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Equity Tips

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Equity Tips

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  1. EQUITY RESEARCH LAB: DERIVATIVE REPORT 23RD MAY http://equityresearchlab.com

  2. NIFTYFUTURE • Sensex closed 97.82 points down at 25301.90 while Nifty 50 settled 33.70 points down at 7,749.70. Nifty fell for the third consecutive day on Friday on account of weak European cues coupled with tighter P-Note norms. Traders also remained cautious on Friday over the possibility of an interest rate hike by the US Federal Reserve as early as June. Asian equity markets ended mostly higher on Friday, as oil prices rebounded ahead of US rig count data and the dollar held gains against the yen on the eve of a G7 meeting, with issues such as money laundering, tax evasion and currency volatility high on the agenda. Chinese shares eked out modest gains after China said it would allocate 27.64 billion yuan ($4.23 billion) from the central budget to cut steel and coal capacity. Japanese shares reversed early losses to end higher as a weaker yen boosted exporters’ shares. • Technical views: • Nifty future closed at 7763.35 on Friday. Nifty today trade Below the range of 7850 and also shown triangle breakout on daily time frame ,consolidation or downtrend may be follow by nifty . next support for nifty seen in between the range of 7750-7670.

  3. NIFTY DAILY CHART

  4. BANK NIFTY FUTURE • Bank nifty open flat in the morning trading session. And shown consolidation movement over the full trading session and closed at 16505.85 after consolidation. If Bank nifty manage the level of above 17000 ,bullish trend could be continue for next month. ICICI BANK (-2.42%) and BANK OF BARODA(-1.57%) is the top losers in bank nifty future. • Technical views: • Bank nifty Open flat at 1 6598.00, to its previous closing 16563.65.00 on Friday and touched high of 16475.05. Bank nifty technically may be trade in the range of 16100-16700 for a short time. if its manage or sustain above the level of 17000 than new high might be seen.

  5. BANK NIFTY DAILY CHART

  6. USD/INR • The Indian rupee opened marginally lower by 7 paise at 67.43 per dollar against previous close of 67.36. The market continues to digest hawkish Fed Minutes with dollar gaining against all major and EM currencies and dollar Index touching 95.50. The USD-INR pair has finally broken the 67/dollar and is expected to trade in 67-67.50 per dollar range in near term, tracking the global dollar strength. The US dollar rose slightly against the euro and swiss franc as the hawkish tilt from the minutes from the Federal Reserve's latest meeting forced investors to re-examine their expectations for the timing of the next rate hike, but the green-back slipped against the safe-haven yen on risk aversion. • USDINR STRATEGY R1 67.47 R2 67.58 • Pivot Point 66.47 S1 66.28 S2 66.20

  7. EUROPEAN MARKET • European markets closed sharply higher on Friday with shares in London leading the region. The FTSE 100 is up 1.70% while France's CAC 40 is up 1.67% and Germany's DAX is up 1.23%.

  8. ASIAN MARKET • Asian markets finished higher on Friday with shares in Hong Kong leading the region. The Hang Seng is up 0.80% while China's Shanghai Composite is up 0.66% and Japan's Nikkei 225 is up 0.54%.

  9. 50 % OFF Thank you http://equityresearchlab.com

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