The Markets continued their bull run to settle at fresh closing highs on Friday with the S&P BSE Sensex scaling past the 31,000-mark and the broader Nifty50 index hitting 9600- mark for first time ever as higher derivatives rollover led to strong follow-up buying . The BSE Sensex ended ended at 31,028, up 278 points. The index was up 1.8% for the week. On the other hand, Nifty50 also ended at new peak of 9,595.10, up 85.35 points with a weekly gain of 1.7%. Nifty June 2017 futures closed at 9575.80 on Friday at a discount of 19.30 points over spot closing of 9595.10, while Nifty July 2017 futures ended at 9589.95, at a discount of 5.15 points over spot closing.
Nifty June futures saw a contraction of 0.14 million (mn) units, taking the total outstanding open interest (OI) to 18.96 million (mn) units. Highest open interest has been seen in 9700 and 9600 strike price for call option and in 9400 and 9300 strike price for put option.
Free Stock Future Tips For Monday: 29th May
BUY BAJFINANCE FUTURE ABOVE 1325 TARGETS 1333 , 1341 , 1349 STOPLOSS 1309
BUY IBULHSGFIN FUTURE ABOVE 1093 TARGETS 1098 , 1103 , 1108 STOPLOSS 1083
SELL SUNPHARMA FUTURE BELOW 568 TARGETS 562 , 556 , 550 STOPLOSS 580
SELL BRITANNIA FUTURE BELOW 3428 TARGETS 3408 , 3388 , 3368 STOPLOSS 3468