Free Nifty banknifty stocks tips for 31 July 2014
NIFTY July expiry future last closed at 7787 with 44 points gain. In Intraday NIFTY, future made high at 7795 while low was at 7711. Total almost 84 points intraday range and closed with gain. On futures side, -18.97% open interest cut shows profit booking. On option side, 7500 call options writing was seen which is upcoming resistance. For tomorrow, traders stay long with stop loss below 7710 for target 7880. I am expecting high volatility towards expiry and expiry above 7850.
BANKNIFTY July expiry future last closed at 15,444 with gain of 213 points. In intraday BANK NIFTY, future hit high at 15,470 while low was at 15,184. Total 300 points intraday range and closed with gain. On futures, side -13.51% open interest cut suggest strong short covering. On option side 15,500 call options writing has been seen. For tomorrow, traders stay long with stop loss below 15,200 for target 15,650.
India VIX active future last closed at 1510 with almost 45 points loss. In intraday NVIX hit high at 1524 while low was at 1500. Total 24 points intraday range and closed with loss. On futures, side +25% open interest addition seen. For tomorrow, below 1550 level keep short view in vix future.
Adani Ports and Special Economic Zone Limited stock closed at 263 with loss. In intraday stock hit high at 268 while low was near 259. For tomorrow, traders can buy this stock near 260 levels with strict stop loss 254 for targets 282.