The benchmark indices on Tuesday erased entire intraday gains to extend losses for the fourth straight session as investors booked profit in banking stocks after Nifty PSU Bank index hit its 52-week high on expectations of robust March quarter earnings. The S&P BSE Sensex settled the day at 29,319, down 94 points, while the broader Nifty50 ended at 9,105.15, down 34.15 points. Nifty April 2017 futures closed at 9123.35 on Tuesday at a premium of 18.20 points over spot closing of 9105.15, while Nifty May 2017 futures ended at 9149.25, at a premium of 44.10 points over spot closing. Nifty April futures saw a contraction of 0.29 million (mn) units, taking the total outstanding open interest (OI) to 19.99 million (mn) units. The near month derivatives contract will expire on April 27, 2017. Highest open interest has been seen in 9200 and 9300 strike price for call option and in 9100 and 9000 strike price for put option.
Nifty Call Put Graph
Stock future Tips : 19th April Wednesday
BUY ADANIENT FUTURE ABOVE 146.7 TARGETS 147.2 , 147.7 , 148.2 STOPLOSS 145.7
BUY CEAT LTD FUTURE ABOVE 1431 TARGETS 1437 , 1443 , 1449 STOPLOSS 1419
SELL JSWSTEEL FUTURE BELOW 186.5 TARGETS 185.3 , 184.1 , 182.9 STOPLOSS 189
SELL LTFH FUTURE BELOW 123.2 TARGETS 122.7 , 122.2 , 121.7 STOPLOSS 124.2