Riding on good PMI numbers and strong rupee, both the benchmark indices ended the day at their respective record closing highs. The manufacturing sector expanded at the fastest pace in five months in March with Japan’s Nikkei Manufacturing PMI at 52.5 in March, as compared to 50.7 in February. Finance Minister pegging India’s GDP growth at 7.7% in 2018 and hopes of timely implementation of GST also aided the sentiment. Nifty gained as much as 71 points at intra-day to reach a new high of 9,245, surpassing its previous milestone of 9,118 hit on March 17 backed by index heavyweights. Rupee, also strengthened to its highest in nearly one and half years and bonds rallied, with investor sentiment lifted by a surge in foreign investments last month. OI increase w.r.t increase in price was seen in SUZLON and Increase in OI w.r.t Decrease in price was seen in DISHTV. 9500 CALL & 9100 PUT showing the highest Open Interest. L&T and Dr Reddy’s continued to be the top gainers, while Bharti Airtel and Wipro were top losers.
BUY WOCKPHARMA FUTURE ABOVE 778 TARGETS 788, 798, 808 STOP LOSS 758
BUY GRANULES FUTURE ABOVE 144.25 TARGETS 145.25, 146.25, 147.25 STOP LOSS 142.25
BUY PETRONET FUTURE ABOVE 417 TARGETS 418, 419, 420 STOP LOSS 415