EQUITY RESEARCH LAB:

DERIVATIVE REPORT 04th JULY

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NIFTY
FUTURE

Sensex surged 747.20 points or 2.83 % to 27,144.91 in the past trading session. while Nifty rose 239.75
points or 2.96% to 8,328.35 during the week. Markets got a boost after the Union Cabinet approved a
long-awaited pay hike for its employees, a move which will increase consumption by putting extra
disposable income in the hands of the central governments 4.7 million employees. Sentiment was also
impacted by a global relief rally as the immediate impact of Brexit began to fade. RBI Financial Stability
Report stated that despite global uncertainties, banking sector issues, the economy stands out in terms of
growth as compared to other emerging markets and the Indian financial system remains stable. Markets
also cheered Parliamentary Affairs Minister Venkaiah Naidus statement that the government will seek
to ensure that Goods and Services Tax (GST) Bill will be passed in the upcoming session of Parliament,
scheduled from July 18 to August 12.

Technical views:
Nifty future closed at 8355.15 on Friday. Next logical targets for nifty would be 8350-8400 and breaching
of 8000 would force nifty to see levels of 7900. whereas the 8150-8230 will act as very strong Support
levels, if once it go to 8300 then there will higher probability for nifty to touch 8400-8450 levels.

NIFTY DAILY
CHART

BANK NIFTY
FUTURE
Bank nifty open flat in the morning trading session on Friday And shown
consolidated pattern over the full trading session. 300-500 point really will be
expected above the level of 17900 in bank nifty future. YES BANK (2.04%) and
AXIS BANK (+1.762%) is the top gainers in bank nifty future.

Technical views:
Bank nifty Open flat at 18032.00, to its previous closing 18002.60 on Friday and
touched high of 18147.00. Bank nifty technically trade above the 17900 level .if its
trade above 17900 then new level 18300-18700 will be expected.

BANK NIFTY DAILY

CHART

USD/I
NR

The Indian rupee opened marginally higher at 67.50 per dollar on Friday against previous
close of 67.52. We expect the USD-INR pair to remain range bound today. The trading
range for the USD-INR is seen between 67.50-67.70/dollar.Pound is headed for a second
weekly drop as traders mull the political fallout from the brexit vote, along with signs the
Bank Of England may cut interest rates in the coming months.
USDINR STRATEGY R1 67.43 R2 67.56
Pivot Point 67.37 S1 67.24 S2 67.18

EUROPEAN MARKET
European markets finished broadly higher on Friday with
shares in London leading the region. The FTSE 100 is up
1.13% while Germany's DAX is up 0.99% and France's
CAC 40 is up 0.86%.

ASIAN
MARKET

Asian markets finished broadly higher on Friday with

share in Hong Kong leading the region. The Hang
Seng is up 1.75% while Japan's Nikkei 225 is up
0.68% and China's Shanghai Composite is up 0.10%.

FII/DII
ACTIVITY

50 %
50 %
OFF
OFF

THANK YOU

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