EQUITY RESEARCH LAB:

DERIVATIVE REPORT 18TH MAY

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NIFTY
FUTURE
Sensex closed 120.38 points up at 25,773.61, while Nifty 50 index closed 30
points up at 7,890.75. Nifty extended their gains for the second straight day on
Tuesday on account of firm global cues. Market sentiments also remained
upbeat following exit polls at the end of polling in Assam, showed BJP
winning the elections for the first time. Asian markets ended mostly higher on
Tuesday, extending their gains for the second day in a row, tailing the jump in
US markets overnight after crude spiked to six months high.

Technical views:
Nifty future closed at 7907.80 on Tuesday. Nifty today trade Between the range
of 7850-7930 ,consolidation pattern may be follow for a short time .nifty may
be show its new level of nifty may 8050-8150 in may contract.

NIFTY DAILY
CHART

BANK NIFTY
FUTURE
Bank nifty gap up in the morning trading session. And shown consolidation
movement over the full trading session and closed at 16812.00 after
consolidation. If Bank nifty manage the level of above 17000 ,bullish trend
could be continue for next month. AXIS BANK (+3.47%) and ICICI BANK
(+0.98%) is the top gainers in bank nifty future.

Technical views:
Bank nifty Open up at 16869.00, to its previous closing 16766.70 on Tuesday
and touched high of 16942. Next level for bank nifty technically could be
17000-17400. if its manage or sustain above the level of 17000 than new high
might be seen.

BANK NIFTY DAILY

CHART

USD/IN
R
The Indian rupee opened marginally higher by 6 paise at 66.74 per dollar
against previous close of 66.80. The USD has been strengthening since last week
against high beta commodity currencies and the Yen, as energy prices touch 6month highs. The USD-INR pair has come off from its recent highs, in tandem
with the global dollar strength. The dollar slipped against the euro and pound
after a report showed that the US manufacturing industry continues to face
headwinds.

USDINR STRATEGY R1 66.90 R2 67.00

Pivot Point 66.47 S1 66.68 S2 66.56

EUROPEAN MARKET
European markets finished mixed with shares in Germany
leading the region. The DAX was down 0.63% while
London's FTSE 100 was positive off 0.27% and France's
CAC 40 is lower by 0.34%

ASIAN
MARKET
Asian markets finished mixed as of the most recent closing
prices. The Hang Seng gained 1.18% and the Nikkei 225
rose 1.13%. The Shanghai Composite lost 0.25%.

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