Indian Stock Market News:
The benchmark indices settled the day lower as investors stayed cautious ahead of the start of the March-quarter earnings season. Globally, the sentiment was also hit by the ongoing geopolitical concerns. The S&P BSE Sensex settled the day at 29,643, down 145 points, while the broader Nifty50 ended at 9,203.45, down 33.55 points. In the broader market, the S&P BSE Midcap and S&P BSE Smallcap fell 0.22% and 0.49% respectively. Nifty April 2017 futures closed at 9223.20 on Wednesday at a premium of 19.75 points over spot closing of 9203.45, while Nifty May 2017 futures ended at 9245.05, at a premium of 41.60 points over spot closing. Nifty April futures saw a contraction of 0.09 million (mn) units, taking the total outstanding open interest (OI) to 20.92 million (mn) units. The near month derivatives contract will expire on April 27, 2017. Highest open interest has been seen in 9300 and 9400 strike price for call option and in 9100 and 9000 strike price for put option.
Nifty Future Trading Tips For Tomorrow (13th April)
BUY HDIL FUTURE ABOVE 86 TARGETS 86.5 , 87 , 87.5 STOPLOSS 85
BUY REC LTD FUTURE ABOVE 210 TARGETS 210.7 , 211.4 , 212.1 STOPLOSS 208.6
SELL HINDALCO FUTURE BELOW 192 TARGETS 190.8 , 189.6 , 188.4 STOPLOSS 194.5
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