EQUITY RESEARCH LAB:

DERIVATIVE REPORT 16TH JUNE

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NIFTY
FUTURE

Sensex closed 330.63 points up at 26,726.34, while Nifty 50 index settled 97.75 points up at
8,206.60. Nifty snapped a four-day losing streak on Wednesday after Union Cabinet approved new
civil aviation policy and merger of five associates with SBI amid firm Asian markets. Traders also
took some encouragement with NITI Aayog Vice-Chairman Arvind Panagariyas statement that
Indias economic growth will cross the 8 per cent mark this financial year on the back of good
monsoon and pick up in manufacturing. He said the growth in the last quarter of the previous
financial year touched 7.9 per cent because of uptick in manufacturing activity and improved
performance of agriculture sector.

Technical views:
Nifty future closed at 8221.35 on Wednesday. Nifty today trade Above the range of 8150- 8200 and
made a low of 8232.40. nifty may touch the new high of 8300-8500 in this month of june.

NIFTY DAILY
CHART

BANK NIFTY
FUTURE

Bank nifty open flat in the morning trading session. And shown consolidation movement
over the full market hours and closed at 17877.30. In the last one hours bank nifty shows
bullish trend and made a high of 17905.85. Bank nifty showing consolidation phase on
daily chart ,bank nifty may be trade in the range of 17600-17900 . above the 18000 new
level may be seen. SBI BANK (4.02%) and BANK OF BARODA(2.02%) is the top gainers
in bank nifty future.

Technical views:
Bank nifty Open up at 17700.25, to its previous closing 17638.40 on Wednesday and
touched high of 17905.85. 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 flat at 67.25 per dollar on Wednesday against previous close of
67.26. Rupee can remain under pressure due to global events. If Indian equity market trades
positively on the back of GST news then the rupee may get some support near 67.50/dollar
levels. The trading range for the day is seen between 67-67.50/dolla . The yuan slipped to its
weakest level since early February in offshore trading after MSCI Inc. denied local equities
entry into their indexes. The pound was near a two-month low on Brexit concerns.
USDINR STRATEGY R1 67.24 R2 67.34
Pivot Point 67.07

S1 67.25 S2 66.96

EUROPEAN MARKET
European markets finished broadly higher today with
shares in Germany leading the region. The DAX was up
0.91% while London's FTSE 100 rise 0.73% and France's
CAC 40 was higher by 0.99%.

ASIAN
MARKET

Asian markets finished broadly higher today with

shares in China leading the region. The Shanghai
Composite is up 1.58% while Hong Kong's Hang Seng
is up 0.39% and Japan's Nikkei 225 is up 0.38%.

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