EQUITY RESEARCH LAB: DERIVATIVE REPORT 18th FEB

EQUITY RESEARCH LAB: DERIVATIVE REPORT 19th FEBPUBLISHED BY:-EQUITY RESEARCH LAB

www.equityresearchlab.com

DERIVATIVE REPORT

NIFTY FUTURE

Sensex closed 267.35 points up at 23649.22, while Nifty50 index settled 83.30 points up at 7,191.75. Nifty advanced one per cent on Thursday on account of firm global markets as crude oil extended gains on hopes that big producers will cap output, improving investor sentiment for riskier assets. Asian markets ended mostly higher on Thursday, after US stocks posted their biggest three-day gain since August overnight, buoyed by a jump in oil prices, upbeat US industrial production data and signs the Federal Reserve could slow the pace of US interest rate hikes.

BANK NIFTY FUTURE

Bank Nifty rose 98 point (0.69%) and closed at 14289.80 on Thursday . bank nifty shown consolidation in the full trading session ICICI BANK(2.83%) and INDUSIND BANK (1.94%) and is the top gainers in bank nifty future.

USD/INR:

The Indian rupee opened higher by 8 paise at 68.39 per dollar on Thursday versus 68.47 Wednesday. Despite better-than-expected US industrial production data, the next Fed rate hike is unlikely to be before June 16." Given weak equity markets in India, the USD-INR is expected to trade today in a range of 68.30-68.60/dollar, The US dollar weakened against the yen after the Federal Reserve released the minutes from its January meeting.

USDINR STRATEGYR1 68.59R2 68.72Pivot Point 68.45S1 68.32S2 68.18EUROPEAN MARKET:European markets finished slightly higher yesterday. The DAX is up 0.15 % while London's FTSE 100 is off 0.86% and France's CAC 40 is higher by 0.91%.

ASIAN MARKET:Asian markets finished mixed as of the most recent closing prices. The Hang Seng gained 2.32% and the Nikkei 225 rose 2.28%. The Shanghai Composite lost 0.16%..

THANK YOU