Free Nifty Banknifty stocks tips for 30 July 2014
Market will remain closed on 29 July 2014 on event of ramzan eid.
NIFTY July expiry future last closed at 7741 with 45 points loss. In Intraday NIFTY, future made high at 7803 while low was at 7721. Total almost 72 points intraday range and closed with loss with profit booking. On futures side, -19.66% open interest cut shows profit booking. On option side, 7800 call options writing was seen which is upcoming resistance. For 30 July 2014, expect technical short covering rally so buy near 7700 with stop loss below 7650 for target 7810.
BANKNIFTY July expiry future last closed at 15,260 with loss of 93 points. In intraday BANK NIFTY, future hit high at 15,425 while low was at 15,170. Total 250 points intraday range and closed with loss. On futures, side -19.00% open interest cut shows profit booking. On option side 15,500 call options writing has been seen. For 30 July 2014, buy bank nifty future near 15,100-15,200 zones with stop loss below 14,900 for target 15,500.
India VIX active future last closed at 1432 with almost 36 points loss. In intraday NVIX hit high at 1480 while low was at 1423. Total 55 points intraday range and closed with loss. On futures, side -10.71% open interest cut seen. For 30 July 2014, keep buy on dips view with strict stop loss in place.
DLF Limited stock closed at 194 with loss. In intraday stock hit high at 205 while low was near 193. For 30 July 2014, traders can buy this stock near 190-192 levels with strict stop loss 187 for targets 202-205.