The benchmark indices pared gains to end flat, led by losses in Dr Reddy’s, Bharti Airtel, Tata Motors and TCS. However, the Nifty managed to settle the July series of derivatives expiry above 10,000 after the index surged past 10,100-mark in intraday trade. The S&P BSE Sensex settled at 32383.30, up 0.84 points, while the broader Nifty50 ended at 10020.55, down 0.10 points. Nifty August 2017 futures closed at 10063.45 on Thursday at a premium of 42.90 points over spot closing of 10020.55, while Nifty September 2017 futures ended at 10093.95 at a premium of 73.40 points over spot closing. Nifty August futures saw an addition of 4.96 million (mn) units, taking the total outstanding open interest (OI) to 16.46 million (mn) units. Highest open interest has been seen in 10100 and 10000 strike price for call option and in 1000 and 9800 strike price for put option.
Nifty Future and Option Tips for Tomorrow (28th July)
BUY MMFIN FUTURE ABOVE 405.5 TARGETS 407.1 , 408.7 , 410.3 STOPLOSS 402.3
BUY BHARATFIN FUTURE ABOVE 827 TARGETS 831 , 835 , 839 STOPLOSS 819
SELL IBULHSGFIN FUTURE BELOW 1155 TARGETS 1150 , 1145 , 1140 STOPLOSS 1165