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Erivati VE Eport RD AR

Equity Research Lab is an ISO 9001-2011 Certified And SEBI Registered one of the leading Stock Advisory Company, which Provides Stock Tips, Mcx Tips, Commodity Tips, Equity Tips, Forex trading on Mobile with High Accuracy.

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Aru Mehra
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19 views

Erivati VE Eport RD AR

Equity Research Lab is an ISO 9001-2011 Certified And SEBI Registered one of the leading Stock Advisory Company, which Provides Stock Tips, Mcx Tips, Commodity Tips, Equity Tips, Forex trading on Mobile with High Accuracy.

Uploaded by

Aru Mehra
Copyright
© © All Rights Reserved
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
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EQUITY RESEARCH LAB DERIVATI

VE REPORT 3RD MAR


www.equityresearchlab.com/

NIFTY FUTURE
Sensex closed 463.63 points up at 24242.98, while Nifty settled 146.55 points up at
7368.85. Sensex continued its post-Budget rally for the second straight day and surged
over 2 per cent to get past the 24,000-mark on Wednesday in anticipation of policy
easing by RBI amid positive global markets. Heavy buying in banking stocks on
account of the Reserve Bank of Indias easing capital recognition norms for banks also
supported overall market sentiments. Among the other major gainers were IT, capital
goods, power, oil & gas and metals stocks. Only the FMCG index ended with losses.

Technical views:

Nifty future closed at 7361.55 on Tuesday. Nifty may be trade in between the70007500 range in march series. March series started with maximum open interest at 7500
call and 7000 put. Below the level of l 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 677 point (4.69%) and closed at 15109.60 on Wednesday .
bank nifty shown uptrend movement in the full trading session. SBI
BANK (11.79%) and ICICI BANK(7.34%) is the top gainers in bank nifty
future.

Technical views:
Bank nifty shown technically recovery trend in daily time frame . bullish
trend in bank nifty will be seen above the level of 15700-15800.

BANK NIFTY DAILY CHART

USD/INR
The Indian rupee extended up move on Wednesday by opening at 67.74 a
dollar, up 12 paise compared to 67.86 in previous session. This consistent
recovery is led by rally in equity markets on hopes of rate cut post pricing in
Union Budget. The USD-INR strengthened yesterday and will take cues
from the way the equity market as well as the crude prices behave. The pair
is expected to trade between 67.80-67.90/dollar."
USDINR STRATEGY R1 67.91 R2 667.95
Pivot Point 68.58

S1 67.68 S2 67.49

EUROPEAN MARKET
European markets closed FLT on Wednesday with . The DAX is up .61% wh
ile France's CAC 40 is up .41% and London's FTSE 100 is down by .09%.

ASIAN MARKET
Asian markets closed sharply higher today with shares in China leading the
region. The Shanghai Composite is up 4.26% while Japan's Nikkei 225 is up
4.11% and Hong Kong's Hang Seng is up 3.07%.

Thank You

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