free nifty banknifty stock tips for 12 aug 2014
NIFTY Aug. expiry future last closed at 7644 with 53 points gain. In Intraday NIFTY, future made high at 7651 while low was at 7611. Total almost 40 points intraday range and closed with gain. On futures side, +2.56% open interest build up suggest fresh buying. On option side, 7700 call options writing was seen which is upcoming resistance. For tomorrow, traders can stay long in nifty future with strict stop loss below 7590 for target 7710 and then 7840. Option traders watch on next months out of the money call options.
BANKNIFTY Aug. expiry future last closed at 14,890 with gain of 71 points. In intraday BANK NIFTY, future hit high at 14,952 while low was at 14,851. Total 100 points intraday range and closed with gain. On futures, side -2.29% open interest build up suggest long addition. On option side 15,500 call options writing has been seen. For tomorrow, traders stay long with stop loss below 14,700 for target 15,200. Option traders can buy 15,000 call options on decline with same stop loss.
India VIX active future last closed at 1405 with almost 95 points loss. In intraday NVIX hit high at 1425 while low was at 1405. Total 20 points intraday range and closed with loss. On futures, side -7.69% open interest cut seen. For tomorrow, expect downside.
Tata Power Company Limited stock closed at 91 with loss. In intraday stock hit high at 92 while low was near 90. For tomorrow, traders can buy this stock near 89-90 levels with strict stop loss 87 for targets 96 to 98.