E L D 12 A: Quity Resea RCH AB: Erivat Ive Re Port TH Pril
E L D 12 A: Quity Resea RCH AB: Erivat Ive Re Port TH Pril
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NIFTY FUTURE
Sensex closed 348.32 points up at 25,022.16, while Nifty 50 index settled 116.20 points
up at 7,671.40. NSE Nifty wiped off initial losses and gained over a percentage point on
Monday on account of buying in frontline blue chip counters amid expectation of
normal monsoon this year. However, investors remained cautious ahead of the Marchquarter earnings season that will start from April 15 with Infosys results. BHARTI
AIRTEL gained 4.20 per cent after the company said on Friday it had agreed to pay
Aircel $526 million for radio frequencies in eight service areas, to make its fourthgeneration mobile broadband services available across India.
Technical views:
Nifty future closed at 7702.10 on Monday. Nifty closed Near to the 7700-7750. nifty may
continue bullish trend further,next resistance for nifty may be 7950.
BANK NIFTY
FUTURE
Bank Nifty trade slowly downward in the first half of the trading session but
after the UPI NEWS from the RBI side market took recovery and break
previous high of the day and touched the new high high 15939.85 which is the
near of 16000 and closed at 15896.05. BANK OF BARODA (4.37%) and
SBIN BANK (2.81%) is the top gainers in bank nifty future.
Technical views:
Bank nifty trade in the new level of 15800-16000 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 opened lower by 3 paise at 66.50 per dollar on Monday
against 66.47 Friday. Rupee is expected to trade sideways with negative
bias and will continue to find support at 66.80/dollar.The trading range
for the day is seen between 66.20-66.80/dollar. The euro hold near a sixmonth peak of 1.14 level against the dollar, meanwhile the yen
strengthens further to 107
USDINR STRATEGY R1 66.53 R2 66.60
Pivot Point 66.74
S1 66.36 S2 66.26
EUROPEAN
MARKET
European markets finished mixed on Monday with shares in DAX
leading the region. The DAX closed higher 0.63% while France's CAC 40
closed flat 0.22% and London's FTSE 100 closed lower by 0.07%.
EUROPEAN
MARKET
Asian markets finished mixed as of the most recent closing prices. The
Shanghai Composite gained 1.64% and the Hang Seng rose 0.36%. The
Nikkei 225 lost 0.44%.
THA
NK
YOU