EQUITY RESEARCH LAB:

DERIVATIVE REPORT 14TH JUNE

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NIFTY
FUTURE

Sensex closed 1.06 points down at 26,395.71, while Nifty 50 index settled 1.75 points down at 8,108.85.
Nifty swung between gains and losses on Tuesday and ended the trade on a flat note as Brexit worries
continued to affect global markets. Investors also remained cautious ahead of US Fed meet .Shares of
PSU banks soared after the RBI came out with a scheme for resolution of bad loans of large projects
wherein a portion of the debt will be converted into equity or other instruments. The Nifty PSU Bank
index gained 3.16 per cent to 2557.05. Sectorwise, the BSE Oil & Gas index, IT index and TECK index
gained 0.52 per cent, 0.42 per cent and 0.37 per cent, respectively. The BSE Realty and Healthcare index
gained 0.84 per cent and 0.51 per cent, respectively.

Technical views:
Bank nifty Open up at 17664.00, to its previous closing 17562.15 on Tuesday and touched high of
17695.00. 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.

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 17538.40. In the last one hours bank nifty shows bullish
trend and made a high of 17695.00.Bank nifty showing consolidation phase on daily chart ,bank
nifty may be trade in the range of 17600-17900 in next contract. SBI BANK (2.92%) and BANK
OF BARODA(1.85%) is the top gainers in bank nifty future.

Technical views:
Bank nifty Open up at 17664.00, to its previous closing 17562.15 on Tuesday and touched high of
17695.00. 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 6 paise at 67.19 per dollar on Tuesday versus previous close
of 67.13. The risk-off sentiment is quite evident owing to the uncertainty about Brexit
referendum. Also, the June FOMC meeting, starting today, is expected to keep policy rates
unchanged, but the markets will be looking for cues about the timing of hikes.The USD-INR
pair is back above 67/dollar on the back of global risk-off sentiment. We expect the USD-INR
pair to trade in the range of 67-67.50/dollar in the short term.
USDINR STRATEGY R1 67.25 R2 66.36
Pivot Point 67.07

S1 66.72 S2 67.00

EUROPEAN MARKET
European markets finished broadly lower today with
shares in Germany leading the region. The DAX is down
1.45% while London's FTSE 100 is off 2.05% and France's
CAC 40 is lower by 2.34%.

ASIAN
MARKET

Asian markets finished mixed as of the most

recent closing prices. The Shanghai Composite
gained 0.32%, while the Nikkei 225 led the Hang
Seng lower. They fell 1.00% and 0.61%
respectively.

FII/DII
ACTIVITY

50 %
50 %
OFF
OFF

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