Free Nifty banknifty stocks tips for 15 July 2014
NIFTY July expiry future last closed at 7482 with 3 points gain. In Intraday NIFTY, future made high at 7505 while low was at 7445. Total almost 60 points intraday range and closed gain on short covering. On futures side, +3.24% open interest cut build up shows some buying. On option side, 7600 call options writing was seen which is upcoming resistance. For tomorrow, traders can follow buy on dips view and use 7400-7450 zones for buying and accumulation with stop loss below 7350 for target 7580 and above in short time. Option traders can use 7400 call options for it.
BANKNIFTY July expiry future last closed at 14,568 with gain of 68 points. In intraday BANK NIFTY, future hit high at 14,628 while low was at 14,405. Total 225 points intraday range and closed with gain. On futures, side -0.11% open interest cut shows some short covering. On option side 15,000 call options writing has been seen. For tomorrow, traders follow buy on dips view and buy near 14,300-14,450 with stop loss below 14,200 for target 14,800 to 14,900.
India VIX active future last closed at 1580 with almost 5 points gain. In intraday NVIX hit high at 1601 while low was at 1580. Total 21 points intraday range and closed with gain. On futures, side +24% open interest addition seen. For tomorrow, expect some technical short covering.
Bharat Petroleum Corporation Limited stock closed at 568 with gain. In intraday stock hit high at 577 while low was near 565. For tomorrow, traders can buy this stock near 560-564 levels with strict stop loss 544 for targets 600.