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Sensex: 33051.1 -124.90 Gold: Rs.30103.00
Nifty: 10164.6 -30.60 Silver: Rs.38221.00
Derivatives outlook and recommendations for 28 Dec' 17 -
Derivatives outlook and recommendations for 28 Dec' 17
Way2wealth | Published: 28 Dec, 2017  | Source :

Indices continued to consolidate in narrow band of 15-20 points for most part of the day in yesterday session. However, in last hour of trades sharp profit booking was seen in banking, realty, power and infra sector that dragged nifty below 10500 levels and finally closed around 10490 down by almost 41 points.

  • Banknifty fut. added fresh short positions in Wednesdays session whereas nifty and nifty IT fut. saw profit booking from higher levels. Nifty fut. shed almost 5.50 lakh shares in OI and closed at 43 points premium to spot nifty.

  • Long unwinding was seen in auto, banking, realty, capital good and metal sector. Major booking was seen in stocks like pidilitind, jet airways, dlf, hdil, jisljaleqs and ceat.

  • Selected buying positions were initiated in stocks like rcom, mindtree,adanipower, voltas, equitas and fortis.

  • Concor, jswenergy, hcc, andhrabank, hindzinc and syndibank saw short accumulation.

Markets are expected to open on positive note on today’s session but on higher side nifty will continue to see stiff resistance around 10540-10580 band. On higher side call writing at 10600 will act as strong supply zone for indices in short term whereas put writing at 10400 will prove as strong support. Being the last day of F&O expiry markets will be quite choppy and stock specific movements will be there as per rollover positions.


Script                  Action      Initiation         Target    SL

APOLLOHOSP     BUY       Above 1212         1250     1190

NMDC‘                BUY       Around 137.25      141      136

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Disclaimer: The author has taken due care and caution to compile and analyse the data. The opinions expressed above are only the views of the author, and not a recommendation to buy or sell. Neither the author nor accept any liability whatsoever arising from the use of any of the above contents.