EQUITY RESEARCH LAB:

DERIVATIVE REPORT 22ND JUNE

http://equityresearchl
ab.com
http://equityresearchl
ab.com
Call On:
+918370098946

NIFTY
FUTURE

Sensex closed 54.14 points down at 26812.78, while Nifty 50 index settled 18.60 points down
at 8,219.90. Nifty settled in red on Tuesday on account of profit-booking by investors in
recent gainers. Investors also remained wary ahead of Thursdays British vote, as well as
Federal Reserve chief Janet Yellens two-day testimony before Congress starting later on
Tuesday, as she might offer clues on the timing of the next US interest rate increase. However,
losses remained capped as investors getting some support with report of weather department
India Meteorological Department saying that monsoon rains have covered nearly half of
the country, accelerating planting of summer crops like paddy rice, soybeans, cotton and
pulses.

Technical views:
Nifty future closed at 8225.10 on Tuesday. Nifty today trade between the range of 8150- 8250
and made a high of 8253. nifty may touch the new high 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 Consolidation movement
over the full market hours and closed at 17623.10.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. INDUSIND BANK (-1.17%) and BANK OF BARODA (-1.15%) is the top
losers in bank nifty future.

Technical views:
Bank nifty Open flat at 17715.30, to its previous closing 177208.35 on Tuesday and touched
high of 17754.85. Bank nifty technically break the 17500 level above that level if its manage
or sustain above the level of 17000 than new high 17800-18200 might be seen.

BANK NIFTY DAILY

CHART

USD/I
NR

The Indian rupee opened lower by 9 paise at 67.40 per dollar on Tuesday versus 67.31
Monday. The Indian markets seem to have taken the Rexit in their stride with equity,
bond and currency markets coming off the in intra-day lows, in tandem with the global
risk-on sentiment, as Brexit fears have eased substantially. The USD-INR pair after
hitting 67.70/dollar closed at 67.30/dollar, on suspected support from RBI. We expect
the pair to trade in the 67-68/dollar range with a weakening bias." The pound retreated
after its strongest surge since 2008, as polls published early today highlighted that the
"leave" campaign retains strong support. Meanwhile the yen continues to strengthen.
USDINR STRATEGY R1 67.46 R2 67.61
Pivot Point 67.41

S1 67.26 S2 67.21

EUROPEAN MARKET
European markets finished broadly higher on Tuesday
with shares in London leading the region. The FTSE 100 is
up 0.36% while France's CAC 40 is up 0.61% and
Germany's DAX is up 0.53%.

ASIAN
MARKET

Asian markets finished mixed as of the most

recent closing prices. The Nikkei 225 gained
1.28% and the Hang Seng rose 0.77%. The
Shanghai Composite lost 0.35%.

FII/DII
ACTIVITY

50 %
50 %
OFF
OFF

THANK YOU
http://equityresearchl
ab.com
http://equityresearchl
ab.com
Call On:
+918370098946