free nifty banknifty stocks intraday tips for 18 aug 2015
Nifty Aug future today closed at 8485 with loss of 58 points. In intraday nifty hit high around 8540 while low was at 8411. Total 130 points intraday range and index closed with loss on profit booking. Almost 4% drop in open interest support it. Option side, nifty 8600 call option writing seen. For tomorrow below 8500 spot keep bearish view for market and expect lower levels up to 8420 and below.
Banknifty Aug future today closed at 18825 with gain of 33 points. Today banknifty fut hit high around 18939 while intraday low was at 18611. Total 300 points intraday range and outperformance by banknifty index on recapitalization news.2% plus open interest cut suggest short covering continue here. Option side, 19000 call options writing seen. For tomorrow above 18600 keep buy on dips view for this index future.
In nifty 50 stocks, BANKBARODA rallies 15% and TATASTEEL bounced back with 5% gains. While CIPLA and ZEEL lost 3-5% on profit booking. In F&O segment, BANKBARODA and CANBK zooms by 12-15% and KSCL and AMTEKAUTO lost 16 to 13%. In buzzing stocks, JUBLINDS and RAMCOIND closed with 18-20% gains.
For tomorrow free intraday tips will be buy ICICI BANK stock around 300 with stoploss 294 for target 315+.