June 18, 2015

Market Closed on Bull Mode:

The market rose over 1% today to end higher for the fifth straight session, after the US Fed, which kept interest rate steady and also indicated that rate hikes would be gradual, eased concerns over slowdown in foreign fund inflows.

Nifty June 2015 futures closed at 8157.55 today at a discount of 17.05 points over spot closing of 8,174.60, while Nifty July 2015 futures ended at 8,177.55 at a premium of 2.95 points over spot closing. Nifty June futures saw an addition of 0.22 million (mn) units, taking the total outstanding open interest (OI) to 15.87 million (mn) units.

Highest open interest has been seen in 8300 and 8500 strike price for call option and in 8000 and 7900 strike price for put option. DISHTV 100 PUT has the highest open interest in buying.

Stock Futures Tips For Tomorrow’s Trading 19th June

Buy IOC 370 Call Above 11 Target-12 and 15, Stoploss- 8

Buy JISLJALEQS 65 Call Above 3, Target- 3.50, 4, Stoploss- 2.25

Buy ADANIPOWER 30 Put Above 3, Target- 3.50, 4, Stoploss- 2.25

Buy JINDALSTEEL 100 Put Above 8, Target- 10, 12, Stoploss- 5