ELITE INVESTMENT ADVISORY SERVICES DAILY DERIVATIVE REPORT 04/01/2018 01/REPORT07/12/153030/05/1414/03/ 14101010/02/1403/12/2013 The benchmark indices ended flat on Wednesday, despite strong Asian markets which rose on expectations of an improvement in the global economy, but gains were capped ahead of key corporate results starting next week. Oil prices were stable on Wednesday, not far off mid-2015 highs reached the previous session, as strong demand and ongoing efforts led by OPEC and Russia to curb production tightened the market. The Sensex ended at 33,793, down 18 points while the broader Nifty50 index settled at 10,443, up 1 point. Investors are awaiting corporate results, including from Tata Consultancy Services and Infosys that are scheduled next week, amid signs the economy is recovering after the withdrawal of high-denomination currency bills in late 2016 and the introduction of a national goods and services tax last year. 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 BHEL FUTURE ABOVE 100 TARGETS 100.55, 101.1 STOPLOSS 99.1 BUY PCJEWELLER FUTURE ABOVE 482 TARGETS 484.65, 487.3 STOPLOSS 476.8 SELL RNAVAL FUTURE BELOW 57 TARGETS 56.55, 56.1 STOPLOSS 57.7 BUY JISLJALEQS FUTURE ABOVE 131.5 TARGETS 131.95, 132.4 STOPLOSS 130.8
pinnaclefinancial.in@gmail.com +919039035252