Indian stock Market traded rangebound in negative bias on Tuesday. FMCG stocks gained. Political instability and global peers led benchmark indices down. The trading session will remain volatile as trader would try to settle their their position in March future and option series.
Nifty future March, 28 contract traded at 5649.00 with 0.07% gain change in open interest 10.90%.
Nifty Option 5600 call traded at 57.00(-7.24%) change in open interest 41.39%.
Nifty Option 5600 Put traded at 15.80(-24.04%), change in open interest 22.83%.
Sell Hero Motocop future Target 1605/1594/1583 stop loss 1649.
Sell L&T future Target 1346/1337/1328 stop loss 1382.
Buy Ranbaxy future Target 448/452/456 stop loss 432.00.