free stock market trading tips for 31.12.2014
Nifty future last closed at 8325 with gain of 10 points. In intraday nifty future hit high around 8331 while low was at 8281. Total 50 points intraday range and closed with gain. Nifty option side 8200 put option writing seen and on futures side 1% addition in open interest suggests buying. Here keep sell on rise view with strict stop loss above 8300. For positional short sellers 8390 spot is stop loss. On downside, 8150 to 8000 remain as targets. Option traders can buy next month 8300 put option on decline with stop loss 8390.
Bank nifty future last closed at 18839 with gain of 156 points, in intraday banknifty future recorded high around 18843 while low was around 18542. Total 300 points intraday range and index closed with gain. On option side 19500, call options strong writing seen. On future side, +7.11% additions in open interest suggests buying. For short term below 19100, keep bearish or corrective view for banknifty future with strict stop loss in place.
For tomorrow, our stock pick will be Punjab National Bank. Today PNB stock closed at 220 with loss. In intraday stock made high around 221 while low was around 216. For tomorrow, traders can sell PNB stock around 220, zone with stop loss 226 for target 210+ in intraday.
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