nifty tips
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EQUITY RESEARCH LAB DERIVATIVE REPORT 30TH MAR
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NIFTY FUTURE
Sensex closed 65.94 points down at 24,900.46, while Nifty 50 settled 18.10 points down at 7,597.Nifty retreated below the key 7,600-mark on Tuesday on account of sustained selling pressure in healthcare blue-chips amid mixed Asian markets. Besides, volatility ahead of March derivatives expiry during the week impacted investor sentiments.
• Technical views:Nifty future closed at 7620.05 on Tuesday. Nifty closed below the 7700. nifty may continue bullish trend further, next resistance for nifty may be 7950.
BANK NIFTY FUTURE
Bank Nifty rose 46 point (0.30%) and closed at 15714.50 on Tuesday . bank nifty shown consolidation in In the full trading session. AXIS BANK(1.55%) and INDUSIND BANK (1.45%) is the top gainers in bank nifty future.
Technical views:Bank nifty touch the new level of 16000 and consolidated at that level ,some more range bound movement may be seen in bank nifty above the level of 16000 bank nifty may be show the level of 16400-16800.
USD/INR
The Indian rupee gained further in early trade Tuesday. The currency has opened at 66.50 a dollar, up 8 paise compared to 66.58 a dollar in previous session. currency market has been fairly range bound in the holiday shortened week, with the dollar-rupee currency pair trading between 66.50-67 per dollar, with portfolio flows pouring in but well supported at lower levels, keeping the pair in a tight range. US dollar weakened against a basket of major currencies while gold rose marginally.
USDINR STRATEGY R1 66.64 R2 66.70
Pivot Point 68.58 S1 66.49 S2 66.40
EUROPEAN MARKET
European markets finished broadly higher on Friday with shares in London leading the region. The FTSE 100 is up 1.13% while France's CAC 40 is up 0.92% and Germany's DAX is up 0.74%.
ASIAN MARKET
Asian markets finished broadly higher on Friday with Shares in Hong Kong leading the region. The Hang Seng is up 1.18 while China's Shanghai Composite is up 0.50% and Japan's Nikkei 225 is up 0.32%.
