Free Nifty banknifty stocks tips for 28 July 2014
NIFTY July expiry future last closed at 7783 with 51 points loss. In Intraday NIFTY, future made high at 7832 while low was at 7751. Total almost 75 points intraday range and closed with loss with profit booking. On futures side, -9.73% open interest cut shows sharp profit booking. On option side, 7800 call options writing was seen which is upcoming resistance. For Monday, traders stay bearish with stop loss 7880 and follow sell on rise view for target 7700 and then 7600.
BANKNIFTY July expiry future last closed at 15,376 with loss of 181 points. In intraday BANK NIFTY, future hit high at 15,649 while low was at 15,293. Total 350 points intraday range and closed with loss. On futures, side -2.52% open interest cut suggests profit booking. On option side 15,500 call options writing has been seen. For Monday, traders stay bearish and below 15,650 keep sell on rise view for targets 15,000 to 14,800.
India VIX active future last closed at 1579 with almost 17 points gain. In intraday NVIX hit high at 1587 while low was at 1579. Total 8 points intraday range and closed with gain on short covering. On futures, side -83.87% open interest cut seen. For Monday, expect higher targets of 1650 and above.
IndusInd Bank Limited stock closed at 551 with loss. In intraday stock hit high at 558 while low was near 543. For Monday, traders can sell this stock near 555-556 levels with strict stop loss 564 for targets 540 to 530.