EQUITY RESEARCH LAB DERIVATIVE REPORT 29TH MARCH

www.equityresearchlab.com/

NIFTY FUTURE

Sensex closed 371.16 points down at 24,966.40, while Nifty 50 index settled 101.40 points down at 7,615.10.Nifty plunged more than 1 per cent on Monday on account of profit booking in recent outperformers ahead of a busy week of events, including the release of US economic data and the expiry of domestic derivative contracts.

• Technical views:Nifty future closed at 7638.60 on Monday. Nifty closed below the 7700. nifty may continue bullish trend further, next resistance for nifty may be 7950.

NIFTY DAILY CHART

BANK NIFTY FUTURE

Bank Nifty snapped -211 point (-1.33%) and closed at 15666.70 on Monday . bank nifty shown consolidation in The first half of the trading session ,and in the last trading hour its fall and closed in Red. SBIN(-4.22%) and ICICI BANK (-3.74%) is the top losers in bank nifty future.

Technical views:Bank nifty touch the new level of 16000 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 gained further in the early trade on Friday. It opened higher by 11 paise at 67.23 per dollar versus previous close 67.34. We expect rupee to test 67.20/dollar levels. This may act as a technical hurdle and we expect some weakness post this level. Any profit booking in domestic equities will also help dollar gain. We expect the USD-INR to trade in a range of 67.20-67.80/dollar today.

USDINR STRATEGY R1 66.77 R2 67.00

Pivot Point 68.58 S1 66.43 S2 S2 66.32

EUROPEAN MARKET

European markets finished lower as of the most recent closing prices. The DAX fall 1.74% and the CAC 40 fall 2.18%. The FTSE 100 lost 1.52%.

ASIAN MARKET

Asian markets finished mixed as of the most recent closing prices. The Nikkei 225 gained 0.77%, while the Hang Seng led the Shanghai Composite lower. They fell 1.31% and 0.73% respectively.

Thank You