The stock market pared morning gains in the last leg of the session, to end flat, dragged by losses in metal, realty, auto, FMCG and oil & gas sectors. The broader markets also underperformed the frontline indices. Oil marketing companies (OMCs) such as BPCL, HPCL and IOC tanked up to 8% following news reports that the OMCs may be told to absorb increase in oil prices due to inflation risks. The Sensex ended at 32,186, up 27 points while the Nifty ended at 10,079, down 13 points. OI increase with respect to increase in price was seen in JSWENERGY and Increase in OI w.r.t Decrease in price was seen in ITC. 10200 CALL & 9900 PUT showing the highest Open Interest.
Nifty Future and Option Tips for Tomorrow (14th September – Thursday)
BUY RELIANCE FUTURE ABOVE 860 TARGETS 862.5, 865, 867.5 STOPLOSS 855
BUY HDFCBANK FUTURE ABOVE 1840.5 TARGETS 1845.5, 1850.5, 1855.5 STOPLOSS 1830.5
BUY HINDUNLVR FUTURE ABOVE 1257.8 TARGETS 1261.8, 1265.8, 1269.8 STOPLOSS 1249.8