Free Nifty banknifty stock tips for 11 aug 2014
NIFTY Aug. expiry future last closed at 7593 with 76 points loss. In Intraday NIFTY, future made high at 7618 while low was at 7560. Total almost 60 points intraday range and closed with loss with profit booking. On futures side, -6.79% open interest cut shows huge stop loss triggered. On option side, 7700 call options writing was seen which is upcoming resistance. For Monday, traders can stay long in nifty future with strict stop loss below 7550 for target 7700 to 7740. Option traders can buy nifty 7600 call options with same stop loss.
BANKNIFTY Aug. expiry future last closed at 14,809 with loss of 260 points. In intraday BANK NIFTY, future hit high at 14,949 while low was at 14,755. Total 200 points intraday range and closed with loss. On futures, side +7.87% open interest build up suggest strong short addition. On option side 15,500 call options writing has been seen. For Monday, traders stay long with stop loss below 14,600 for target 15,100. Option traders can buy 15,000 call options with same stop loss.
India VIX active future last closed at 1500 with almost 33 points gain. In intraday NVIX hit high at 1520 while low was at 1500. Total 20 points intraday range and closed with gain. On futures, side -13.33% open interest cut seen. For Monday below, 1550 stay short.
Bharat Heavy Electricals Limited stock closed at 220 with loss. In intraday stock hit high at 228 while low was near 219. For tomorrow, traders can buy this stock near 218 levels with strict stop loss 213 for targets 230.