The Benchmark indices ended closer as markets remained cautious ahead of the exit polls data and results for assembly elections in five states and the US Federal Reserve policy meeting next week. The S&P BSE Sensex settled the day at 28,902, down 92 points, while the broader Nifty50 ended at 8,924.30, down 22.60 points. In the broader market, the BSE Midcap and BSE Smallcap indices shed 0.6% and 0.3%, respectively. Nifty March 2017 futures closed at 8952.10 on Wednesday at a premium of 27.80 points over spot closing of 8924.30, while Nifty April 2017 futures ended at 8977.30, at a premium of 53 points over spot closing. Nifty March futures saw an addition of 0.31 million (mn) units, taking the total outstanding open interest (OI) to 22.16 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 & Option Tips For Tomorrow (9th March 2017)
BUY YES BANK FUTURE ABOVE 1483.5 TARGETS 1489.5 , 1495.5 , 1501.5 STOPLOSS 1471.5
BUY BHARATFIN FUTURE ABOVE 859.5 TARGETS 863.5 , 867.5 , 871.5 STOPLOSS 849.5
SELL NCC FUTURE BELOW 78.4 TARGETS 77.9 , 77.4 , 76.9 STOPLOSS 79.4
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