Free Nifty banknifty stocks tips for 24 July 2014
NIFTY July expiry future last closed at 7789 with 21 points gain. In Intraday NIFTY, future made high at 7806 while low was at 7746. Total almost 60 points intraday range and closed with gain on follow up buying. On futures side, +2.58% open interest build up shows buying. On option side, 7800 call options writing was seen which is upcoming resistance. For tomorrow, traders can buy nifty future above 7800 level only with stop loss 7760 for target 7850 and then 7910. Below it, expect correction or consolidation.
BANKNIFTY July expiry future last closed at 15,511 with gain of 61 points. In intraday BANK NIFTY, future hit high at 15,660 while low was at 15,405. Total 260 points intraday range and closed with gain. On futures, side -1.10% open interest cut shows short covering from trapped traders. On option side 16,000 call options writing has been seen. For tomorrow, traders above 15,400 keep buy on dips view for target 15,650 and above.
India VIX active future last closed at 1510 with almost 0 points gain. In intraday NVIX hit high at 1518 while low was at 1491. Total 27 points intraday range and closed flat. On futures, side +17.65% open interest addition seen. For tomorrow, expect technical bounce back.
Reliance Industries Limited stock closed at 1031 with gain. In intraday stock hit high at 1039 while low was near 1021. For tomorrow, traders can sell this stock near 1035-1040 levels with strict stop loss 1052 for targets 1020 to 1010.