Free Nifty banknifty ONGC share tips 13 Oct 2014
NIFTY Oct. expiry future last closed at 7892 with 98 points loss. In Intraday NIFTY, future made high at 7948 while low was at 7870. Total almost 80 points intraday range and closed with loss. On futures side, -6% open interest cut suggest fresh short addition. On option side, 8000 put options writing was seen which is strong resistance on upside. For Monday, traders can sell nifty future in range 7910-7920 with stop loss 7960 for target 7800 and then 7750. Option traders can buy 7900 put options on decline with same stop loss for intraday gains.
BANKNIFTY Oct. expiry future last closed at 15,514 with loss of 290 points. In intraday BANK NIFTY, future hit high at 15,735 while low was at 15,462. Total 350 points intraday range and closed with loss. On futures, side -3.76% open cut suggest strong profit booking. On option side 16,000 call options writing has been seen. For Monday, watch 15,500 support zone below it banknifty will once again resume its corrective phase for target 14,800. Main index nifty underperformance may trigger sell off in banknifty index.
India VIX active future last closed at 1444 with almost 155 points gain. In intraday NVIX hit high at 1444 while low was at 1400. Total 44 points intraday range and closed with gain. On futures, side 13,200 open interests seen. For Monday, buy near 1410 with stop loss 1370 for target 1520.
Oil & Natural Gas Corporation Limited stock closed at 404 with loss. In intraday stock hit high at 410 while low was near 403. For Monday, traders can sell this stock near 406-408 levels with strict stop loss 415 for targets 390.