ICICIdirect's derivative report:
continued its positive streak for a third day in a row. However, towards the end, it was unable to end with higher gains and ended only 15 points up. Nifty futures premium settled at 30 point. India VIX fell 1.9 percent to 17.7.
FIIs sold Rs 715 crore while DIIs bought Rs 534 crore in the cash segment. FIIs bought Rs 615 crore in index futures and Rs 1426 crore in index options. In stock futures, they bought Rs 833 crore.
The highest Put base is at the 8000 strike with 72 lakh shares while the highest Call base is at the 8300 strike with 43 lakh shares. The 8300 and 8200 Call strikes saw additions of 5.0 and 5.6 lakh shares, respectively while the 8200 and 8100 Put strikes saw additions of 8.3 and 4.7 lakh shares, respectively.Nifty Future:
The Nifty is likely to open flat on the back of mixed global cues. Buy Nifty in the range of 8145-8155 for targets of 8205, stop loss: 8124.Bank Nifty Future:
The index again gave up gain s from 18500 and ended almost flat. Looking at the option data, we feel the index has strong support near 18000 and a bounce can be seen till the index holds above this level. Buy Bank Nifty in the range of 18150-18200, targets: 18300-18400, stop loss: 18060.Disclaimer
: The views and investment tips expressed by investment experts/astrologers on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.