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Equity Tips

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Equity Tips

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  1. EQUITY RESEARCH LAB: DERIVATIVE REPORT 23RD FEB PUBLISHED BY:- EQUITY RESEARCH LAB http://www.equityresearchlab.com

  2. NIFTY FUTURE • Sensex closed 378.61 points down at 23,410.18, while Nifty settled 125 points down at 7,109.55. Nifty snapped four-day winning streak on Tuesday on account of profit-booking amid a lacklustre trade in Asian markets. Sentiments also remained low since morning as investors remained jittery ahead of the Union Budget 2016-17, which is due on February 29. • Technical views: • Nifty future closed at 7240.70 on Tuesday. Nifty shown Reversal trend to the level of 7250 , At that level one short Fall may be seen in nifty future, Nifty future may be taste new level of 6800-6700

  3. NIFTY DAILY CHART

  4. BANK NIFTY FUTURE • Bank Nifty slid 386 point (2.68%) and closed at 14010.50 on Tuesday . bank nifty shown downtrend in the full trading session. some recovery from the lower level seen in bank nifty. BANK OF BARODA (-4.52%) and SBIN (-3.91%) and is the top losers in bank nifty future. • Technical views: • Bank nifty shown technically recovery trend in daily time frame.But bullish trend in bank nifty will be seen above the level of 15700-15800. bank nifty may be shown new level of 13500-13700.

  5. BANK NIFTY daily chart

  6. USD/INR: • The Indian rupee opened marginally lower by 5 paise at 68.65 per dollar versus 68.60 Monday. "Strong rallyin commodities resulted in strong rally in equities and commodity currencies, while some Stabilization in Europe and China also lent some support."The USD-INR pair has been under pressure owing to continuous FII outflows but well supported at lower levels by the central bank." "We expect the USD-INR pair to trade in the 68.30-68.80/dollar range in the short term. USDINR STRATEGY R1 68.70 R2 68.80 Pivot Point 68.57 S1 68.47 S2 68.34

  7. EUROPEAN MARKET: • European markets finished lower on Tuesday with sharesin Germany leading the region. The DAX is down 1.67% while France's CAC 40 is off 1.42% and London's FTSE 100is lower by 1.26%.

  8. ASIAN MARKET: • Asian markets finished lower today with shares in China leading the region. The Shanghai Composite is down 0.81%while Japan's Nikkei 225 is off 0.37% and Hong Kong's Hang Seng is lower by 0.25%.

  9. THANK YOU

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