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EQUITY RESEARCH LAB: DERIVATIVE
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REPORT 2ND MAY

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NIFTY FUTURE

Technical views:

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Sensex closed 3.52 points up at 25,606.62, while Nifty closed 2.55 points up at
7,849.80. Nifty closed flat on Friday after ICICI Bank Q4 results disappointed
markets amid weak global cues. US stocks posted their largest weekly drop in
more than two months on Friday as earnings reports continued to weigh, but
the S&P 500 and Dow managed to close up for April after strong showings
mid-month. Company results once more gave the market direction as a 9
percent decline in Gilead Sciences shares weighed the most on both the S&P
and the Nasdaq Composite. Apple shares were down for the tenth session in
the last 11 and closed the week down 11.3 percent, the largest such decline
since January 2013. Its April fall was of 14 %.

Nifty future closed at 7894.80 on Friday. Nifty today trade to its support of
7850 ,consolidation pattern may be follow for a short time .nifty may be show
its new level of nifty may 8050-8150 in may contract.

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NIFTY DAILY

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CHART

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BANKT NIFTY

FUTURE

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Technical views:

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Bank nifty open consolidated in the morning. And trade both side downside
in the first half trading session and upside in second half from its low during
the trading hours. and closed at high of 16888.35.If Bank nifty manage the
level of above 17000 ,bullish trend could be continue for next month.
KOTAK MAHINDRA BANK (2.24%) and HDFC BANK (1.65%) is the top
gainers in bank nifty future.

Bank nifty Open down at 16774.90, to its previous closing 16785.10 on Friday
and touched the new high of 17946.25. Next level for bank nifty technically
could be 17400-17800. if its manage or sustain above the level of 17000 .

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USD/IN
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USDINR STRATEGY
Pivot Point 66.47

R1 66.62
S1 66.34

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The Indian rupee has opened marginally higher at 66.48 a dollar on Friday
compared to 66.52 per dollar in previous session. The rupee is expected to
remain range bound with 66.80 level as a resistance for the dollar weakness
in the dollar can help the rupee to appreciate and test Rs 66.20/USD levels.
Meanwhile, the Japanese yen held on to broad gains, having posted its
biggest one-day rally in over five years against the greenback and euro after
the Bank of Japan skipped a chance to ease policy.

R2 66.73

S2 66.17

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EUROPEAN MARKET

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European markets finished sharply lower on Friday with

shares in France leading the region. The CAC 40 is down
2.82% while Germany's DAX is off 2.73% and London's
FTSE 100 is lower by 1.27%.

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ASIAN

MARKET

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Asian markets finished broadly lower on Friday with shares

in Japan leading the region. The Nikkei 225 is down 3.61%
while Hong Kong's Hang Seng is off 1.50% and China's
Shanghai Composite is lower by 0.25%..

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