Market Update: The Benchmark indices pared early morning gains to end the day in red dragged by realty, pharma and telecom stocks. The S&P BSE Sensex settled the day at 28,840 down 145 points, while the broader Nifty50 ended at 8,899.75, down 46.05 points. The broader indices underperformed the frontline indices with BSE Midcap and BSE Smallcap indices falling over 1% each. Nifty March 2017 futures closed at 8917.20 on Thursday at a premium of 17.45 points over spot closing of 8899.75, while Nifty April 2017 futures ended at 8950.95, at a premium of 51.20 points over spot closing. Nifty March futures saw a contraction of 0.33 million (mn) units, taking the total outstanding open interest (OI) to 22.12 million (mn) units. The near month derivatives contract will expire on March 30, 2017. Highest open interest has been seen in 9000 and 9100 strike price for call option and in 8800 and 8700 strike price for put option.
Nifty Future And Option Tips For Tomorrow (3rd March 2017)
BUY BHARATFIN FUTURE ABOVE 805 TARGETS 809 , 813 , 817 STOPLOSS 795
SELL DLF FUTURE BELOW 141 TARGETS 140.2 , 139.4 , 138.6 STOPLOSS 142.6
SELL ADANIENT FUTURE BELOW 93.25 TARGETS 92.75 , 92.25 , 91.75 STOPLOSS 94.25