Free nifty banknifty stocks tips for 17 July 2014
NIFTY July expiry future last closed at 7660 with 122 points gain. In Intraday NIFTY, future made high at 7662 while low was at 7535. Total almost 130 points intraday range and closed with strong gains on buying as well as short covering. On futures side, +1.14% open interest build up shows strong long addition. On option side, 7500 call options writing was seen which is support for now. For tomorrow, traders trail stop los below 7620 and hold long view for target 7710. option traders holds 7400 call options with same stop loss.
BANKNIFTY July expiry future last closed at 15,340 with gain of 401 points. In intraday BANK NIFTY, future hit high at 15,345 while low was at 15,012. Total 350 points intraday range and closed with gain. On futures, side +8.4% open interest build up suggest strong long addition. On option side 15,500 call options writing has been seen. For tomorrow, traders trail stop loss below 15,150 and hold longs for target 15,550 and above positional. Option traders hold 15k call options for more gains with strict trailing stop loss.
India VIX active future last closed at 1529 with almost 14 points loss. In intraday NVIX hit high at 1530 while low was at 1515. Total 15 points intraday range and closed with loss. On futures, side +133% open interest addition seen. For tomorrow, stay short with stop loss 1580.
Wipro Limited stock closed at 535 flat. In intraday stock hit high at 539 while low was near 532. For tomorrow, traders can buy this stock near 530 levels with strict stop loss 520 for targets 555.