DATE:28th-April2016 presented by

Presented by: Meenakshi

EQUITY RESEARCH LAB

DERIVATIVE REPORT

Presented by: Meenakshi

NIFTY FUTURE
NIFTY DAILY CHART

Sensex closed 56.82 points up at 26,064.12, while

Nifty settled
17.25 points up at 7,979.90. Nifty swung between
gains and
losses on Wednesday as investors stayed cautious
ahead of US
FOMC meet outcome due today and F&O expiry on
Thursday.
Asian equity markets ended mostly lower on
Wednesday as the
yen strengthened and weak earnings results from
iPhone
maker Apple put pressure on technology stocks. A
sharp
overnight rally in oil prices and positive industrial profits data
out of China failed to lift investor sentiment ahead of key
central bank decisions from the US Federal Reserve and the
Bank of Japan. The Federal Reserves two-day policy meeting
ends later today, with investors mainly looking for guidance on
the outlook for interest rates
Technical views:
Nifty future closed at 7979.90 on Wednesday. Nifty trade above
Its Psychological level of 7900 ,nifty may continue bullish trend
further, Above that level new level of nifty may 8050-8150.
Pivot point :
Nifty Future

R1: 8009

R2: 8027

Pivot:7979

S1: 7960

S2: 7930

BANK NIFTY FUTURE

DAILY CHART
Bank nifty open gap down in the morning and shown
reversal
trend from its low & touched the level of 17000 but
not
sustain on that level. If Bank nifty manage the
level of above
17000 ,bullish trend could be continue for next
month.
ICICI BANK (-3.72%) and AXIS BANK (-3.06%) is the
top
losers in bank nifty future.

R3:8057
S3:791
2

BANK

Technical views:
Bank nifty Open down at 16910 , to its previous closing
17028.00 on Wednesday and touched the new high of 17000.
Next level for bank nifty technically could be 17400-17800.
if its manage or sustain above the level of 17000 .
Pivot level:

Bank Nifty
Future
Pivot: 16917

R1:
16985

R2: 17072

S1:
16830

S2: 16762

R3:17140
S3:
16675

USD/ INR:
The Indian rupee has opened at 66.52 per dollar, up 0.04 percent or 0.02 on Wednesday.
outcome of key
central bank meetings, both BoJ and Fed, is expected to keep the balance of risk in favour
of EM currencies.
dollar continuing to note headwinds, rupee may benefit in the near term on account of 'riskon' sentiment.
in the near term. The dollar holds near a 3-week high against the yen on expectations of
further Bank of
Japan easing this week.

USDINR STRATEGY

R1 66.60

R2 66.69

Pivot Point 66.50

S1 66.41

S2 66.31

Name

Change

% Chg

FTSE 100

35.39

0.56

CAC 40

26.22

0.58

EUROPEAN MARKET:

European markets finished broadly lower yesterday wit

shares in London leading the region. The FTSE 100 is

DAX

40.24

0.39

down 0.56% while Germany's DAX is off 0.39% and

France's CAC 40 is lower by 0.56%.

ASIAN MARKET:
Name

Change

% Chg

Nikkei 225

-62.79

-0.36

Straits Times

-19.94

-0.69

Asian markets finished lower today with shares in China

leading the region. The Shanghai Composite is down 0.3

Hang Seng

-45.67

-0.21

Taiwan Weighted

-18.52

-0.22

while Japan's Nikkei 225 is off 0.36% and Hong Kong's

Hang Seng is lower by 0.21%.

Advance / Decline Ratio

Futures
Advanced
Name
744

Declined
Change
786

Calls
Unchanged
% Chg 96 Open

Puts
Total
High1626

Low

NIFTY 50

17.25

NIFTY BANK

-129.60

-0.77

16869.35

16995.00

16827.35

SENSEX

56.82

0.22

25956.42

26092.93

25885.24

NIFTY METAL

-2.10

-0.10

2086.05

2096.90

2073.40

NIFTY PHARMA

-25.05

-0.22

11270.15

11285.80

11212.15

NIFTY REALTY

-0.35

-0.21

170.85

171.75

169.75

0.22

7942.00

7991.00

7940.55

INDIA
INDIC

FII/DII ACTIVITY:
BUY

No. of
contracts
INDEX FUTURES

Name

90488

INDEX OPTIONS

599163

STOCK
FUTURES
S&P
BSE Smallcap
Company
STOCK OPTIONS

392784

S&P BSE
Midcap
ADANIPORT

SELL

Amt in
Crores

No. of
contracts

5306.12

Change

34574.41

76637

% Chg

19451.27

31.30
Close
71846 Prev
3711.41
(Rs)
14.35
229.10

593143
390407

OPEN INTEREST AT
THE END OF THE DAY

Amt in
Crores

No. of
contracts

4462.22

Open

High

22776.40

Low

34214.96

1257179

74346.73

19282.34

1056847

52039.10

0.28

11123.00
Current
Price
76301
3910.10
(Rs)

0.13

386061

Amt in
Crores

11109.70
241.25

11180.52

11121.40
106914% Change
5325.01

11166.10

11088.79
+5.30

BHARTI AIRTEL

360.40

373.05

+3.51

ONGC

214.30

221.80

+3.50

BHARTI INFRATEL

363.05

375.70

+3.48

GAIL

363

373.20

+2.81

TOP G

TOP LOSERS:
Company

Prev Close
(Rs)

Current Price
(Rs)

% Change

ICICI BANK
AXIS BANK
SBI
ULTRATECH CEMENT
TATA POWER

254.05

244.60

-3.72

480.20

465.50

-3.06

200.95

196.15

-2.39

3266.05
72

3191.80

-2.27

70.75

-1.74

ERL Research Team

OUR TEAM
Tuhinanshu Jain

DESIGNATION

E-MAIL ID

Research Head

tuhinanshu.jain@equityresearchla

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