EQUITY RESEARCH LAB: DERIVATIVE

REPORT 20TH APRIL

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.

NIFTY DAILY CHART

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 1600016260 above that level bank nifty technically may touch the new level of
16800-17000 soon.

BANK NIFTY DAILY

CHART

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
Pivot Point 66.74

R1 66.72
S1 66.53

R2 66.81
S2 66.43

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%.

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.

THANK
YOU