Free Nifty banknifty stocks tips for 4 Aug 2014
NIFTY Aug. expiry future last closed at 7624 with 127 points loss. In Intraday NIFTY, future made high at 7745 while low was at 7611. Total almost 135 points intraday range and closed huge loss with fresh short selling. On futures side, -5.83% open interest cut shows long traders stop loss triggered. On option side, 7600 put options writing was seen which is support for now. For Monday, expect short covering rally as index is deeply oversold on intraday chart.
BANKNIFTY Aug. expiry future last closed at 15,240 with loss of 126 points. In intraday BANK NIFTY, future hit high at 15,505 while low was at 15,160. Total 335000 points intraday range and closed with loss. On futures, side +3.98% open interest build up suggest long addition. On option side 16,000 call options writing has been seen. For Monday, expect short covering as well as value buying.
India VIX active future last closed at 1525 with almost 75 points gain. In intraday NVIX hit high at 1538 while low was at 1450. Total 88 points intraday range and closed with gain. On futures, side +5% open interest addition seen. For Monday, expect higher side up to 1580.
Bharat Heavy Electricals Limited stock closed at 224 with loss. In intraday stock hit high at 231 while low was near 223. For Monday, traders can buy bhel stock around 220-222 zone with stop loss 215 for target 230+.