Free nifty banknifty stocks tips for 7 aug 2014

Free nifty banknifty stocks tips for 7 aug 2014

Free nifty banknifty stocks tips for 7 aug 2014

 

NIFTY Aug. expiry future last closed at 7698 with 75 points loss. In Intraday NIFTY, future made high at 7760 while low was at 7676. Total almost 90 points intraday range and closed with loss with profit booking. On futures side, +4.62% open interest build up suggest strong short addition. On option side, 7800 call options writing was seen which is upcoming resistance. For tomorrow, traders keep bearish view for now and below 7810 keep sell on rise view. This might be start of medium term correction, which is clearly visible on major markets charts. Option traders below 7800 keep accumulating in the money put options with stop loss.

 

BANKNIFTY Aug. expiry future last closed at 15,104 with loss of 274 points. In intraday BANK NIFTY, future hit high at 15,340 while low was at 15,066. Total 300 points intraday range and closed with loss. On futures, side +9.28% open interest build up suggest fresh short addition. On option side 16,000 call options writing has been seen. For tomorrow, traders below 15450 keep sell on rise view for targets 14,900 and then 14,600.

 

India VIX active future last closed at 1520 with almost 61 points gain. In intraday NVIX hit high at 1522 while low was at 1520. Total 2 points intraday range and closed with gain. On futures, side 2,750 open interest addition seen. For tomorrow, expect another short covering bout.

 

Hero MotoCorp Limited stock closed at 2595 with gain. In intraday stock hit high at 2610 while low was near 2526. For tomorrow, traders can sell this stock near 2600-2610 levels with strict stop loss 2645 for targets 2500.

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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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