Free Nifty Banknifty stocks tips for 25 July 2014
Nifty July expiry future last closed at 7833 with 42 points gain. In Intraday NIFTY, future made high at 7839 while low was at 7762. Total almost 75 points intraday range and closed with gain on last hour short covering. On futures side, -2.2% open interest cut shows trapped traders short covering. On option side, 7800 call options writing was seen which is now act as strong support. For tomorrow, traders stay cautious and risky traders can hold longs with stop loss below 7790 for target 7910. Expect strong supply from market from now.
Banknifty July expiry future last closed at 15,569 with gain of 75 points. In intraday BANK NIFTY, future hit high at 15,589 while low was at 15,406. Total 190 points intraday range and closed with gain. On futures, side -7.92% open interest cut shows trapped traders short covering panic. On option side 16,000 call options writing has been seen. For tomorrow, traders stay cautious and risky traders can hold long with stop loss below 15,400 for target 15,650 and above.
India VIX active future last closed at 1588 with almost 8 points gain. In intraday NVIX hit high at 1594 while low was at 1551. Total 40 points intraday range and closed with gain on sharp short covering. On futures, side +675% open interest addition seen. For tomorrow, above 1500 keep buy on dips view.
Cairn India Limited stock closed at 322 with loss. In intraday stock hit high at 334 while low was near 321. For tomorrow, traders can buy this stock near 320-322 levels with strict stop loss 314 for targets 335.