Free Nifty banknifty stocks tips for 1 Aug 2014

Free Nifty banknifty stocks tips for 1 Aug 2014

Free Nifty banknifty stocks tips for 1 Aug 2014

 

NIFTY Aug. expiry future last closed at 7746 with 80 points loss. In Intraday NIFTY, future made high at 7824 while low was at 7743. Total almost 80 points intraday range and closed with loss with profit booking. On futures side, +32.88% open interest build up suggest strong long rollover. On option side, 8000 call options writing was seen which is upcoming resistance. For tomorrow, traders can stay long in nifty future with strict stop loss below 7710 for target 7790 to 7840. Option traders can buy nifty 7700 call options with same stop loss.

 

BANKNIFTY Aug. expiry future last closed at 15,334 with loss of 228 points. In intraday BANK NIFTY, future hit high at 15,605 while low was at 15,330. Total 300 points intraday range and closed with loss. On futures, side +32.88% open interest build up suggest strong rollovers. On option side 15,000 put options writing has been seen. For tomorrow, traders stay long with stop loss below 15,100 for target 15,550. Option traders can buy 15,500 call options on decline with same stop loss.

 

India VIX active future last closed at 1450 with almost 30 points loss. In intraday NVIX hit high at 1450 while low was at 1420. Total 30 points intraday range and closed with loss. On futures, side +25% open interest addition seen. For tomorrow, watch 1400 major long-term support.

 

Reliance Communications Limited stock closed at 134 with loss. In intraday stock hit high at 138 while low was near 133. For tomorrow, traders can buy this stock near 130-132 levels with strict stop loss 125 for targets 141.

The Author

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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