Markets finished flat amid a choppy trading session owing to weakness in metal stocks due to weak Chinese factory data.
Nifty May 2015 futures closed at 8419.10 today at a discount of 1.90 points over spot closing of 8,421.00, while Nifty June 2015 futures ended at 8,440.60 at a premium of 19.60 points over spot closing. Nifty May futures saw contraction of 0.43 million (mn) units, taking the total outstanding open interest (OI) to 13.14 million (mn) units.
Highest open interest has been seen in 8500 and 8600 strike price for call option and in 8300 and 8200 strike price for put option. SBIN 280 PUT has the highest open interest in buying.
The market is trading with gains from the morning and remains constant in the upper range. Wednesday’s session saw heavy buying in the Indian stock market. Sensex and Nifty have closed with gains of half percent. The Sensex rose 191 points to close at 27837 level.However, with the boom of the Nifty 57 points, or 0.69 percent to close at the level of 8423 with managed.
Trading Advices: All trader and Investors can buy Nifty When breakout levels 8450.
- You can Buy also bank Nifty..
and bank nifty for Tomorrow and book Partial profit.
Quarterly earnings of India Inc in the coming week.and macroeconomic data, trend in global markets, investment by foreign portfolio investors (FPIs), the movement of rupee against the dollar and crude oil price movement will dictate trend of nifty future for the next few trading session.