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    Equity Research Lab 23RD May Derivative Report

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    Aru Mehra
    Equity Research Lab is an ISO 9001-2011 Certified And SEBI Registered one of the leading Stock Advisory Company, which Provides Stock Tips, Mcx Tips, Commodity Tips, Equity Tips, Forex trading on Mobile with High Accuracy.

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    Equity Research Lab 23RD May Derivative Report

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    Aru Mehra
    8 views9 pages
    Equity Research Lab is an ISO 9001-2011 Certified And SEBI Registered one of the leading Stock Advisory Company, which Provides Stock Tips, Mcx Tips, Commodity Tips, Equity Tips, Forex trading on Mobile with High Accuracy.

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    Equity Research Lab is an ISO 9001-2011 Certified And SEBI Registered one of the leading Stock Advisory Company, which Provides Stock Tips, Mcx Tips, Commodity Tips, Equity Tips, Forex trading on Mobile with High Accuracy.

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    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    8 views9 pages

    Equity Research Lab 23RD May Derivative Report

    Uploaded by

    Aru Mehra
    Equity Research Lab is an ISO 9001-2011 Certified And SEBI Registered one of the leading Stock Advisory Company, which Provides Stock Tips, Mcx Tips, Commodity Tips, Equity Tips, Forex trading on Mobile with High Accuracy.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    of 9

    EQUITY RESEARCH LAB:

    DERIVATIVE REPORT 23RD MAY


    http://equityresearchl
    ab.com
    http://equityresearchl
    ab.com

    NIFTY
    FUTURE

    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.

    NIFTY DAILY
    CHART

    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 1610016700 for a short time. if its manage or sustain above the level of 17000 than new high
    might be seen.

    BANK NIFTY DAILY


    CHART

    USD/I
    NR

    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

    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%.

    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%.

    50 %
    50 %
    OFF
    OFF
    THANK YOU
    http://equityresearchl
    ab.com
    http://equityresearchl
    ab.com

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