The market started off week on a negative note, continuing its downtrend for fourth consecutive session on Monday despite positive global cues. Oil, auto and select FMCG stocks dragged the market while private banking & financials provided support Nifty December 2015 futures closed at 7808.80 on Monday at a premium of 43.40 points over spot closing of 7,765.40, while Nifty January 2016 futures ended at 7847.20 at a premium of 81.80 points over spot closing. Nifty December futures saw contraction of 0.20 million (mn) units, taking the total outstanding open interest (OI) to 19.35 million (mn) units.
Highest open interest has been seen in 8000 and 7900 strike price for call option and in 8000 and 7600 strike price for put option.
Stock Futures Calls Tomorrow
Buy VOLTAS Future above 295.5 and targets are 298.5, 301.5 and 304.5, Put stop loss at 289.5
Sell ITC Future below 314.5, Targets 310.5, 306.5 and 302.5, Put stop loss at 322.5 level.
Buy Cipla 640 Call above 24, Targets are 27, 30 and 33. Put Stop loss at 18 for Intraday trading.
Get more Trading Calls For Intraday and Positional from Here- Stock Market Tips
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