Nifty Future and Option Tips for Monday (24 July)

The Benchmark indices ended higher after Reliance Industries rallied nearly 4% on the BSE. Earlier in the day, RIL chairman Mukesh Ambani, announced a 1:1 bonus issue at the company’s 40th annual general meeting (AGM) in Mumbai. The S&P BSE Sensex settled at 32028.89, up 124.49 points, while the broader Nifty50 ended at 9,915.25, up 41.95 points. Nifty July 2017 futures closed at 9910.55 on Friday at a discount of 4.70 points over spot closing of 9915.25, while Nifty August 2017 futures ended at 9946.80 at a premium of 31.55 points over spot closing. Nifty July futures saw a contraction of 0.19 million (mn) units, taking the total outstanding open interest (OI) to 18.01 million (mn) units. The near month derivatives contract will expire on July 27, 2017. Highest open interest has been seen in 10000 and 9900 strike price for call option and in 9800 and 9700 strike price for put option.

Nifty Call Put Tips For 24th July

Nifty Future and Option Tips for Monday (24 July)

BUY BAJFINANCE FUTURE ABOVE 1625 TARGETS 1633 , 1641 , 1649 STOPLOSS 1609
BUY CEATLTD FUTURE ABOVE 1862 TARGETS 1868 , 1874 , 1880 STOPLOSS 1850
SELL DISHTV FUTURE BELOW 76.6 TARGETS 76 , 75.4 , 74.8 STOPLOSS 77.8