Market expiry tips 27 nov 2014
NIFTY Nov. expiry future last closed at 8476 with 10 points gain. In Intraday NIFTY, future made high at 8513 while low was at 8443. Total almost 75 points intraday range and closed with gain. On futures side, -27.82% open interest cut suggest near expiry exit from traders. On option side, 8500 call options writing was seen which is immediate resistance. For tomorrow, keep sell on rise strategy and expect corrective move for futures.
BANKNIFTY Nov. expiry future last closed at 17,989 with loss of 83 points. In intraday BANK NIFTY, future hit high at 18154 while low was at 17905. Total 250 points intraday range and closed with loss. On futures, side -7.86% open interest cut suggest near expiry positions exits as well as profit booking. On option side 18,100 call options writing has been seen. For tomorrow, keep sell on rise view for bank nifty future with strict stop loss in place.
India VIX active future closed with no trading activity.
Bharat Heavy Electricals Limited stock closed at 271.5 with gain. In intraday stock hit high at 273 while low was near 263. For tomorrow, traders can sell this stock near 275 levels with strict stop loss 280 for targets 265.