The benchmark indices ended higher on Monday as investor sentiment got a boost after the government last week finalized rates for the upcoming goods and services tax (GST). The S&P BSE Sensex ended at 30,570, up 106 points, while the broader Nifty50 settled at 9,438.25, up 10.35 points. In the broader market, the S&P BSE Midcap and the S&P BSE Smallcap indices slipped in red to shed over 1% each. Nifty May 2017 futures closed at 9443.65 on Monday at a premium of 5.40 points over spot closing of 9438.25, while Nifty June 2017 futures ended at 9447.25, at a premium of 9 points over spot closing. Nifty May futures saw a contraction of 1.29 million (mn) units, taking the total outstanding open interest (OI) to 17.81 million (mn) units. Highest open interest has been seen in 9600 and 9500 strike price for call option and in 9400 and 9300 strike price for put option.
Nifty Stock Future Tips for Tomorrow (23rd May Tuesday)
BUY GLENMARK FUTURE ABOVE 675 TARGETS 681 , 687 , 693 STOPLOSS 663
BUY MCDOWELLN FUTURE ABOVE 2067 TARGETS 2082 , 2097 , 2112 STOPLOSS 2037
SELL ADANIENT FUTURE BELOW 120.6 TARGETS 120.1 , 119.6 , 119.1 STOPLOSS 121.6
SELL BANKINDIA FUTURE BELOW 156 TARGETS 155.3 , 154.6 , 153.9 STOPLOSS 157.4