Free nifty banknifty stock tips for 19 aug 2014
NIFTY Aug. expiry future last closed at 7872 with 69 points gain. In Intraday NIFTY, future made high at 7887 while low was at 7772. Total almost 115 points intraday range and closed with gain on another sharp short covering. On futures side, +4.45% open interest build up suggest strong long addition. On option side, 7900 call options writing was seen which is upcoming resistance. For tomorrow, traders stay long but with cautious view. On downside, 7840 is trailing stop loss for short-term traders and 7810 is stop loss for medium term traders.
BANKNIFTY Aug. expiry future last closed at 15,455 with gain of 332 points. In intraday BANK NIFTY, future hit high at 15,468 while low was at 15,060. Total 400 points intraday range and closed with gain. On futures, side +14.62% open interest build up suggest long addition. On option side 15,500 put options writing has been seen. For tomorrow, traders trail tight stop loss at 15,350 for target 15,550 to 15,650.
India VIX active future last closed at 1365 with almost 55 points loss. In intraday NVIX hit high at 1365 while low was at 1365. Total 0 points intraday range and closed with loss. On futures, side 2200 open interest addition seen. For tomorrow, expect bounce back from oversold zone.
Dr. Reddy’s Laboratories Limited stock closed at 2770 with gain. In intraday stock hit high at 2782 while low was near 2742. For tomorrow, traders can sell this stock near 2780-2790 levels with strict stop loss 2820 for targets 2700.