Market ended higher today while it’s the highest closing since early October after the minutes of the US Federal Reserve released on Wednesday indicated that the US central bank would hike interest rate but the pace of increase going forward would be gradual.
The S&P BSE Sensex ended at 25,841, up by 359 points while the Nifty50 settled at 7,842 Nifty November 2015 futures closed at 7858.35 on Thursday at a premium of 15.60 points over spot closing of 7,842.75, while Nifty December 2015 futures ended at 7895.70 at a premium of 52.95 points over spot closing. Nifty November futures saw contraction of 0.96 million (mn) units.
Highest open interest has been seen in 8000 and 8200 strike price for call option and in 7700 and 7600 strike price for put option.
Stock Futures Tips For Tomorrow
Buy ENGINERSIN Future above 214, Targets are 216-218-220, Stop loss at 210
Buy ARVIND Future above 312, Targets are 314, 316 and 318, Stop loss at 308
Buy CENTURYTEX Future above 582, Targets are 587, 592 and 597, Stop loss at 572
Sell DLF Future below 103, Targets are 102, 101 and 100, Stop loss at 105.
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