Free nifty banknifty stocks tips for 21 July 2014
NIFTY July expiry future last closed at 7668 with 10 points gain. In Intraday NIFTY, future made high at 7692 while low was at 7587. Total almost 100 points intraday range and closed with gain. On futures side, +1.4% open interest build up shows long addition. On option side, 7700 call options writing was seen which is upcoming resistance. For Monday expect strong supply from market in 7700-7750 zone so book profits or stay shorts with stop loss above 7750.
BANKNIFTY July expiry future last closed at 15,417 with gain of 122 points. In intraday BANK NIFTY, future hit high at 15,498 while low was at 15,110. Total 400 points intraday range and closed with gain. On futures, side +2.38% open interest build up suggest strong long addition. On option side 15,500 call options writing has been seen. For Monday, see sharp supply from market in 15,500 to 15,650 zones.
India VIX active future last closed at 1150 with almost 39 points gain. In intraday NVIX hit high at 1564 while low was at 1540. Total 24 points intraday range and closed with gain on sharp short covering. On futures, side +14.29% open interest addition seen. For Monday, expect upside up to 1650.
IDFC Limited stock closed at 163.5 with gain. In intraday stock hit high at 165 while low was near 156. For Monday, traders can sell this stock near 165-166 levels with strict stop loss 170 for targets 154 to 150 rupees.