The benchmark indices settled the day on a higher note, extending gains for the fourth day straight, as investors remain optimistic ahead of the Union Budget next week. Better than expected corporate earnings also aided the sentiment. Market continued to reach newer highs as Budget Day nears, investors are making sure to not miss the rally. Nifty February 2017 futures closed at 8671.10 on Friday at a premium of 29.85 points over spot closing of 8,641.25, while Nifty March 2017 futures ended at 8700.10, at a premium of 58.85 points over spot closing. Nifty February futures saw an addition of 1.22 million (mn) units, taking the total outstanding open interest (OI) to 19.38 million (mn) units. Highest open interest has been seen in 8700 and 8800 strike price for call option and in 8400 and 8500 strike price for put option. The Sensex ended the day at 27,882, up 174 points, while the broader Nifty50 settled at 8,641.25, up 38.25 points.
BUY LTFH FUTURE ABOVE 102.8 TARGETS 103.25 , 103.7 STOPLOSS 102.2
BUY RECLTD FUTURE ABOVE 146.7 TARGETS 147.35 , 148 STOPLOSS 145.8
BUY CROMPGREAV FUTURE ABOVE 68.3 TARGETS 68.65 , 69.05 STOPLOSS 67.7 12.19