Free nifty banknifty stock tips 22 aug 2014
NIFTY Aug. expiry future last closed at 7905 with 15 points gain. In Intraday NIFTY, future made high at 7937 while low was at 7867. Total almost 70 points intraday range and closed with gain. On futures side, -2.56% open interest cut suggest short covering on lower levels. On option side, 8000 call options writing was seen which is upcoming resistance. For tomorrow, small traders keep wait and watch strategy while risky traders keep short view and follow sell on rise with stop loss 7960. If nifty spot gives closing above 7940 then expect medium term targets at 8300. Until then correction and consolidation is due and expected.
BANKNIFTY Aug. expiry future last closed at 15,682 with gain of 166 points. In intraday BANK NIFTY, future hit high at 15,738 while low was at 15,466. Total 300 points intraday range and closed with gain. On futures, side +9% open interest build up suggest strong follow up buying. On option side 16,000 put options writing has been seen. For tomorrow, traders watch 15,850 resistances while risky traders stay short with stop loss above it for correction move.
India VIX active future last closed at 1382 with almost 25 points loss. In intraday NVIX hit high at 1390 while low was at 1375. Total 15 points intraday range and closed with loss. On futures, side +25% open interest addition seen. From medium to long-term view, investors must start buy and accumulate view here.
Exide Industries Limited stock closed at 167 with gain. In intraday stock hit high at 172 while low was near 162. For tomorrow, traders can buy this stock near 163-164 levels with strict stop loss 160 for targets 176.