EQUITY RESEARCH LAB:

DERIVATIVE REPORT 1st MARCH

PUBLISHED BY:EQUITY RESEARCH LAB

http://www.equityresearchlab
.com

NIFTY FUTURE
Nifty skid 0.50 per cent on Monday in a volatile trade. Sensex slipped 152.30 points at
23,002, while Nifty dipped 42.70 points at 6987.05. The focus of the Budget have been the
rural poor, infrastructure and handling the perilous state of PSU banks. The government
has taken the initiative of giving a fillip to investments by increasing spending on roads and
other infrastructure; leaving more in the hands of panchayats will stimulate rural demand.
There is still enough legroom for increasing the amount earmarked for recapitalisation of
PSU Banks. Keeping fiscal deficit under check will give headroom to RBI to cut rates much
earlier than anticipated. Incentives to new manufacturing units, digitization of land records
across states and further enhancement of social security schemes are key positives. Markets
can lead to a big short covering rally in March.

Technical views:
Nifty future closed at 7008.95 on Monday. Nifty may be trade in between the7000-7500
range in march series. March series started with maximum open interest at 7500 call and
7000 put. Below the level of l one short Fall may be seen in nifty future, Nifty future may be
taste new level of 6800-6700.

IFTY DAILY CHART

BANK NIFTY FUTURE

Bank Nifty rose 216 point (1.56%) and closed at 13989.35 on Monday . bank
nifty shown consolidated movement in the full trading session. ICICI BANK
(2.84%) and KOTAK BANK(2.38%) is the top gainers in bank nifty future.

Technical views:
Bank nifty shown technically recovery trend in daily time frame . But
bullish trend in bank nifty will be seen above the level of 15700-15800. bank
nifty may be shown new level of 13500-13400.

BANK NIFTY DAILY CHART

USD/INR
The rupee recovered 3 paise to 68.59 against the US currency in late morning
deals, following sustained bouts of dollar selling from banks and exporters. The
rupee resumed lower at 68.69 from last Friday's closing level of 68.62 at the
Interbank Foreign Exchange Market (Forex) here today. It slid further to 68.74 on
heavy bouts of dollar demand before quoting at 68.59 at 1030 hours. It moved in a
range of 68.74 and 68.57 during the morning trade. Meanwhile, the dollar index
was down 0.14 percent at 98.02 against a basket of six currencies in early trade.
USDINR STRATEGY R1 68.80 R2 68.97
Pivot Point 68.58

S1 68.41 S2 68.19

EUROPEAN MARKET
European markets closed flat on Monday with. The DAX is down by 0.19%
while France's CAC 40 is up 0.90% and London's FTSE 100 is up 0.02%.

ASIAN MARKET
Asian markets finished broadly lower today with shares in China leading the
region. The Shanghai Composite is down 2.86% while Hong Kong's Hang Seng
is off 1.30% and Japan's Nikkei 225 is lower by 1.00%.

THANK YOU