The benchmark settled the day lower as investors stayed cautious ahead of the start of the March-quarter earnings season. Globally, the sentiment was also hit by the ongoing geopolitical concerns. Street is also looking forward to a set of economic data – industrial production (IIP) for February and CPI inflation for March due later in the day. HavinPreviewg sunk to its lowest level for at least five years in January, CPI is expected to have risen to 3.98% last month from February’s 3.65%, according to the median forecast of 30 economists. The Sensex settled the day at 29,643, down 145 points, while the broader Nifty50 ended at 9,203, down 17 points. Nifty April 2017 futures closed at 9223.20 on Wednesday at a premium of 19.75 points over spot closing of 9203.45, while Nifty May 2017 futures ended at 9245.05, at a premium of 41.60 points over spot closing. Nifty April futures saw a contraction of 0.09 million (mn) units, taking the total outstanding open interest (OI) to 20.92 million (mn) units.

Highest open interest has been seen in 9200 and 9300 strike price for call option and in 9000 and 8900 strike price for put option.

Experts Advice for Tomorrow ( 13/04/2017 )

 

BUY SRF FUTURE ABOVE 1674.15 TARGETS 1682.15 , 1690.15 STOPLOSS 1662.15
BUY HAVELLS FUTURE ABOVE 492 TARGETS 494 , 496 STOPLOSS 489
SELL JISLJALEQS FUTURE BELOW 100.7 TARGETS 100.25 , 99.8 STOPLOSS 101.4
BUY YESBANK FUTURE ABOVE 1636 TARGETS 1642 , 1648 STOPLOSS 1629