EQUITY RESEARCH LAB: DERIVATIVE REPORT 19TH FEB

PUBLISHED BY:-EQUITY RESEARCH LAB

http://www.equityresearchlab.com

Sensex rallied 723 points to 23,709.15 on Feb 19 from 22,986.12 on Feb 12. Similarly, Nifty advanced 230 points to 7,210.75 on Feb 19 from 6,980.95 on Feb 12. Domestic equity markets were buoyed by the rise in crude prices from their lows on expected freeze in supply by four producing nations. There was some bottom-fishing in stocks which had corrected sharply. Indian economy will grow at 7.5 per cent in 2016 and 2017 as it is relatively less exposed to external headwinds, like China slowdown, and will benefit from lower commodity prices.

Technical views: Nifty future closed at 7212.45 on Friday. Nifty may be taste New level 7250-7290

for a short term. At that level one short Fall may be seen in nifty future, Nifty future may be taste new level of 6800-6700.

NIFTY FUTURE

NIFTY DAILY CHART

Bank Nifty rose 45.50 point (0.32%) and closed at 1438.90 on Friday . This week bank nifty shown consolidation in the full trading session. On Friday some recovery from the lower level seen in bank nifty. PNB BANK(5.11%) and SBIN BANK (3.07%) and is the top gainers in bank nifty future.

Technical views: Bank nifty shown technically recovery trend in daily time frame . But bullish

trend in bank nifty will be seen above the level of 15700-15800. bank nifty may be shown new level of 13500-13700.

BANK NIFTY FUTURE

BANK NIFTY DAILY CHART

On February 19, Indian Rupee and Bond Market will be closed on account of Shivaji Jayanti. USDINR pair closed neutral on Thursday. The US dollar continued to hold on at higher levels seen in a week against a basket of currencies on Thursday, as investors eyed the release of US data later in the day. The dollar index, which measures the greenback's strength against a trade‐weighted basket of six major currencies, was at 96.98. In US, minutes of the recent FOMC policy meeting revealed that several members of Federal Reserve concurred that the recent turmoil in financial markets calls for a pause in the process of policy normalization until calmness in restored in the markets.

On Thursday, the rupee ended at 68.46/$, marginally up 1 paise from its previous close of 68.47/$ on Wednesday. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 68.49 and for Euro stood at 76.32 on February 18, 2016. While, the RBI’s reference rate for the Yen stood at 60.15, the reference rate for the Great Britain Pound (GBP) stood at 97.8642.

USD/INR:

European markets finished lower on Friday with shares in Germany leading the region. The DAX is down 0.80% while France's CAC 40 is off 0.39% and London's FTSE 100 is lower by 0.36%.

EUROPEAN MARKET:

Asian markets finished broadly lower on Friday with shares in Japan leading the region. The Nikkei 225 is down 1.42% while Hong Kong's Hang Seng is off 0.41% and China's Shanghai Composite is lower by 0.10%.

ASIAN MARKET:

THANK YOU