The benchmark indices on Wednesday pared some intraday gains but closed higher for the sixth straight session thanks to over 11% surge in index heavyweight Reliance Industries even as broader indices finished lower ahead of the F&O expiry of February series due on tomorrow. The BSE Sensex settled the day at 28,864, up 103 points, while the broader Nifty50 ended at 8,926.90, up 19.05 points. Nifty February 2017 futures closed at 8920.10 on Wednesday at a discount of 6.80 points over spot closing of 8926.90, while Nifty March 2017 futures ended at 8951.85, at a premium of 24.95 points over spot closing. Nifty February futures saw a contraction of 2.83 million (mn) units, taking the total outstanding open interest (OI) to 13.44 million (mn) units. The near month derivatives contract will expire on February 23, 2017.
Today’s Top NSE Gainers: Reliance, Axis Bank, Idea Cellular, Asian Paints, Coal India
Today’s Top NSE Losers: NTPC, Ambuja Cements, Infosys, Power Grid Corp, TCS
Nifty Future and Option Tips For Tomorrow (23 February 2017)
BUY AXISBANK FUTURE ABOVE 525 TARGETS 528.5 , 532 , 535.5 STOPLOSS 518
BUY IDEA FUTURE ABOVE 114.3 TARGETS 114.9 , 115.5 , 116.1 STOPLOSS 113.1
SELL DHFL FUTURE BELOW 116.5 TARGETS 115 , 113.5 , 112 STOPLOSS 119.5
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