The mixed trend has seen in the American market. The Dow jones is still on the rise, but due to losing in Tech-shares Nasdaq closed down. S&P 500 index also slipped. Crude oil price is increasing. Today Asian market weak. SGX Nifty is trading with the weakness of 0.7%, while Nikkei is below 170 points. Taking this weak global cues Indian market went down. SENSEX opened below 100 points, however, PSU banks had given support to market initially. But now the market fell, currently the SENSEX down 230 points, trading at 26331.09, Nifty is trading at 8120.30 down 73.10 point.
Today Option Tips
Axis Bank Limited – AXISBANK, Option Call, Expiry 29 Dec 2016, strike price 470, Sell below: 14.38 Targets: 14.31, 14.23, 14.15 Stop loss: 14.46.
State Bank of India – SBIN, Option Call, Expiry 29 Dec 2016, strike price 260, Sell below: 7.70 Targets: 7.69, 7.69, 7.68 Stop loss : 7.71.