Free Nifty banknifty stocks tips for 14 July 2014
NIFTY July expiry future last closed at 7484 with 93 points loss. In Intraday NIFTY, future made high at 7638 while low was at 7466. Total almost 175 points intraday range and closed with loss with follow up sell off. On futures side, +0.64% open interest build up means fresh short addition. On option side, 7700 call options writing was seen which is upcoming resistance. For Monday, traders keep buy on dips view with strict stop loss below 7400 for target 7580 and above. Option traders use 7400 call option to buy and accumulate on decline with strict stop loss as given above.
BANKNIFTY July expiry future last closed at 14,504 with loss of 370 points. In intraday BANK NIFTY, future hit high at 14,994 while low was at 14,460. Total 450 points intraday range and closed with loss. On futures, side -4.22 % open interest cut shows fresh short addition. On option side 15,500 call options writing has been seen. For Monday, traders above 14,200 keep buy on dips view for target 14,650 and above. Option traders keep eye on 14,500 call options for sharp short covering.
India VIX active future last closed at 1551 with almost 19 points loss. In intraday NVIX hit high at 1560 while low was at 1526. Total 34 points intraday range and closed with loss. On futures, side -13.89% open interest cut seen. For Monday, expect some technical bounce back.
Bharat Heavy Electricals Limited stock closed at 222.7 with loss. In intraday stock hit high at 246 while low was near 221. For tomorrow, traders can buy this stock near 220 levels with strict stop loss 215 for targets 238.