Thursday, 17 August 2017

F&O: August Nifty futures premium narrows

Nifty was trading off its day’s low level as of 1100 hours on Thursday. The index was trading at 9,938 level, up by 40 points. Market observers believe that if the index holds above 9,930 level then it is likely to witness fresh upsurge. Movement in derivatives market is also seen to support this view. Maximum addition of open positions was seen at the strike level of 9,900 followed by 10,200 and 10,000 for call options while at the strike level of 9,900 followed by 9,800 and 9,700 for put options of August series.

BUY NIFTY FUTURE ABOVE 9905 TG 9920, 9940, 9970 SL 9880,


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