The benchmark indices settled the holiday-truncated week lower after index heavyweight Infosys’ revenue guidance and plan to distribute cash to shareholders fell short of expectations, raising concerns at the start of the March quarter earnings. The S&P BSE Sensex settled at 29,461, down 182 points, while the broader Nifty50 ended at 9,150.80, down 52.65 points. For the week, the Sensex shed 245 points or 0.8%, while the Nifty slipped 47 points or 0.5%. Nifty April 2017 futures closed at 9182.25 on Thursday at a premium of 31.45 points over spot closing of 9150.80, while Nifty May 2017 futures ended at 9208.60, at a premium of 57.80 points over spot closing. Nifty April futures saw a contraction of 0.52 million (mn) units, taking the total outstanding open interest (OI) to 20.40 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 for Monday : 17th April
BUY IBREALEST FUTURE ABOVE 108.35 TARGETS 108.75 , 109.15 , 109.55 STOPLOSS 107.55
BUY NCC FUTURE ABOVE 92.7 TARGETS 93.2 , 93.7 , 94.2 STOPLOSS 91.7
SELL JSWSTEEL FUTURE BELOW 191 TARGETS 189.5 , 188 , 186.5 STOPLOSS 194
SELL ADANIPORTS FUTURE BELOW 317.7 TARGETS 316.1 , 314.5 , 312.9 STOPLOSS 320.9