EQUITY RESEARCH LAB:

DERIVATIVE REPORT 3RD JUNE

http://equityresearchl
ab.com
http://equityresearchl
ab.com

Call On:
+918370098946

NIFTY
FUTURE

Sensex closed 129.21 points up at 26,843.14, while Nifty 50 index settled 39 points up at
8,218.95. Nifty settled above 8,200 for the first time since October 2015. Nifty pared their
initial losses in the last hour of trade on Thursday on account of buying in metals and
mining, IT and oil & gas stocks stocks. Rupee on Thursday recovered by 9 paise to 67.36
against the dollar in early trade on fresh selling of the American currency by exporters.

Technical views:
Nifty future closed at 8243.25 on Thursday. Nifty today trade above the range of 8200 and
made a high of 8254.00 .nifty may be taste the new level of 8200-8500 in the month of
June.

NIFTY DAILY
CHART

BANK NIFTY
FUTURE
Bank nifty open flat in the morning trading session. And shown consolidation movement trend
over the full market hours and closed at 17573.65. Bank nifty showing consolidation phase on
daily chart ,bank nifty may be trade in the range of 17500-17800 in next contract. YES BANK
(+3.06%) and AXIS BANK (+2.42%) is the top gainers in bank nifty future.

Technical views:
Bank nifty Open flat at 174000, to its previous closing 17419.70 on Thursday and touched high
of 17603.55. Bank nifty technically break the 17500 level above that level if its manage or sustain
above the level of 17000 than new high 17800-18200 might be seen.

BANK NIFTY DAILY

CHART

USD/I
NR

The Indian rupee opened marginally higher at 67.42 per dollar on Thursday versus 67.45 Wednesday.
Uncertainty over the second term to RBI governor resulted in weak rupee and bonds. However, the
rupee weakness is expected to be capped today by exporter selling. The US dollar hit its lowest level in
two weeks against the yen after Japan delayed a sales tax hike for longer than expected, raising concerns
about the lack of Japanese monetary stimulus to halt the yen's rise. Also the latest economic readings in
US, weren't strong enough for the Fed to justify tightening monetary policy again, traders are now
watching out for the May jobs data.
USDINR STRATEGY R1 67.51 R2 67.57
Pivot Point 66.49

S1 67.29

S2 66.13

EUROPEAN MARKET
European markets finished mixed as of the
most recent closing prices. The DAX gained
0.03%, while the CAC 40 led the FTSE 100
lower. They fell 0.21% and 0.10% respectively.

ASIAN
MARKET

Asian markets finished mixed as of the most

recent closing prices. The Hang Seng gained
0.47% and the Shanghai Composite rose
0.40%. The Nikkei 225 lost 2.32%.

50 %
50 %
OFF
OFF

THANK YOU
http://equityresearchl
ab.com
http://equityresearchl
ab.com

Call On:
+918370098946