Nifty October 2015 futures closed at 8149.60 on Monday at a premium of 6.00 points over spot closing of 8,143.60, while Nifty November 2015 futures ended at 8187.90 at a premium of 44.30 points over spot closing. Nifty October futures saw addition of 0.59 million (mn) units, taking the total outstanding open interest (OI) to 21.84 million (mn) units.
It was a bad start to the week as equity benchmarks lost more than half a percent, weighed by technology stocks after Infosys September quarter earnings. Healthcare and FMCG also added to the pressure while metals and oil stocks provided support. The 30-share BSE Sensex closed below 27000, down 175.40 points or 0.65 percent to 26904.11.
The 50-share NSE Nifty shed 46.10 points or 0.56 percent to 8143.60. Highest open interest has been seen in 8300 and 8200 strike price for call option and in 8100 and 8000 strike price for put option.
Stock Futures Tips Tomorrow
Call Buy VEDL Future above 113, Targets are 114-115-116, Stoploss 111
Call Sell MindTree Future below 1400, Target 1394-1388-1382, Stop loss at 1412
Call Buy Ceat Future above 1230, Targets are 1233-1236-1239
Call Buy JublFood Future above 1570, Targets are 1576-1582-1588