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EQUITY RESEARCH LAB: DERIVATIVE
REPORT 17TH JUNE
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Sensex closed 200.88 points down at 26,525.46, while NSE Nifty settled 65.85 points down
at 8,140.75. Nifty remained under pressure throughout the day on Thursday tracking
heavy selling in other Asian indices after Bank of Japan kept policy rates unchanged and
refrained from offering more stimulus. Weak global cues after the US Federal Reserve
Chair Janet Yellen reiterated global growth concerns and Britain’s potential exit from
the European Union also weighed on the sentiment..
Nifty future closed at 8158.75 on Thursday. Nifty today trade between the range of 8150-
8200 and made a low of 8232.40. nifty may touch the new high of 8300-8500 in this month
NIFTY DAILY CHART
BANK NIFTY FUTURE
Bank nifty open down in the morning trading session. And shown downward movement
over the full market hour’s and closed at 17687.45.Recovery from the lower level seen in the
last trading hour’s. Bank nifty showing consolidation phase on daily chart ,bank nifty may
be trade in the range of 17600-17900 . above the 18000 new level may be seen. ICICI BANK
(-3.59%) and INDUSIND BANK(-2.07%) is the top losers in bank nifty future.
Bank nifty Open down at 17780.00, to its previous closing 17877.30 on Thursday and
touched high of 17818.90. Bank nifty technically break the 17500 level above that level if its
manage or sustain above the level of 17000 than new high 17800-18200 might be seen.
BANK NIFTY DAILY CHART
The Indian rupee opened marginally higher at 67.12 per dollar on Thursday
versus previous close of 67.15. Asian currencies are incrementally likely to
benefit from the expected stimulus package from the Bank of Japan." "We
expect the rupee to rebound to 67/dollar levels, and trade in the 66.80-
67.20/dollar range in the near term.
USDINR STRATEGY R1 67.28 R2 67.42
Pivot Point 67.06 S1 67.25 S2 66.98