market outlook : as expected panic seen bottom at 7800

free nifty banknifty stocks intraday tips for 25 aug 2015

Nifty Aug future today closed at 7802 with loss of 505 points. In intraday nifty hit high around 8074 while low was at 7771. Total 300 points intraday range and panic selling in market as expected. 10% open interest addition suggest fresh short addition in market. Nifty 8100 call options writing seen today. Here 7800 is level is most important if market sustain below it then expect more panic and margin calls with wide moves in market. But in my view 7800 is buying levels for investors as well as risky opportunistic traders.
Banknifty Aug future today closed at 16690 with loss of 1380 points. In intraday banknifty future hit high at 17499 while low was at 16680. Total 850 points intraday range and closed with loss. 10% cut in open interest shows margin calls triggered in banknifty. Banknifty 17500 call options writing seen today. Here 16500 is final support and buying levels for medium to long term investors.
In nifty 50 stocks we seen complete carnage today. Almost 20 stocks are near or at 52 weeks low reflecting bearishness of the market. Today there is not a single green in nifty 50 while VEDL and GAIL lost 12-15%. In F&O segment, all are losers with AMTEKAUTO and WOCKPHARMA heading with 21-25% loss. There are also todays buzzing stocks.
For tomorrow free intraday tips will be buy HCLTECH stock around 920 with stop loss 900 for target 960.

The Author

Pramod Baviskar

Professional Market Trader And Owner Of Dalal Street Winners Advisory And Coaching Services. Working Since 2007 And Online Presence Since 2010. We Provide Highly Accurate And Professional 1 Entry And 1 Exit Future, Option, Commodity, Currency And Intraday Stock Tips On Whatsapp With Live Support And Follow Up.
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