In a volatile trade, benchmark indices pared gains to settle on a lower note after initial rally dragged by telecom, banking and metal indices. India’s GDP, announced yesterday, grew lower than expected in the September quarter at 7.3% also affected the sentiment.
Swinging between gains and losses, Sensex rose as much as 143 points during intra-trade before falling over 100 points while Nifty also broke it’s crucial 8,200 level. S&P BSE Sensex settled at 26,560, 93 points lower, while the broader Nifty50 was quoting 8,192.90, down 32 points. In broader markets, BSE Midcap fell 1.10% while BSE Small cap was trading 0.63% lower.
Nifty December 2016 futures closed at 8212.00 on Thursday at a premium of 19.10 points over spot closing of 8192.90, while Nifty January 2017 futures ended at 8247.30 at a premium of 54.40 points over spot closing. Nifty December futures saw an addition of 0.50 million (mn) units, taking the total outstanding open interest (OI) to 16.10 million (mn) units. Highest open interest has been seen in 8300 and 8400 strike price for call option and in 8000 and 8100 strike price for put option.
Nifty Call Put Analysis
Free Stock Future Tips for Tomorrow :: 2nd December (Friday)
BUY SIEMENS FUTURE ABOVE 1124.5 TARGET 1132.5 STOPLOSS 1112.5
BUY GAIL FUTURE ABOVE 446.5 TARGET 449.15 STOPLOSS 442.5 5.55
SELL HINDALCO FUTURE BELOW 170.55 TARGET 169.4 STOPLOSS 172.35
SELL VEDL FUTURE BELOW 226.15 TARGET 225.5 STOPLOSS 227.15