ELITE INVESTMENT ADVISORY SERVICES DAILY DERIVATIVE REPORT 24/10/2017 01/REPORT07/12/153030/05/1414/03/ 14101010/02/1403/12/2013 Equity benchmarks rebounded on Monday after a consolidation in previous week. The 30-share BSE Sensex was up 116.76 points at 32,506.72 and the 50-share NSE Nifty rose 38.40 points to 10,184.90. About 1,421 shares declined against 1,293 advancing shares on the BSE. Indian Energy Exchange opened sharply lower at Rs 1,500, falling 9 percent against issue of Rs 1,650 per share. Government may inject up to Rs 25,000 crore into the banks with a view to boosting stressed public sector lenders. Nifty October 2017 futures closed at 10189.70 on Monday at a premium of 4.85 points over spot closing of 10184.85, while Nifty November 2017 futures ended at 10224.25 at a premium of 39.40 points over spot closing. Nifty October futures saw a contraction of 1.72 million (mn) units, taking the total outstanding open interest (OI) to 24.39 mn units. Highest open interest has been seen in 10200 and 10300 strike prices for call option and in 10100 and 10200 strike prices for put option.
STOCK RECOMMENDATION
BUY IDEA FUTURE ABOVE 99.5 TARGETS 100.1, 100.7 STOPLOSS 98.6 BUY L&TFH FUTURE ABOVE 210.6 TARGETS 211.5, 212.4 STOPLOSS 209.25 BUY GSFC FUTURE ABOVE 143.6 TARGETS 144.5, 145.4 STOPLOSS 142.25 SELL PCJEWELLER FUTURE BELOW 345 TARGETS 343.65, 342.3 STOPLOSS 347
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