Markets ended flat amid a listless session as traders rolled over positions in the derivatives segment from January series to February series. Further, the US Federal Reserve in a recently concluded two day policy review meet maintained a dovish stance and kept interest rates unchanged. The Sensex ended down by 23 points at 24,470 and the Nifty 50 settled at 7,425, down by 13 points.
Nifty February 2016 futures closed 7448.35 on Thursday at a premium of 23.70 points over spot closing of 7,424.65, while Nifty March 2016 futures ended at 7463.40 at a premium of 38.75 points over spot closing. Nifty February futures saw addition of 3.92 million (mn) units, taking the total outstanding open interest (OI) to 18.82 million (mn) units.
Highest open interest has been seen in 7500 and 7600 strike price for call option and in 7400 and 7300 strike price for put option.
Stock Future Tips Tomorrow: 29th Jan
- Buy VEDL future above 67.75, Targets are 69.75, 71.75 and 73.75, Stop loss at 63.75
- Buy SunPharma Future above 836, Targets are 848, 860 and 872, Stop loss at 812
- Sell LT future below 1072, Target are 1060, 1048 and 1036, Stop loss at 1096