Free premarket trading tips for tomorrow 25 june 2015
Nifty June future today closed at 8333 with loss of 44 points. In intraday nifty future hit high around 8418 while low was at 8322 and closed near it with bearish outlook for tomorrow. We today seen sharp supply from resistance area 8420. 4% drop in open interest suggest profit booking near expiry. 8400 call option writing continues. For tomorrow keep bearish view and expect sharp decline in market below 8310 spot. Option traders can buy 8400 put options for intraday. For future traders 8420 is stop loss for short positions.
Banknifty June future today closed at 18304 with loss of 86 points. In intraday banknifty future hit high around 18490 while low was at 18228. Total 275 points intraday range and sharp profit booking in last hour. 17% drop in open interest suggest profit booking near expiry. Option side, 18500 call option writing continues. For tomorrow watch 18240 spot support if banknifty index slips below that then expect sharp selloff. Option traders can use 18500 put options for intraday trading.
In nifty 50, bhel and zeel closed with 4% gains while hindalco and PNB lost 4%. While in F&O market, bhel and zeel were top gainers while SUNTV and JPASSOCIAT were top losers. PERSISTENT tumbled by 12% on weak future outlook. ARIES agro closed with 17% gains on positive news flow.
For tomorrow free stock tips will be for ITC. Sell ITC stock around 316-318 with stop loss 322 for intraday target 305.