DSIJ Mindshare

With the Union Budget 2018 just a day away, traders and investors alike are waiting patiently to hear from Finance Minister, Arun Jaitley what his spending plans are for the year ahead. While there are many expectations from the budget, there also many fears that have gripped the market since the pre-budget discussions have taken-off.

Overall volumes in futures & options currently stand at 38.91 lakh contracts with a turnover of Rs. 3,52,935.77 crore.

Arbitrage funds buys shares in cash segment and sell the futures for the same company in the derivative markets as long as they are trading at a reasonable premium. 

Overall volumes in futures & options currently stand at 38.91 lakh contracts with a turnover of Rs. 3,52,935.77 crore.

Going forward, the zone of 10,980-11,000 is a crucial support zone for the index. On the upside, Nifty reacted from the day’s high, i.e. 11,121, and this level may act as a resistance, followed by 11,172. Top stocks to watch out: BEL, KPIT, Syndicate Bank, MIRC Electronics, Welspun Enterprises, Bajaj Auto, Tube Investments of India and Mahindra and Mahindra.