The benchmark indices settled the Tuesday’s session lower tracking European markets which fell ahead of British Prime Minister Theresa May’s speech on Brexit due later in the day. The S&P BSE Sensex closed at 27,235, down 52 points, while Nifty50 ended below its crucial 8,400 mark 8398.00, down 14.80 points. Nifty January 2017 futures closed at 8408.50 on Tuesday at a premium of 10.50 points over spot closing of 8398.00, while Nifty February 2017 futures ended at 8430.90 at a premium of 32.90 points over spot closing. Nifty January futures saw a contraction of 0.45 million (mn) units, taking the total outstanding open interest (OI) to 19.68 million (mn) units. Highest open interest has been seen in 8500 and 8400 strike price for call option and in 8300 and 8200 strike price for put option.
Nifty Call Put Technical Chart for Tomorrow
Best Shares to Buy Tomorrow : 18 January Wednesday
BUY KSCL FUTURE ABOVE 480.5 TARGETS 484.5, 488.5 STOPLOSS 472.5
SELL DHFL FUTURE BELOW 284.2 TARGETS 282.7, 281.2 STOPLOSS 286.2
BUY UPL FUTURE ABOVE 737 TARGETS 740.3, 743.6 STOPLOSS 732
SELL JAINIRRIGATION FUTURE BELOW 94 TARGETS 93.55, 93.1 STOPLOSS 94.7