Free Nifty banknifty stocks tips for 6 Aug 2014

Free Nifty banknifty stocks tips for 6 Aug 2014

Free Nifty banknifty stocks tips for 6 Aug 2014

 

NIFTY Aug. expiry future last closed at 7771 with 54 points gain. In Intraday NIFTY, future made high at 7788 while low was at 7655. Total almost 135 points intraday range and closed with gain as expected. On futures side, +2.93% open interest build up suggest long addition. On option side, 7800 call options writing was seen which is upcoming resistance. For tomorrow, traders above 7700 keep buy on dips view for targets 7810 and then 7880. Option traders keep accumulating in the money call options with stop loss.

 

BANKNIFTY Aug. expiry future last closed at 15,387 with gain of 44 points. In intraday BANK NIFTY, future hit high at 15,421 while low was at 15,175. Total 250 points intraday range and closed with gain. On futures, sides +1.53% open interest build up suggest long addition. On option side 16000 call options writing has been seen. For tomorrow, traders stay long with stop loss below 15,200 for target 15,550. Option traders can buy 15,500 call options on decline with same stop loss.

 

India VIX active future last closed at 1394 with almost 82 points loss. In intraday NVIX hit high at 1429 while low was at 1385. Total 44 points intraday range and closed with loss. On futures, side +71.43% open interest addition seen. For tomorrow, below 1400 stay short.

 

Rural Electrification Corporation Limited stock closed at 304 with loss. In intraday stock hit high at 307 while low was near 300. For tomorrow, traders can buy this stock near 300 levels with strict stop loss 294 for targets 325.

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Pramod Baviskar

Professional Market Trader And Owner Of Dalal Street Winners Advisory And Coaching Services. Working Since 2007 And Online Presence Since 2010. We Provide Highly Accurate And Professional 1 Entry And 1 Exit Future, Option, Commodity, Currency And Intraday Stock Tips On Whatsapp With Live Support And Follow Up.
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