Nifty Future and Option Tips (15th March 2017)

Market Update:

The benchmark index Nifty50 on Tuesday closed above its crucial 9050-mark for the first time ever as investors saw PM Narendra Modi’s landslide victory in the Uttar Pradesh as an indication of him winning a second term in office in Lok Sabha elections 2019. The 30-share Sensex settled the trade at 29,443, up 496 points, while the broader 50- share Nifty ended at 9,087, up 152.45 points. Nifty March 2017 futures closed at 9103.00 on Tuesday at a premium of 16 points over spot closing of 9087.00, while Nifty April 2017 futures ended at 9127.40, at a premium of 40.40 points over spot closing. Nifty March futures saw an addition of 1.84 million units, taking the total outstanding open interest (OI) to 25.19 million (mn) units. The near month derivatives contract will expire on 30 March, 2017. Highest open interest has been seen in 9100 and 9200 strike price for call option and in 8900 and 8800 strike price for put option.

Today’s Top Gainers: ICICI Bank, Larsen, HUL, Asian Paints, UltraTechCement
Today’s Top Losers: Coal India, Idea Cellular, Bharti Airtel, Axis Bank, Bosch

Nifty Future and Option Tips (15th March 2017)

BUY DHFL FUTURE ABOVE 346.4 TARGETS 347.9 , 349.4 , 350.9 STOPLOSS 343.4
BUY IBREALST FUTURE ABOVE 81.8 TARGETS 82.2 , 82.6 , 83 STOPLOSS 81
SELL PFC FUTURE BELOW 131 TARGETS 130.3 , 129.6 , 128.9 STOPLOSS 132.4

Nifty Future and Option Tips