ELITE INVESTMENT ADVISORY SERVICES DAILY DERIVATIVE REPORT 21/12/2017 01/REPORT07/12/153030/05/1414/03/ 14101010/02/1403/12/2013 The benchmark indices ended lower after hitting fresh highs at open on Wednesday as Asian shares fell taking their cues from Wall Street with investor enthusiasm toward US tax changes ebbing as the long-awaited reform bill wound its way through Congress, while higher US Treasury yields underpinned the dollar. Market moved in a tepid manner after recording the all-time high, investors turned jittery ahead of RBI minutes. Market is gradually pricing the positive aura raised from the political front, going forward valuation and transition of reforms into earnings will be the key catalyst to fuel the market sentiment. The breadth, indicating the overall health of the market, remained strong. On the BSE, 1,590 shares rose and 1,120 shares fell. A total of 177 shares were unchanged. Prime Minister Narendra Modi’s electoral victories in key states continued to lend support to the markets, but focus has now shifted to Budget and macros. Highest open interest has been seen in 10500 and 10400 strike price for call option and in 10200 and 10300 strike price for put option.
STOCK RECOMMENDATION
BUY TATAGLOBAL FUTURE ABOVE 303 TARGETS 303.8 , 304.6 STOPLOSS 301.8 BUY RNAVAL FUTURE ABOVE 40.7 TARGETS 41.15 , 41.6 STOPLOSS 40 SELL RECLTD FUTURE BELOW 155 TARGETS 154.35 , 153.7 STOPLOSS 155.9 BUY SRF FUTURE ABOVE 1948 TARGETS 1956 , 1964 STOPLOSS 1936
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