NIFTY TIPS

EQUITY RESEARCH LAB: DERIVATIVE

REPORT 29TH APRIL

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NIFTY FUTURE

Sensex closed 461.02 points, or 1.77 per cent down at 25,603.10, while Nifty
slid 132.65 points at 7,847.25Nifty nosedived over 1.50 per cent on Thursday
on account of selling in frontline blue chip counters amid F&O expiry. The
sentiments came under pressure after Bank of Japan kept the monetary policy
steady defying market expectations. BOJ also surprised investors by deciding
against any fresh market stimulus despite shocking data that underlined the
huge problems facing the countrys economy.

Technical views:
Nifty future closed at 7853.45 on Thursday. Nifty today trade to its support of
7850 ,consolidation pattern may be follow for a short time .nifty may be show
its new level of nifty may 8050-8150 in may contract.

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NIFTY DAILY
CHART

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BANK NIFTY
FUTURE

Bank nifty open flat and made a high of 17036.45 in starting one hours.
after that because of weak global cues bank nifty fall almost 180 point and
closed at 16726.10.If Bank nifty manage the level of above 17000 ,bullish
trend could be continue for next month. SBI BANK (-2.09%) and ICICI
BANK (-1.84%) is the top losers in bank nifty future.

Technical views:
Bank nifty Open down at 16860.00 , to its previous closing 16897.75 on
Thursday and touched the new high of 17036.45.Next level for bank nifty
technically could be 17400-17800.if its manage or sustain above the level of
17000 .

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BANK NIFTY DAILY

CHART

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USD/IN
R

The Indian rupee has opened at 66.39 per dollar up 0.13 on Thursday. The US
Fed kept its policy rates on hold due to domestic and external factors.
Currency markets were stable overnight as FOMC announcement was
broadly in-line with market expectations. The bond markets are range bound
as substantial liquidity infusion into money markets is yet to happen. Higher
crude oil prices have also had a negative impact on market sentiment.

USDINR STRATEGY
Pivot Point 66.47

R1 66.54
S1 66.37

R2 66.63
S2 66.29

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EUROPEAN MARKET
European markets finished flat on Thursday. The FTSE
100 closed flat at 2.49 points positive while Germany's
DAX closed 0.21% positive but France's CAC 40 was
lower by 0.04%.

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ASIAN
MARKET

Asian markets finished mixed as of the most recent

closingprices. The Hang Seng gained 0.12%, while the Nikkei
225 led the Shanghai Composite lower. They fell 3.61% and
0.27% respectively

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