The Benchmark indices settled the day flat with Nifty50 trading near 9,650 amid lack of any strong global and domestic cues. Shares of IT companies rose following overnight rebound in US technology stocks, while banks fell after the Punjab state government waived farm loans. The S&P BSE Sensex settled at 31,297, down 14 points, while the broader Nifty50 ended at 9,653.50, down 4.05 points. In the broader market, the S&P BSE Midcap and the S&P BSE Smallcap added 0.2% each. Nifty June 2017 futures closed at 9674.45 on Tuesday at a premium of 20.95 points over spot closing of 9653.50, while Nifty July 2017 futures ended at 9692.40, at a premium of 38.90 points over spot closing. Nifty June futures saw a contraction of 0.04 million (mn) units, taking the total outstanding open interest (OI) to 21.07 million (mn) units. Highest open interest has been seen in 9800 and 9700 strike price for call option and in 9600 and 9500 strike price for put option.
BUY IBULHSGFIN FUTURE ABOVE 1137 TARGETS 1142 , 1147 , 1152 STOPLOSS 1127
BUY BAJFINANCE FUTURE ABOVE 1415 TARGETS 1423 , 1431 , 1439 STOPLOSS 1399
SELL INDIACEM FUTURE BELOW 215.6 TARGETS 214.4 , 213.2 , 212 STOPLOSS 218.1
SELL BATAINDIA FUTURE BELOW 530 TARGETS 526 , 522 , 518 STOPLOSS 538