Indian stock Market weak due to Derivative expiry, Today future and Option tips
Indian stock Market started with flat note, at 10:15 am BSE SENSEX traded at traded at 20141.65(-0.02%) and NSE Nifty traded at 6099.75(-0.08%).
Key gainers are Tata Motors, Mphasis, Ipca Lab, Godrej industries, United Phosphorus, NMDC, M&M, Ranbaxy and Sunpharma.
Global trend negative, European and American markets closed negative, Asian markets were trading weak.
Foreign institutional investment reduces on Wednesday comparison to 28 May while domestic investment also weak.
Market will remain weak today due to ending of May series future and option contracts.
Nifty future May series traded at 6099.25 gains 0.15%, Option call 6000 traded at 96.70 gain 6.50% and Put down 72.62%.May Series expected to expire at 6100.
Today Future and Option Calls
Sell Tata Motors future June 27 Target 300.00 SL 317, Last traded at 314.00.
Sell Titan industries future June 27 Target 270 SL 306, last traded at 296.75.
Sell ICICI Bank future May 30 Target 1170 SL 1212, last traded at 1193.00
Sell Reliance Call 840 May 30 Target 0.90 SL 9.00.
Sell Axis Bank Put 1450 May 30 Target 0.05 SL 30.30.