EQUITY RESEARCH LAB:

DERIVATIVE REPORT 24th JUNE

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NIFTY
FUTURE

Sensex closed 236.57 points up at 27,002.22, while Nifty settled 66.75 points up at 8,270.45. Nifty
advanced over 0.80 per cent on Thursday tracking firm trend in European markets as UK voters
began to cast ballots on Brexit referendum. Markets opened on a cautious note on Thursday.
However, sentiment improved with a firming trend in other Asian markets and a higher opening in
European shares as Britain began voting in a historic referendum on its future in the European
Union. The rupee strengthening by over 15 paise against dollar too supported the market.

Technical views:
Nifty future closed at 8282.25 on Thursday. Nifty today trade between the range of 8150- 8300 and
made a high of 8307.15. nifty may touch the new high between 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 one sided bullish
movement over the full market hours and closed at 17890.50.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. YES BANK (2.96%) and SBI BANK (2.18%) is
the top gainers in bank nifty future.

Technical views:
Bank nifty Open flat at 17585, to its previous closing 17597.70 on Thursday and touched
high of 17919.55. Bank nifty technically break the 17500 level above that level if its
manage or sustain above the level of 18000 than new high 18250-18400 might be seen.

BANK NIFTY DAILY

CHART

USD/I
NR

The Indian rupee opened marginally higher at 67.43 per dollar on Thursday versus
previous close 67.48. Global currency markets are expected to stay flat in a tight range a
day prior to Brexit referendum. Markets are currently expecting UK to vote for 'remain in
EU'. However, a Brexit vote can cause volatility in currency markets particularly in EM
currencies. The USD-INR trading range for the day is seen between 67.20-67.50/dollar. The
pound climbed to a 2016 high, bringing higher-yielding currencies up with it as confidence
mounted that the UK will vote to remain a member of the european union in Thursday's
referendum.
USDINR STRATEGY R1 67.37 R2 67.51
Pivot Point 67.41

S1 67.16 S2 67.09

EUROPEAN MARKET
European markets closed sharply higher today with shares
in London leading the region. The FTSE 100 is up 3.04%
while France's CAC 40 is up 1.96% and Germany's DAX
is up 1.85%.

ASIAN
MARKET

Asian markets finished mixed as of the most recent

closing prices. The Nikkei 225 gained 1.07% and the
Hang Seng rose 0.35%. The Shanghai Composite lost
0.47%.

FII/DII
ACTIVITY

50 %
50 %
OFF
OFF

THANK YOU

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