Free market tips 4 June 2014

Free market tips 4 June 2014

Free market tips 4 June 2014


NIFTY June expiry future last closed at 7422 with 52 points gain. In Intraday NIFTY, future made high at 7434 while low was at 7377. Total almost 65 points intraday range, closed gains at fresh high, and achieved my given target. On futures side, -3.96% open interest cut shows trapped shorts covering. On option side, 7500 call options writing was seen which is upcoming resistance. For tomorrow traders buy nifty future around 7395-7390 stop loss 7350 target 7480.


BANKNIFTY June expiry future last closed at 15,205 with loss of 72 points. In intraday BANK NIFTY, future hit high at 15,390 while low was at 15,111. Total 300 points intraday range and closed with loss. On futures, side -3.58% open interest cut suggests profit-booking pressure on index. On option side 15,500 call options writing has been seen. For tomorrow, traders watch 15,250 as strong resistance as well as breakout points and if get above it then buy with stop loss 15,150 for target 15,500.


India VIX active future last closed at 1580 with almost 108 points loss. In intraday NVIX hit high at 1650 while low was at 1577. Total 73 points intraday range and closed with loss with fresh short addition. On futures, side +82.35% open interest addition seen. For tomorrow, below 1600 level hold shorts positions.


The Federal Bank Limited stock closed at 116 with loss. In intraday stock hit high at 119 while low was near 115. For tomorrow, traders can buy this stock near 113-115 levels with strict stop loss 108 for targets 128.

The Author

Pramod Baviskar

Professional Market Trader And Owner Of Dalal Street Winners Advisory And Coaching Services. Working Since 2007 And Online Presence Since 2010. We Provide Highly Accurate And Professional 1 Entry And 1 Exit Future, Option, Commodity, Currency And Intraday Stock Tips On Whatsapp With Live Support And Follow Up.
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