EQUITY RESEARCH LAB

DERIVATIVE REPORT

DATE:28th-April- 2016
presented by

Presented by: Meenakshi Pal

NIFTY FUTURE

NIFTY DAILY CHART

Sensex closed 56.82 points up at 26,064.12, while Nifty settled

17.25 points up at 7,979.90. Nifty swung between gains and
losses on Wednesday as investors stayed cautious ahead of US
FOMC meet outcome due today and F&O expiry on Thursday.
Asian equity markets ended mostly lower on Wednesday as the
yen strengthened and weak earnings results from iPhone
maker Apple put pressure on technology stocks. A sharp
overnight rally in oil prices and positive industrial profits data
out of China failed to lift investor sentiment ahead of key
central bank decisions from the US Federal Reserve and the
Bank of Japan. The Federal Reserves two-day policy meeting
ends later today, with investors mainly looking for guidance on
the outlook for interest rates
Technical views:
Nifty future closed at 7979.90 on Wednesday. Nifty trade above
Its Psychological level of 7900 ,nifty may continue bullish trend
further, Above that level new level of nifty may 8050-8150.
Pivot point :
Nifty Future
Pivot:7979

R1: 8009

R2: 8027

R3:8057

S1: 7960

S2: 7930

S3:7912

BANK NIFTY FUTURE

BANK NIFTY DAILY CHART

Bank nifty open gap down in the morning and shown reversal
trend from its low & touched the level of 17000 but not
sustain on that level. If Bank nifty manage the level of above
17000 ,bullish trend could be continue for next month.
ICICI BANK (-3.72%) and AXIS BANK (-3.06%) is the top
losers in bank nifty future.
Technical views:
Bank nifty Open down at 16910 , to its previous closing
17028.00 on Wednesday and touched the new high of 17000.
Next level for bank nifty technically could be 17400-17800.
if its manage or sustain above the level of 17000 .
Pivot level:

Bank Nifty Future

Pivot: 16917

R1: 16985

R2: 17072

R3:17140

S1: 16830

S2: 16762

S3: 16675

USD/ INR:
The Indian rupee has opened at 66.52 per dollar, up 0.04 percent or 0.02 on Wednesday. outcome of key
central bank meetings, both BoJ and Fed, is expected to keep the balance of risk in favour of EM currencies.
dollar continuing to note headwinds, rupee may benefit in the near term on account of 'risk-on' sentiment.
in the near term. The dollar holds near a 3-week high against the yen on expectations of further Bank of
Japan easing this week.

USDINR STRATEGY

R1 66.60

R2 66.69

Pivot Point 66.50

S1 66.41

S2 66.31

EUROPEAN MARKET:
Name

Change

% Chg

European markets finished broadly lower yesterday with

FTSE 100

35.39

0.56

CAC 40

26.22

0.58

DAX

40.24

shares in London leading the region. The FTSE 100 is

down 0.56% while Germany's DAX is off 0.39% and
France's CAC 40 is lower by 0.56%.

0.39

ASIAN MARKET:
Name

Change

% Chg

Nikkei 225

-62.79

-0.36

Asian markets finished lower today with shares in China

Straits Times

-19.94

-0.69

Hang Seng

-45.67

-0.21

Taiwan Weighted

-18.52

-0.22

leading the region. The Shanghai Composite is down 0.37%

while Japan's Nikkei 225 is off 0.36% and Hong Kong's
Hang Seng is lower by 0.21%.

Advance / Decline Ratio

Futures

Calls

Puts

Advanced

Declined

Unchanged

Total

744

786

96

1626

INDIAN INDICES:
Name

Change

% Chg

Open

High

Low

NIFTY 50

17.25

0.22

7942.00

7991.00

7940.55

NIFTY BANK

-129.60

-0.77

16869.35

16995.00

16827.35

SENSEX

56.82

0.22

25956.42

26092.93

25885.24

NIFTY METAL

-2.10

-0.10

2086.05

2096.90

2073.40

NIFTY PHARMA

-25.05

-0.22

11270.15

11285.80

11212.15

NIFTY REALTY

-0.35

-0.21

170.85

171.75

169.75

Change

% Chg

Open

High

Low

S&P BSE Smallcap

31.30

0.28

11123.00

11180.52

11121.40

S&P BSE Midcap

14.35

0.13

11109.70

11166.10

11088.79

Name

FII/DII ACTIVITY:

BUY

No. of
contracts

SELL

Amt in
Crores

No. of
contracts

OPEN INTEREST AT THE

END OF THE DAY

Amt in
Crores

No. of
contracts

Amt in
Crores

.
INDEX FUTURES

90488

5306.12

76637

4462.22

386061

22776.40

INDEX OPTIONS

599163

34574.41

593143

34214.96

1257179

74346.73

STOCK FUTURES

392784

19451.27

390407

19282.34

1056847

52039.10

STOCK OPTIONS

71846

3711.41

76301

3910.10

106914

5325.01

TOP GAINERS:
Company

Prev Close (Rs)

Current Price (Rs)

% Change

ADANIPORT

229.10

241.25

+5.30

BHARTI AIRTEL

360.40

373.05

+3.51

ONGC

214.30

221.80

+3.50

BHARTI INFRATEL

363.05

375.70

+3.48

GAIL

363

373.20

+2.81

TOP LOSERS:
Company

Prev Close (Rs)

Current Price (Rs)

% Change

ICICI BANK
AXIS BANK
SBI
ULTRATECH CEMENT
TATA POWER

254.05

244.60

-3.72

480.20

465.50

-3.06

200.95

196.15

-2.39

3266.05

3191.80

-2.27

72

70.75

-1.74

ERL Research Team

DESIGNATION

E-MAIL ID

Tuhinanshu Jain

Research Head

tuhinanshu.jain@equityresearchlab.co.in

Yogesh Subnani

Sr. Research Analyst

Yogesh.subnani@equityresearchlab.co.in

Meenakshi Pal

Sr. Research Analyst

Meenakshi.pal@equityresearchlab.co.in

OUR TEAM

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