Professional Trading tips by SMS

Nifty Banknifty and stock tips for 10 December 2013

 Nifty Banknifty and stock tips for 10 December 2013

Nifty Dec. expiry future last closed at 6382 with 79 points gain. In Intraday NIFTY future made low at 6375 while high was at 6480. Total almost 105 points intraday range and closed with heavy gain as expected.

On futures side, 13.97% open interest build up suggest strong hands accumulated fresh long positions in market. On option side, fresh writing seen at 6300 put option and act as support for now. 6500-call option closed in green on heavy short covering.

For tomorrow, below 6405 expect a profit booking wave upto 6325-6300.

Bank nifty Dec. expiry future last closed at 12,061 with gains of 250 points. In intraday BANK NIFTY future hit high at 12,350 while low was at 12,061. Total 300 points intraday range and closed with heavy gains.

On futures side, 14.66% open interest build up suggest strong hands accumulated fresh long positions. On option side, 12,000 put options closed with heavy losses on fresh writing and 12,500 call options closed with gains on sharp short covering.

For tomorrow, below 12,200 keep sell on rise view and expect downside upto 11,900.

Today Bharat Petroleum Corporation Limited tock closed at 364.25 with loss. In intraday stock hit high at 374.9 while closed near low of 364. For tomorrow, traders can sell this stock around 370 zone with Stoploss 382 and for target 350 on downside. In short, term BPCL stock may show downside upto 340-330 as crude oil prices are spiking.

Updated: February 21, 2014 — 7:15 PM

The Author

Pramod Baviskar

Professional Financial Market Trader and Adviser Working since 2007 Developer of Trade-master™,Future-master™,Option-master™ and Now Signal-Pro™(Professional Trading system for Amibroker software) Working and Developing Auto-trading robots for various Financial Market. Follow Me on : Facebook-Twitter-Google-YouTube-Pinterest

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