After trading flat for most part of the session, markets closed the first trading day of the week on a desolate note tracking a sell-off in European markets after mixed US economic data raised uncertainty over global growth. The Sensex closed at 24,287, down by 329 points while the Nifty50 ended at 7,387, down by 102 points.
Nifty February 2016 futures closed 7393.45 on Monday at a premium of 6.20 points over spot closing of 7,387.25, while Nifty March 2016 futures ended at 7412.80 at a premium of 25.55 points over spot closing. Nifty February futures saw addition of 0.81 million (mn) units, taking the total outstanding open interest (OI) to 19.30 million (mn) units.
Highest open interest has been seen in 7600 and 7500 strike price for call option and in 7400 and 7300 strike price for put option.
Stock Future Intraday Tips for Tomorrow
Sell BPCL Future below 827, Stop loss at 837, Target at 822, 817 and 812.
Sell Reliance Future below 963, Target at 958, 953 and 948, Stop loss at 973.
Sell AdaniPorts Future below 210, Stoploss at 216, Targets are 207, 204 and 201.