The benchmark index on Friday settled higher thanks to gains in banking stocks following news reports that the Finance Minister Arun Jaitley has promised to offer a solution to the growing non performing assets (NPA) crisis in next few days. Nifty closed flat in a volatile session today, tracking mixed cues. Initially, it made a firm start and inched higher, thanks to strong rebound in banking counters. But, profit taking at the higher levels again pushed the index to neutral line. The Sensex ended at 29,421, up 89 points, while the broader Nifty50 settled at 9,108, up 22 points. Both the indices logged their first weekly loss in March, retreating from a record high hit last week. Nifty March 2017 futures closed at 9118.30 on Friday at a premium of 10.30 points over spot closing of 9108.00, while Nifty April 2017 futures ended at 9150.50, at a premium of 42.50 points over spot closing. Nifty March futures saw a contraction of 0.43 million (mn) units, taking the total outstanding open interest (OI) to 25.78 million (mn) units. Highest open interest has been seen in 9200 and 9100 strike price for call option and in 8900 and 9000 strike price for put option.

StocK Tips For Tomorrow

BUY HDFC FUTURE ABOVE 1465 TARGETS 1473 , 1481 STOPLOSS 1453
BUY DISHTV FUTURE ABOVE 107.5 TARGETS 108.05 , 108.6 STOPLOSS 106.6
SELL PCJEWELLER FUTURE BELOW 405 TARGETS 402.35 , 399.7 STOPLOSS 410.2
BUY ICIL FUTURE ABOVE 205 TARGETS 206.15 , 207.3 STOPLOSS 203.2

 

For More Update click here