Market F&O analysis for 30 sep 2014
NIFTY Oct. expiry future last closed at 8008 with 24 points loss. In Intraday NIFTY, future made high at 8038 while low was at 7970. Total almost 70 points intraday range and closed with loss. On futures side, -5.52% open interest cut suggest profit booking before RBI policy. On option side, 7900 put options writing was seen which is strong support on downside. For tomorrow, traders above 7900 keep buy on dips view with strict stop loss below it for target 8050 and above. option traders can buy 7900 call options on decline with same stop loss.
BANKNIFTY Oct. expiry future last closed at 15,550 with loss of 175 points. In intraday BANK NIFTY, future hit high at 15,750 while low was at 15,495. Total 250 points intraday range and closed with loss. On futures, side +0.15% open interest build up suggest short addition. On option side 15,000 call options writing has been seen. For tomorrow, above 15k keep buy on dips view with strict stop loss below it for target 15,850 and above. option traders can buy 15k call options on decline
India VIX active future last closed at 1312 with almost 68 points loss. In intraday NVIX hit high at 1312 while low was at 1301. Total 11 points intraday range and closed with loss. On futures, side 5500 open interest seen. For tomorrow, expect stay short with stop loss 1350.
DLF Limited stock closed at 158 with loss. In intraday stock hit high at 164 while low was near 157. For tomorrow, traders can buy this stock near 155 levels with strict stop loss 148 for targets 166.