ELITE INVESTMENT ADVISORY SERVICES DAILY DERIVATIVE REPORT 06/10/2017 01/REPORT07/12/153030/05/1414/03/ 14101010/02/1403/12/2013 Fresh selling in the last hour of trade dragged frontline indices lower and led to the market ending on a subdued note. Nifty snapped the four-day gaining streak to close below 9900-mark.Through the day, the Street traded in a narrow range on the flattish side, apart from some positive movements in the early part of the day. However, the market soon gave up its gains and continued to see sideways day of trade. The Sensex was down 79.68 points at 31592.03, while the Nifty was down 26.20 points at 9888.70. The market breadth as positive as 1,493 shares advanced against a decline of 1,148 shares, while 106 shares were unchanged. Nifty October 2017 futures closed at 9908.70 on Thursday at a premium of 20 points over spot closing of 9888.70, while Nifty November 2017 futures ended at 9939.10 at a premium of 50.40 points over spot closing. Nifty October futures saw an addition of 0.94 million (mn) units, taking the total outstanding open interest (OI) to 23.36 mn units. Highest open interest has been seen in 10000 and 10100 strike price for call option and in 9800 and 9900 strike price for put option.
STOCK RECOMMENDATION
BUY ADANIENT FUTURE ABOVE 123.2 TARGETS 123.65 , 124.1 STOPLOSS 122.5 BUY JUBLFOOD FUTURE ABOVE 1498 TARGETS 1506 , 1514 STOPLOSS 1486 BUY JINDAL STEEL FUTURE ABOVE 149.6 TARGETS 150.4 , 151.2 STOPLOSS 148.4 SELL RELCAPITAL FUTURE BELOW 561 TARGETS 558.35 , 555.7 STOPLOSS 565
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