Indian equity benchmarks ended the choppy day of trade in red as investors remained on sidelines ahead of the corporate results season, which will be starting from today. Nifty July 2015 futures closed at 8346.10 today at a premium of 17.55 points over spot closing of 8,328.55, while Nifty August 2015 futures ended at 8387.10 at a primium of 58.55 points over spot closing. Nifty July futures saw contraction of 0.32 million (mn) units, taking the total outstanding open interest (OI) to 17.86 million (mn) units.
Highest open interest has been seen in 8500 and 8400 strike price for call option and in 7900 and 8000 strike price for put option. DISHTV 102.50 CALL has the highest open interest in buying.
Stock Options Calls
Buy BHEL 260 Call Above 13 For Target of 15 and 17, Stoploss at 10
Buy Union Bank 165 Call above 9 for the Target of 10 and 11 with Stoploss at 7.50
Buy IBREALEST 57.5 put above 4, Target at 4.5 and 5 with Stoploss at 3.25
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