N

IF
TY

TI
PS

EQUITY RESEARCH LAB: DERIVATIVE

REPORT 3RD MAY

IF NIFTY FUTURE
TY
TI
PS

Sensex closed 169.65 points down at 25,436.97, while NSE Nifty settled 43.90
points down at 7,805.90. Nifty closed in red on Monday after manufacturing
sector activity dropped to a four-month low in April amid disappointing
corporate results and weak global cues. Traders were seen buying in consumer
durables, metal and oil & gas stocks while selling was witnessed in banking,
IT, realty and TECK sector stocks.

Technical views:
Nifty future closed at 7840.10 on Monday. 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.

IF
NIFTY
DAILY
TY
CHART
T
IP
S

IF BANK NIFTY
TY
FUTURE
TI
PS

Bank nifty open gap down in the morning. And trade consolidated in the full
trading hours and closed at 16620.80. If Bank nifty manage the level of
above 17000 ,bullish trend could be continue for next month. ICICI BANK (4.30%) and SBI BANK (-1.59%) is the top losers in bank nifty future.

Technical views:
Bank nifty Open down at 16720.45, to its previous closing 16888.35 on Friday
and touched high of 16756.25. Next level for bank nifty technically could be
17400-17800. if its manage or sustain above the level of 17000 .

IF NIFTY DAILY
BANK
TY
CHART
T
IP
S

IF
TY

TI
PS

USD/IN
R

The Indian rupee opened lower by 8 paise at 66.41 per dollar on Monday
against 66.33 Friday. The rupee is likely to extend consolidation over the
week, with softness in dollar strength aiding the currency. US Jobs data will
be eyed, as the Fed, in its last week's policy, remained non committal on
path of future rate trajectory. The yen traded close to its strongest level in
more than 18 months on concern over the global economy. Yen holds below
107 per dollar after touching its strongest level since October 2014.

USDINR STRATEGY
Pivot Point 66.47

R1 66.42

R2 66.51

S1 66.27

S2 66.21

IF
EUROPEAN
MARKET
TY
TI
PS

European markets finished higher on Monday on Friday

with shares in France leading the region. The CAC 40 is up
0.31% while Germany's DAX is up 0.83%.

IF
TY

ASIAN
MARKET
TI

PS

Asian markets finished broadly lower on Friday with

shares in Japan leading the region. The Nikkei 225 is
down 3.61% while Hong Kong's Hang Seng is off 1.50%
and China's Shanghai Composite is lower by 0.25%..

TH

AN

YO