Intraday Nifty banknifty stock report 26 aug 2014
NIFTY Aug. expiry future last closed at 7914 with 14 points loss. In Intraday NIFTY, future made high at 7979 while low was at 7904. Total almost 75 points intraday range and closed with loss with profit booking. On futures side, -10.67% open interest cut suggest strong profit booking. On option side, 8000 call options writing was seen which is upcoming resistance. For tomorrow, traders below 7940 spot keep bearish view, expect correction, and profit booking. If nifty gives closing above it, 7940 then expect 8300 in medium term with stop loss 7800.
BANKNIFTY Aug. expiry future last closed at 15,703 with loss of 126 points. In intraday BANK NIFTY, future hit high at 15,974 while low was at 15,640. Total 300 points intraday range and closed with loss. On futures, side -12.24% open interest cut suggest strong profit booking. On option side 16,000 put options writing has been seen. For tomorrow, watch 15,650 support level if slips below it then open short for targets 15,450 and below.
India VIX active future last closed at 1449 unchanged. No trading seen in this index today. Ahead expect bounce back from oversold so follow buy and accumulate view with stop loss.
HCL Technologies Limited stock closed at 1599 with gain. In intraday stock hit high at 1618 while low was near 1584. For tomorrow, traders can sell this stock near 1600-1610 levels with strict stop loss 1632 for targets 1540.