Dervative market Updates & Technical Recommendation Moneymaker Research Indore

Benchmark share indices came off their fresh record highs to end lower for the secondstraight session on account of profit taking in Index heavyweights. Weakness in theglobal markets also weighed on the bourses.

Nifty November 2014 futures closed at 8409.55 at a premium of 27.25 points over spot closing of 8,382.30, while Nifty December 2014 futures ended at 8456.55 at a premium of 74.25 points over spot closing. Nifty November futures saw contraction of 0.62 million (mn) units, taking the total outstanding open interest (OI) to 21.99 mn units.

Highest open interest has been seen in 8500 and 8400 strike price for call option and in 8000 and 8300 strike price for put option.

- IDFC 160 PUT has the highest open interest in buying.

STOCK RECOMENDATION

# BUY ZEEL 390 CALL ABOVE 10 TARGET- 12, 14 STOPLOSS- 7

# BUY ARVIND 290 CALL ABOVE 13 TARGET- 15, 17 STOPLOSS- 10

MCX Natural Gas

MCX Natural gas 24NOV2014 Sell below 247 target 239.06 stop loss
252.63. 

MCX Commodity Tips

NCDEX Chana edges higher on steady demand and lower supply @ Sell Chana By Moneymaker Tips

Chana December futures on NCDEX traded bullish in yesterday’s trading session. It was trading near Rs. 3250 per quintal, but declined in the last trading hour on profit booking and closed at Rs. 3211 per quintal. We can expect a minor correction in prices in today’s session. Prices may touch Rs. 3170 per quintal.

Investment advice: intraday & psoptional trader can NCDEX Chana near at 3300 to 3250 targets 3100, 2975 stop loss 3421.