The benchmark indices erased entire losses to settle near day’s high thanks to gains in metal, oil & gas and banking stocks, while the pharma index was the sole sectoral loser. Almost all constituents of the Nifty pharma index, which shed as much as 2.5% intraday, were in red. The S&P BSE Sensex settled at 32325.41 up 87.53 points, while the broader Nifty50 ended at 10066.40, up 52.75 points. Nifty August 2017 futures closed at 10108.55 on Friday at a premium of 42.15 points over spot closing of 10066.40, while Nifty September 2017 futures ended at 10142.25 at a premium of 75.85 points over spot closing. Nifty August futures saw a contraction of 0.29 million (mn) units, taking the total outstanding open interest (OI) to 21.46 million (mn) units. Highest open interest has been seen in 10200 and10100 strike price for call option and in 10000 and 9800 strike price for put option.
Stock Future Tips for Monday
BUY HINDPETRO FUTURE ABOVE 442.5 TARGETS 445.2 , 447.9 , 450.6 STOPLOSS 437.1
BUY BAJFINANCE FUTURE ABOVE 1742 TARGETS 1750 , 1758 , 1766 STOPLOSS 1726 5.8
SELL HDIL FUTURE BELOW 74.9 TARGETS 74.4 , 73.9 , 73.4 STOPLOSS 75.9
SELL JINDALSTEEL FUTURE BELOW 136.35 TARGETS 135.35 , 134.35 , 133.35 STOPLOSS 138.35