free nifty banknifty stocks tips 25 aug 2014
NIFTY Aug. expiry future last closed at 7935 with 33 points gain. In Intraday NIFTY, future made high at 7940 while low was at 7906. Total almost 34 points intraday range and closed with gain with follow up buying. On futures side, -2.16% open interest cut shows trapped short covering. On option side, 8000 call options writing was seen which is upcoming resistance. For Monday, watch 7940 level for fresh medium term breakout for target 8300 in next 1 to 3 month.
BANKNIFTY Aug. expiry future last closed at 15,842 with gain of 170 points. In intraday BANK NIFTY, future hit high at 15,878 while low was at 15,692. Total 180 points intraday range and closed with gain. On futures, side +2.93% open interest build up suggest strong long addition. On option side 16,000 call options writing has been seen. For Monday, above 15,850 stay long for target 16k to 16150. Option traders above 15,850 keep buy and accumulate view for in the money call options for big gains.
The Federal Bank Limited stock closed at 122 with loss. In intraday stock hit high at 125 while low was near 121. For tomorrow, traders can buy this stock near 120-121 levels with strict stop loss 117 for targets 128.