EQUITY RESEARCH LAB

DERIVATIVE REPORT

DATE: 8th - July- 2016

presented by

Presented by: Meenakshi Pal

NIFTY FUTURE

NIFTY DAILY CHART

Domestic equity markets ended the day with marginal gains on

Thursday tracking firm European markets. Sensex closed 34.62
points up 27201.49, while Nifty index settled 1.95 points up at
8,337.90. Sentiments also got some boost after the newly
appointed Minister of State for Finance Santosh Gangwars
statement that the government is confident of getting the
much-delayed GST Bill passed in the upcoming Monsoon
session of Parliament. PNB shares rallied 2.50 per cent after its
housing finance subsidiary PNB Housing Finance filed IPO
papers with the market regulator Sebi.
Technical views:
Nifty future closed above to psychological support at 8350on
Thursday. Next logical targets for nifty would be 8400-8450
and breaching of 8320 would force nifty to see levels of
8105-8200. whereas the 8350-8310 will act as very strong
Support levels, if once it go to 8380 then there will higher
probability for nifty to touch 8400-8450 levels.
Pivot point :
Nifty Future
Pivot:8360

R1: 8390

R2: 8422

R3:8452

S1: 8328

S2: 8298

S3:8266

BANK NIFTY FUTURE

BANK NIFTY DAILY CHART

Bank Nifty future opened flat in the morning trading session

and shown consolidation over the full market hours. bank nifty
on daily time frame also trade near resistance, above the level
of 18150 (if bank nifty sustain above 18150-18200) new level
for bank nifty may be seen. HDFC BANK (+1.72) and KOTAK
MAHINDRA BANK (+0.74) is the top gainers of the day.
Technical views:
Bank nifty Open flat at 18100.00, to its previous closing
18073.75 on Thursday and touched high of 18225.65.
Bank nifty technically trade above the 18000 level .if its trade
above 18100 then new level 18400-18700 will be expected.
Pivot level:

Bank Nifty Future

Pivot: 18138

R1: 18226
S1: 18051

R2: 18313
S2: 17962

R3:18402
S3:17875

USD/ INR:
The Indian rupee opened flat at 67.46 per dollar on Thursday versus Tuesday's closing of 67.46. Political
turmoil in UK continues post Brexit vote with pound testing fresh lows below 1.28 before recovering from
that level. June FOMC minutes were mildly dovish indicating no US Fed rate hike in CY16. Bunched up
inward custodial flows and remittances for last 3 days due to Indian and US holidays could support rupee
today. The pound at 31-year low on mounting worries the Brexit would have on the global economy and the
yen continues to climb.

USDINR STRATEGY

R1 67.53

R2 67.61

Pivot Point 67.43

S1 67.35

S2 67.25

EUROPEAN MARKET:
Name

Change

% Chg

European markets finished higher as of the most recent

70.20

FTSE 100

1.07

closing prices. The FTSE 100 gained 1.07%, while the CAC
is up by 0.79 whereas DAX gained 0.48.

CAC 40

32.55

0.79

DAX

45.52

0.48

ASIAN MARKET:
Name

Change

% Chg

Nikkei 225

84.10

-0.55

Straits Times

22.80

-0.80

Hang Seng

209.97

-1.02

Taiwan Weighted

65.16

0.75

Asian markets finished loweras of the most recent closing

prices. The Hang Seng fell 1.02%, while the Nikkei 225
led the Shanghai Composite lower. They fell 0.55% and
0.88% respectively.

Advance / Decline Ratio

Futures

Calls

Puts

Advanced

Declined

Unchanged

Total

758

667

45

1470

INDIAN INDICES:
Name

Change

% Chg

Open

High

Low

NIFTY 50

1.95

0.02

8342.00

8361.95

8317.70

NIFTY BANK

80.65

0.45

18036.30

18146.55

17997.10

SENSEX

34.62

0.13

27209.97

27288.22

27146.95

NIFTY METAL

-7.70

-0.34

2250.35

2268.95

2225.35

NIFTY PHARMA

165.45

1.44

11386.20

11592.90

11370.95

NIFTY REALTY

-1.05

-0.51

206.10

208.20

203.40

Change

% Chg

Open

High

Low

4.77

0.04

12010.07

12069.66

11985.78

-49.30

-0.42

11924.64

11944.11

11858.45

Name

S&P BSE Smallcap

S&P BSE Midcap

FII/DII ACTIVITY:
BUY

No. of
contracts

SELL

Amt in
Crores

No. of
contracts

OPEN INTEREST AT THE

END OF THE DAY

Amt in
Crores

No. of
contracts

Amt in
Crores

INDEX FUTURES

10994

719.93

14494

944.31

233001

14864.02

INDEX OPTIONS

225508

14805.80

219553

14456.11

799783

50230.18

STOCK FUTURES

68308

4414.08

76736

4893.30

784360

49075.84

STOCK OPTIONS

40340

2620.16

40607

2633.72

51592

3276.11

TOP GAINERS:
Company

Prev Close (Rs)

Current Price (Rs)

% Change

LUPIN

1562.90

1655.75

+5.94

HINDALCO

123.65

127.70

+3.28

HUL

890.20

918.30

+3.16

HDFC

1260.70

1290.55

+2.37

DR.REDDYS LAB

3450.55

3524.80

+2.15

TOP LOSERS:
Company

Prev Close (Rs)

Current Price (Rs)

% Change

TATA STEEL
ZEEL
HCL TECHNOLOGIES
TATA CONSULTANCY
ADANIPORT

333.65

317.70

-4.78

461.95

447.85

-3.05

738.40

717.10

-2.88

2485.30

2429.80

-2.23

214.55

210.05

-2.10

ERL Research Team

DESIGNATION

E-MAIL ID

Tuhinanshu Jain

Research Head

tuhinanshu.jain@equityresearchlab.co.in

Yogesh Subnani

Sr. Research Analyst

Yogesh.subnani@equityresearchlab.co.in

Meenakshi Pal

Sr. Research Analyst

Meenakshi.pal@equityresearchlab.co.in

OUR TEAM

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