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Equity Tips

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Equity Tips

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  1. EQUITY RESEARCH LAB: DERIVATIVE REPORT 12TH APRIL

  2. 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 March-quarter 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 fourth-generation 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.

  3. NIFTY DAILY CHART

  4. 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.

  5. BANK NIFTY DAILY CHART

  6. 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 six-month 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

  7. 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%.

  8. 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%.

  9. Thank You

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