free stock market tips for 13 aug 2014
NIFTY Aug. expiry future last closed at 7751 with 110 points gain. In Intraday NIFTY, future made high at 7755 while low was at 7663. Total almost 95 points intraday range and closed with gain. On futures side, +2.74% open interest build up suggest strong long addition. On option side, 7600 put options writing was seen which is support for now. For tomorrow, traders keep long view and buy near 7700-7720 zones only for better best risk reward ratio, with strict stop loss below 7650 for target 7810.
BANKNIFTY Aug. expiry future last closed at 15,130 with gain of 230 points. In intraday BANK NIFTY, future hit high at 15,135 while low was at 14,883. Total 350 points intraday range and closed with gain. On futures, sides +1.73% open interest build up suggest strong log addition. On option side 15,500 call options writing has been seen. For tomorrow, traders buy near 15,000 with stop loss below 15,850 for target 15,300.
India VIX active future last closed at 1347 with almost 58 points loss. In intraday NVIX hit high at 1387 while low was at 1339. Total 50 points intraday range and closed with loss. On futures, side +225% open interest addition seen. For tomorrow, expect downside up to 1290.
Punjab National Bank stock closed at 917 with gain. In intraday stock hit high at 924 while low was near 911. For tomorrow, traders can buy this stock near 905-910 levels with strict stop loss 892 for targets 935.