Markets attained fresh 52-week closing low with Sensex and Nifty breaching 23,000 and 7,000 levels respectively mirroring slump in the global equities after Fed chair Janet Yellen in a testimony to Congress stated that global economic turmoil and massive sell-off in global equity markets could spook the US economy.
Sensex slumped 807 points to close at 22,952 and the Nifty50 cracked 239 points to end at 6,976, their lowest levels since May 9, 2014. Sensex and Nifty hit an intra-day low of 22,909 and 6,960 mark, respectively today. Moreover, Nifty witnessed a huge fall of 31% from its peak level of 9,119.
Nifty February 2016 futures closed 6993.45 on Thursday at a premium of 17.10 points over spot closing of 6,976.35, while Nifty March 2016 futures ended at 7011.55 at a premium of 35.20 points over spot closing. Nifty February Futures saw addition of 1.09 million (mn) units, taking the total outstanding open interest (OI) to 19.75 million (mn) units.
Highest open interest has been seen in 7300 and 7200 strike price for call option and in 7000 and 7200 strike price for put option.
Stock Future Tips For Tomorrow: 12th Feb
- Sell JetAirways Future below 516.5, Target 511.50, 506.50 and 501.50 level, Stop loss at 526.50
- Sell RIL Infra Future below 398.25, with Stop loss at 408.25, Targets are 393.25, 388.25 and 383.25
- Sell BHEL future below 118.75, Target for Intraday trading are 115.75, 112.75 and 109.75, Stop loss at 124.75