The Benchmark indices settle the day flat as RBI kept its policy rate on hold at 6.25% for a second meeting in a row, opting to wait for more clarity on the trend for inflation. The Sensex settled the day at 28,289, down 45 points, while the broader Nifty50 ended at 8,769.05, up with mere 0.75 point. BSE Midcap index fell 0.5%, while BSE Smallcap index fell 0.2%. Nifty February 2017 futures closed at 8796.35 on Wednesday at a premium of 27.30 points over spot closing of 8769.05, while Nifty March 2017 futures ended at 8828.30, at a premium of 59.25 points over spot closing. Nifty February futures saw an addition of 0.19 million (mn) units, taking the total outstanding open interest (OI) to 21.76 million (mn) units. The near month derivatives contract will expire on February 23, 2017. Highest open interest has been seen in 8800 and 9000 strike price for call option and in 8600 and 8700 strike price for put option.
Nifty Future Tips For Tomorrow (Thursday: 9th February 2017)
- BUY ENGINERSIN FUTURE ABOVE 160.25 TARGETS 160.85, 161.45, 162.05 STOPLOSS 159.05
- SELL PETRONET FUTURE BELOW 273.5 TARGETS 271, 268.5, 266 STOPLOSS 278.5
- BUY VEDL FUTURE ABOVE 353.75 TARGETS 354.95, 356.15, 357.35 STOPLOSS 351.25
- SELL BAJFINANCE FUTURE BELOW 1043.5 TARGETS 1035.5, 1027.5, 1019.5 STOPLOSS 1059.5