Free nifty banknifty stock tips for 20 aug 2014
NIFTY Aug. expiry future last closed at 7907 with 30 points gain. In Intraday NIFTY, future made high at 7924 while low was at 7888. Total almost 36 points intraday range and closed with gain. On futures side, +1.29% open interest build up suggest strong long addition. On option side, 8000 call options writing was seen which is upcoming resistance. For tomorrow, traders can keep long view for intraday while risky short-term traders here must follow sell on rise strategy with stop loss and expect a deep correction ahead.
BANKNIFTY Aug. expiry future last closed at 15,531 with gain of 83 points. In intraday BANK NIFTY, future hit high at 15,640 while low was at 15,476. Total 150 points intraday range and closed with gain. On futures, side +3.59% open interest build up suggest long addition. On option side 16,000 call options writing has been seen. For tomorrow, traders trail stop loss at 15,400 and expect targets as well as strong resistances at 15,650 and then 15,850.
India VIX active future last closed at 1390 with almost 26 points gain. In intraday NVIX hit high at 1405 while low was at 1347. Total 58 points intraday range and closed with gain. On futures, side +525% open interest addition seen. For tomorrow, expect extension of this bounce back.
Bharti Airtel Limited stock closed at 376 with gain. In intraday stock hit high at 384 while low was near 375. For tomorrow, traders can buy this stock near 380 levels with strict stop loss 390 for targets 360 to 350.