ELITE INVESTMENT ADVISORY SERVICES DAILY DERIVATIVE REPORT 28/09/2017 01/REPORT07/12/153030/05/1414/03/ 14101010/02/1403/12/2013 The market fell sharply by 1.4 percent amid retaliatory fire on insurgents at Myanmar border on Wednesday, and after Fed chair signalled the possibility of rate hike by December this year. The NSE Nifty closed below psychological 9,800 level ahead of expiry of September derivative contracts on Thursday.The fall was driven by selling pressure across sectors. Nifty Pharma and PSU Bank indices fell the most among sectoral indices, down 3 percent each followed by auto, FMCG and infra.Equity benchmarks slipped for seventh consecutive session today. The 30-share BSE Sensex was down 439.95 points or 1.39 percent at 31,159.81 and the 50-share NSE Nifty plunged 135.75 points or 1.38 percent to 9,735.75. Nifty September 2017 futures closed at 9739.65 on Wednesday at a premium of 3.90 points over spot closing of 9735.75, while Nifty October 2017 futures ended at 9772.30 at a premium of 36.55 points over spot closing. Nifty September futures saw a contraction of 3.41 million (mn) units, taking the total outstanding open interest (OI) to 14.23 mn units. Highest open interest has been seen in 9900 and 9800 strike price for call option and in 9700 and 9800 strike price for put option.
STOCK RECOMMENDATION
SELL JISLJALEQS FUTURE BELOW 93 TARGETS 92.6 , 92.2 STOPLOSS 93.8 SELL RECLTD FUTURE BELOW 151.4 TARGETS 150.75 , 150.1 STOPLOSS 152.4 SELL ADANIPORTS FUTURE BELOW 370.5 TARGETS 368.9 , 367.3 STOPLOSS 372.9 BUY INDIGO FUTURE ABOVE 1065.2 TARGETS 1071.8 , 1078.4 STOPLOSS 1055.2
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