DER EQUIT

Y
IVA
TIV RESE
ER
A
E P O R CH
LAB
RT
:
18T
HA
PRI
L

NIFTY FUTURE
Sensex recaptured the 25,000 mark by advancing 952.91 points, or 3.86 %, to 25,626.75 on
April 13 from 24,673.84 on April 8. Similarly, Nifty reclaimed 7,800 mark as the index gained
295.25 points, or 3.91 %, to settle the week at 7850.45. Nifty surged nearly 4% in the holidayshortened week. Market opened the week in positive territory on hopes of a good monsoon.
The big trigger came when Indian Meteorological Department (IMD) officially declared the
monsoon to be above normal. Firm global cues fuelled by strong data from China and
surging oil prices after reports of a deal between Russian and Saudi Arabia to cap the
production also supported market sentiments this week.

Technical views:
Nifty future closed at 7867.85 on Wednesday. Nifty closed Above 7850 if nifty trade above
and sustain on that level, nifty may continue bullish trend further, next resistance for nifty
may be 7950.

NIFTY DAILY CHART

BANK NIFTY
FUTURE
Bank Nifty trade slowly downward in the first half of the trading session but
after the UPI NEWS from the RBI side market took recovery and break
previous high of the day and touched the new high high 15939.85 which is the
near of 16000 and closed at 15896.05. BANK OF BARODA (4.37%) and
SBIN BANK (2.81%) is the top gainers in bank nifty future.

Technical views:
Bank nifty Open gap up on Wednesday & trade in the new level of 1625016450 above that level bank nifty technically may touch the new level of
16800-17000 soon.

BANK NIFTY DAILY

CHART

USD/INR
The rupee trimmed its initial gains, but was still trading up by 5 paise to 66.38
against the American currency in late morning deals on bouts of dollar selling from
banks and exporters amid rally in equities. The domestic currency resumed higher
at 66.35 as against yesterday's level of 66.43 per dollar at the Interbank Foreign
Exchange (Forex) market here. It gained further to 66.33 before quoting 66.38 at
1030 hrs. The domestic unit hovered in a range of 66.33 to 66.42 per dollar during
the morning deals. The dollar index was up 0.16 percent at 94.22 as against a basket
of six global currencies in Asian trade after leading producers agreed on output cap.

USDINR STRATEGY

R1 66.61

R2 66.80

Pivot Point 66.74

S1 66.27

S2 66.12

EUROPEAN
MARKET
European markets finished higher on Thursday with shares in Germany
leading the region. The DAX is up 0.67% while France's CAC 40 is up
0.47% and London's FTSE 100 is up 0.03%.

EUROPEAN
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.

THA
NK
YOU