EQUITY RESEARCH LAB: DERIVATIVE REPORT 23RD FEB

PUBLISHED BY:-EQUITY RESEARCH LAB

http://www.equityresearchlab.com

NIFTY FUTURE Sensex closed 79.64 points, or 0.34 per cent, up at 23,788.79, while Nifty 50 index

advanced 23.80 points to 7,234.55. Nifty extended gains for the fourth consecutive trading session on Monday on account of buying in index heavyweights such as Reliance Industries after oil prices recovered from steep losses in the previous session amid a strong opening in European markets. European shares were higher in early trading on Monday following gains in Asia, and helped by a recovery in the prices of crude oil and other commodities.

Technical views: Nifty future closed at 7240.70 on Monday. 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 DAILY CHART

BANK NIFTY FUTURE

Bank Nifty rose 46.00 point (0.32%) and closed at 14395.70 on First tradind session of the week . bank nifty shown consolidation in the full trading session. some recovery from the lower level seen in bank nifty. KOTAK BANK(1.43%) and AXIS BANK (1.18%) 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 DAILY CHART

USD/INR: The Indian rupee opened lower by 14 paise at 68.60 per dollar on Monday versus 68.46 Thursday. "Rupee will take cues from equity market which is likely to trade with a positive bias. The rupee will trade stronger for the day in a range of 68.20-68.75/dollar."

USDINR STRATEGY R1 68.68 R2 68.79

Pivot Point 68.59 S1 68.48 S2 68.39

EUROPEAN MARKET:

European markets finished higher on Monday with shares in Germany leading the region. The DAX is up 1.94% while France's CAC 40 is up 1.76% and London's FTSE 100 is Higher by 1.45%.

ASIAN MARKET:

Asian markets finished broadly higher today with shares in China leading the region. The Shanghai Composite is up 2.35% while Hong Kong's Hang Seng is up 0.95% and Japan's Nikkei 225 is up 0.90%

THANK YOU