Free nifty banknifty stock tips for 11 July 2014
NIFTY July expiry future last closed at 7543 with 56 points loss. In Intraday NIFTY, future made high at 7754 while low was at 7486. Total almost 270 points intraday range and closed with loss with profit booking. On futures side, +0.1% open interest build up shows fresh short addition. On option side, 7800 call options writing was seen which is upcoming resistance. As expected on budget day, we had seen monstrous volatility of 5-6% for nifty and seen lower levels below 7500 and above 7640, we had seen 120 points rally. For tomorrow, stay short with stop loss of 7620 for target 7500 and 7420 on downside. On the other hand, buy nifty 7800 put options on decline with same stop loss.
BANKNIFTY July expiry future last closed at 14,780 with loss of 237 points. In intraday BANK NIFTY, future hit high at 15,450 while low was at 14,670. Total 850 points intraday wide range and closed with loss. On futures, side -3.51% open interest cut suggests strong short addition. On option side 16,000 call options writing has been seen. For tomorrow, traders stay short with stop loss of 15,050 for target 14,400 and below.
India VIX active future last closed at 1570 with almost 74 points loss. In intraday NVIX hit high at 1603 while low was at 1525. Total 78 points intraday range and closed with loss on profit booking. On futures, side -7.69% open interest cut has been seen. For tomorrow, expect technical bouncing.
Oil & Natural Gas Corporation Limited stock closed at 403.5 with loss. In intraday stock hit high at 415 while low was near 394. For tomorrow, traders can sell this stock near 405-406 levels with strict stop loss 412 for targets 385.