Free Nifty Banknifty and stock tips and analysis for 19 February 2014
NIFTY Feb. expiry future last closed at 6131 with 46 points gain. In Intraday NIFTY, future made low at 6082 while high was at 6156. Total almost 75 points intraday range and closed with gain.
On futures side, -3.51% open interest cut suggest sharp short covering. On option side, 6100 call option strong buying was seen today.
Nifty future had given breakout above 6100-6120 zones and now heading towards major zone of 6240-6280. For intraday, traders with long positions must trail stop loss below 6100 for target 6280.
BANKNIFTY Feb. expiry future last closed at 10,557 with loss of 215 points. In intraday BANK NIFTY, future hit high at 10,620 while low was at 10,312. Total 300 points intraday range and closed with gain.
On futures side, +1.27% open interest build up shows fresh buying. On option side, 10,500 call option short covering seen.
Bank nifty future closed above 10,500 so now expect higher targets of 10,750-10,850 with strict stop loss below 10,400.
Bajaj Auto Limited stock closed at 1844 with loss. In intraday stock hit high at 1860 while low was near 1832. For tomorrow, traders can buy this stock around 1830-1835, zone with Stop loss of 1810 and for target 1920 on upsides.