Wednesday 19 November 2014

Dervative market Updates & Technical Recommendation Moneymaker Research Indore


Benchmark share indices came off their fresh record highs to end lower for the secondstraight session on account of profit taking in Index heavyweights. Weakness in theglobal markets also weighed on the bourses.

Nifty November 2014 futures closed at 8409.55 at a premium of 27.25 points over spot closing of 8,382.30, while Nifty December 2014 futures ended at 8456.55 at a premium of 74.25 points over spot closing. Nifty November futures saw contraction of 0.62 million (mn) units, taking the total outstanding open interest (OI) to 21.99 mn units.


Highest open interest has been seen in 8500 and 8400 strike price for call option and in 8000 and 8300 strike price for put option.
- IDFC 160 PUT has the highest open interest in buying.

STOCK RECOMENDATION
# BUY ZEEL 390 CALL ABOVE 10 TARGET- 12, 14 STOPLOSS- 7
# BUY ARVIND 290 CALL ABOVE 13 TARGET- 15, 17 STOPLOSS- 10

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