support the rupee to appreciate towards 66.20/dollar levels. • USDINR STRATEGY R1 66.62 R2 66.76 • Pivot Point 66.47 S1 66.37 S2 66.46

  7. EUROPEAN MARKET • European markets finished broadly lower on Monday with shares in London leading the region. The FTSE 100 is down 0.79% while Germany's DAX is off 0.77% and France's CAC 40 is lower by 0.52%.

  8. ASIAN MARKET • Asian markets finished lower today with shares in Japan leading the region. The Nikkei 225 is down 0.76% while Hong Kong's Hang Seng is off 0.76% and China's Shanghai Composite is lower by 0.42%.

  9. THANK YOU

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