Free nifty banknifty stocks tips for 22 July 2014
NIFTY July expiry future last closed at 7682 with 13 points gain. In Intraday NIFTY, future made high at 7719 while low was at 7675. Total almost 45 points intraday range and closed with gain on follow up buying. On futures side, -0.09% open interest cut shows last hour profit booking. On option side, 7700 call options writing was seen which is upcoming resistance. For tomorrow, traders follow sell on rise view with strict stop loss above 7750 for downside targets and correction. Expect another fresh long move only if nifty successfully gives closing above 7750 with price action and volume until then keep bearish view or stay away.
BANKNIFTY July expiry future last closed at 15,409 with loss of 6 points. In intraday BANK NIFTY, future hit high at 15,577 while low was at 15,377. Total 200 points intraday range and closed with loss. On futures, side -2.82% open interest build cut shows profit booking. On option side 16,000 call options writing has been seen. For tomorrow, traders keep sell on rise view with strict stop loss above 15,650 for downside targets of 15,200 to 15,000. Next fresh long move expect above 15,650 on closing basis with volume action.
India VIX active future last closed at 1498 with almost 17 points loss. In intraday NVIX hit high at 1530 while low was at 1498. Total 32 points intraday range and closed with loss. On futures, side +3.45% open interest addition seen. For tomorrow, expect technical bounce back.
ICICI Bank Limited stock closed at 1483 with gain. In intraday stock hit high at 1496 while low was near 1476. For tomorrow, traders can sell this stock near 1490-1495 levels with strict stop loss 1515 for targets 1450.