EQUITY RESEARCH LAB

DERIVATIVE REPORT

DATE: 8th - July- 2016

presented by

Presented by: Meenakshi Pal

NIFTY FUTURE NIFTY DAILY CHART

Domestic equity markets ended the day with marginal gains on Thursday tracking firm European markets. Sensex closed 34.62 points up 27201.49, while Nifty index settled 1.95 points up at 8,337.90. Sentiments also got some boost after the newly appointed Minister of State for Finance Santosh Gangwar’s statement that the government is confident of getting the much-delayed GST Bill passed in the upcoming Monsoon session of Parliament. PNB shares rallied 2.50 per cent after its housing finance subsidiary PNB Housing Finance filed IPO papers with the market regulator Sebi. Technical views: Nifty future closed above to psychological support at 8350on Thursday. Next logical targets for nifty would be 8400-8450 and breaching of 8320 would force nifty to see levels of 8105-8200. whereas the 8350-8310 will act as very strong Support levels, if once it go to 8380 then there will higher probability for nifty to touch 8400-8450 levels. Pivot point :

BANK NIFTY FUTURE BANK NIFTY DAILY CHART

Bank Nifty future opened flat in the morning trading session and shown consolidation over the full market hour’s. bank nifty on daily time frame also trade near resistance, above the level of 18150 (if bank nifty sustain above 18150-18200) new level for bank nifty may be seen. HDFC BANK (+1.72) and KOTAK MAHINDRA BANK (+0.74) is the top gainers of the day. Technical views: Bank nifty Open flat at 18100.00, to its previous closing 18073.75 on Thursday and touched high of 18225.65. Bank nifty technically trade above the 18000 level .if its trade above 18100 then new level 18400-18700 will be expected. Pivot level:

Nifty Future R1: 8390 R2: 8422 R3:8452

Pivot:8360 S1: 8328 S2: 8298 S3:8266

Bank Nifty Future R1: 18226 R2: 18313 R3:18402

Pivot: 18138 S1: 18051 S2: 17962 S3:17875

USD/ INR:

The Indian rupee opened flat at 67.46 per dollar on Thursday versus Tuesday's closing of 67.46. Political turmoil in UK continues post Brexit vote with pound testing fresh lows below 1.28 before recovering from that level. June FOMC minutes were mildly dovish indicating no US Fed rate hike in CY16. Bunched up inward custodial flows and remittances for last 3 days due to Indian and US holidays could support rupee today. The pound at 31-year low on mounting worries the Brexit would have on the global economy and the yen continues to climb.

. EUROPEAN MARKET:

European markets finished higher as of the most recent

closing prices. The FTSE 100 gained 1.07%, while the CAC

is up by 0.79 whereas DAX gained 0.48.

ASIAN MARKET:

Asian markets finished loweras of the most recent closing

prices. The Hang Seng fell 1.02%, while the Nikkei 225

led the Shanghai Composite lower. They fell 0.55% and

0.88% respectively.

USDINR STRATEGY R1 67.53 R2 67.61

Pivot Point 67.43 S1 67.35 S2 67.25

Name Change % Chg

FTSE 100 70.20 1.07

CAC 40

32.55 0.79

DAX

45.52 0.48

Name Change % Chg

Nikkei 225

84.10 -0.55

Straits Times

22.80 -0.80

Hang Seng

209.97 -1.02

Taiwan Weighted

65.16 0.75

Advance / Decline Ratio

INDIAN INDICES:

Futures Calls Puts

Advanced Declined Unchanged Total

758 667 45 1470

Name Change % Chg Open High Low

NIFTY 50

1.95 0.02 8342.00 8361.95 8317.70

NIFTY BANK

80.65 0.45 18036.30 18146.55 17997.10

SENSEX

34.62 0.13 27209.97 27288.22 27146.95

NIFTY METAL

-7.70 -0.34 2250.35 2268.95 2225.35

NIFTY PHARMA

165.45 1.44 11386.20 11592.90 11370.95

NIFTY REALTY

-1.05 -0.51 206.10 208.20 203.40

Name Change % Chg Open High Low

S&P BSE Smallcap

4.77 0.04 12010.07 12069.66 11985.78

S&P BSE Midcap

-49.30 -0.42 11924.64 11944.11

11858.45

FII/DII ACTIVITY:

.

TOP GAINERS:

TOP LOSERS:

BUY SELL OPEN INTEREST AT THE END OF THE DAY

No. of contracts

Amt in Crores

No. of contracts

Amt in Crores

No. of contracts

Amt in Crores

INDEX FUTURES 10994 719.93 14494 944.31 233001 14864.02

INDEX OPTIONS 225508 14805.80 219553 14456.11 799783 50230.18

STOCK FUTURES 68308 4414.08 76736 4893.30 784360 49075.84

STOCK OPTIONS 40340 2620.16 40607 2633.72 51592 3276.11

Company Prev Close (Rs) Current Price (Rs) % Change

LUPIN 1562.90 1655.75 +5.94

HINDALCO 123.65 127.70 +3.28

HUL 890.20 918.30 +3.16

HDFC 1260.70 1290.55 +2.37

DR.REDDY’S LAB 3450.55 3524.80 +2.15

Company Prev Close (Rs) Current Price (Rs) % Change

TATA STEEL 333.65 317.70 -4.78

ZEEL 461.95 447.85 -3.05

HCL TECHNOLOGIES 738.40 717.10 -2.88

TATA CONSULTANCY 2485.30 2429.80 -2.23

ADANIPORT 214.55 210.05 -2.10

ERL Research Team

OUR 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

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