free premarket intraday tips for nifty bank nifty and stocks
Nifty July future today closed at 8537 with gain of 49 points. In intraday nifty future hit high around 8547 while low was at 8389. Total 160 points intraday range and closed with gain as sharp short covering as well as strong hand buying seen in intraday. 2% plus long open interest build up seen. For tomorrow keep long view for target 8580 spot. If gives closing above 8580 then next major target will be 8780 for July series. Keep tight stop loss as daily chart indicators are in overbought state. On option side 8600 call option writing seen which will be nifty intraday resistance for tomorrow.
Bank nifty July expiry future today closed at 18868 with gain of 147 points. In intraday, bank nifty future hit high around 18890 while low was at 18412. Total almost 500 points intraday rally seen after sharp gap down opening. Bulls trapping short sellers and in short term short covering rallies might continue to boost market sentiment. Option side, 19500 call option writing seen which will be strong resistance for short term. Half a percent open interest build up seen today.
In nifty 50 stocks, VEDL and NMDC are top losers while CIPLA and DRREDDY closed with almost 4% gains. In F&O market, ARVIND and BATAINDIA rallied almost 6% plus. While VEDL and NMDC lost 2-3%. In volume buzzers, SUNILHITEC and ELDERPHARM closed with 20% circuit.
For tomorrow, free stock tips will be for GAIL. Buy GAIL stock around 385 with stop loss 380 for intraday target of 395.