Free nifty banknifty stocks tips for 8 aug 2014
NIFTY Aug. expiry future last closed at 7678 with 13 points loss. In Intraday NIFTY, future made high at 7750 while low was at 7650. Total almost 100 points intraday range and closed with loss with profit booking. On futures side, -4.65% open interest cut shows profit booking on bounce back. On option side, 77000 call options writing was seen which is upcoming resistance. For tomorrow, traders can take contra view and buy nifty future near 7600 with stop loss below 7550 for target 7750 and then 7810.
BANKNIFTY Aug. expiry future last closed at 15,075 with loss of 18 points. In intraday BANK NIFTY, future hit high at 15,216 while low was at 15,026. Total 200 points intraday range and closed with loss. On futures, side -1.53% open interest cut shows profit booking. On option side 16,000 call options writing has been seen. For tomorrow, traders can buy banknifty below 15,000 with stop loss for target 15,300.
India VIX active future last closed at 1520 with almost 0 points loss. In intraday NVIX hit high at 1520 while low was at 1510. Total 10 points intraday range and closed flat. On futures, side +40% open interest addition seen. For tomorrow, below 1550 stay short.
Punjab National Bank stock closed at 924 with loss. In intraday stock hit high at 956 while low was near 922. For tomorrow, traders can buy this stock near 910-920 levels with strict stop loss 895 for targets 960.