Free Nifty Banknifty stocks tips 16 July 2014

Free Nifty Banknifty stocks tips 16 July 2014

Free Nifty Banknifty stocks tips 16 July 2014

 

NIFTY July expiry future last closed at 7533 with 58 points gain. In Intraday NIFTY, future made high at 7548 while low was at 7467. Total almost 75 points intraday range and closed with gain on sharp short covering. On futures side, +1.58% open interest build up shows long addition. On option side, 7600 call options writing was seen which is upcoming resistance. For tomorrow, traders positions with stop loss below 7500 for target 7580 and then possibly 7640. Best buying levels is in between 7400-7450. Option traders hold long positions in 7400 call options with same stop loss.

 

BANKNIFTY July expiry future last closed at 14,925 with gain of 370 points. In intraday BANK NIFTY, future hit high at 14,974 while low was at 14,588. Total 350 points intraday range and closed with gain. On futures, side +0.51% open interest build up suggest strong long addition. On option side 15,500 call options writing has been seen. For tomorrow, traders with stop loss below 14,700 hold long positions for target 15,200. Option traders can buy 15k call options with same stop loss.

 

India VIX active future last closed at 1476 with almost 105 points loss. In intraday NVIX hit high at 1528 while low was at 1475. Total 55 points intraday range and closed with loss on fresh selling. On futures, side -34.48% open interest cut seen. For tomorrow, below 15k keep bearish view.

 

Hindalco Industries Limited stock closed at 175 with gain. In intraday stock hit high at 176 while low was near 167. For tomorrow, traders can sell this stock near 178-180 levels with strict stop loss 185 for targets 166.

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Pramod Baviskar

Professional Market Trader And Owner Of Dalal Street Winners Advisory And Coaching Services. Working Since 2007 And Online Presence Since 2010. We Provide Highly Accurate And Professional 1 Entry And 1 Exit Future, Option, Commodity, Currency And Intraday Stock Tips On Whatsapp With Live Support And Follow Up.
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