Friday, 24 February 2017

Call Put Tips For Tomorrow: 27th February

The Benchmark indices settled the day on a flat note amid a volatile session thanks to gains in IT and telecom sectors following the expiry of February derivative contracts.The 30-share Sensex ended 28 points higher at 28,893 and the 50-share Nifty closed 13 points higher at 8,939.50. The broader markets were in line with the benchmark indice with BSE Mid-cap and Small-cap gaining 0.2% and 0.1% respectively. 

Nifty March 2017 futures closed at 8956.15 on Thursday at a premium of 16.65 points over spot closing of 8939.50, while Nifty April 2017 futures ended at 8990.55, at a premium of 51.05 points over spot closing. Nifty March futures saw an addition of 6.47 million (mn) units, taking the total outstanding open interest (OI) to 21.83 million (mn) units. 

The near month derivatives contract will expire on March 30, 2017.Highest open interest has been seen in 9000and 9100 strike price for call option and in 8800 and 8700 strike price for put option. 

Call Put Tips For Tomorrow

Buy HINDPETRO Future above 550.7 Targets: 552.6, 554.5, 556.4 Stop loss 546.9

Buy AXIS BANK Future above 530 Targets: 533.5, 537, 540.5 Stop loss 523 

Sell ASHOKLEY Future below 90.75 Targets: 90.15, 89.55, 88.95 Stop loss 91.95

Sell LTFH Future below 116 Targets: 115.5, 115, 114.5 Stop loss 117

Thursday, 23 February 2017

Indian Share Market Update; Nifty Ended Above 8900

Benchmark indices closed higher for sixth consecutive session Thursday but were off day's high due to selling pressure in banks and Reliance Industries. The Sensex was up 28.26 points at 28892.97 and the Nifty gained 12.60 points at 8939.50, supported by technology and telecom stocks. 

Overall 699 advances, 941 declines and 273 unchanged stocks on NSE, reflecting negative undertone floating in the market. The Rupee closed higher by 14 paise at 66.83 per Dollar. 

The BSE Small Cap jumped up 15 points at 13587 and BSE Mid-Cap hiked 25 points at 13532. In Commodity market, Gold closed up 48 points at 29,256 while Sliver declined 55 points to 48. 

In European market, FTSE dropped 7 points to 7295, DAX lost 6 points to 11992 while CAC hiked 5 points at 4901. 

Movers and Shakers of the day

Jindal Steel and Power Limited closed at Rs 116.75 per share, up by Rs 6.45 per share or 5.85%. 

Capital Trade Links closed at Rs 32.90 per share, up by Rs 2.70 per share or 8.94%.

Wednesday, 22 February 2017

Latest Market Update | Stock Future Tips For Tomorrow

After rising as much as 202 points intraday, the Sensex settled with 103.12 points gained at 28864.71 amid consolidation. The Nifty failed to hold 8950 level, up 19.05 points at 8926.90. Both indices were at highest closing level since September 8, 2016 and continued uptrend for fifth consecutive session.

About 1751 shares declined against 1096 advancing shares on the exchange. The Rupee Closed lower by 6 paise at 66.98 against US Dollar.

However, the broader markets under performed benchmarks on negative breadth. The BSE Mid-cap and Small-cap indices felled 0.58 percent.  In Commodity market, Gold declined 26 points to 29,275 while Silver slipped 136 points to 42,700.  

Movers And Shakers Of The Day

Arcotech Limited closed at Rs 730.05 per share, up by Rs 100.85 per share or 16.03%.

CMI closed at Rs 193.10 per share, up by Rs 12.95 per share or 7.19%.