market outlook : nifty spot support at 8340

free pre market trading tips for tomorrow 21 aug 2015

Nifty Aug future today closed at 8388 with loss of 118 points. In intraday nifty hit high around 8506 while low was at 8358. Total 145 points intraday range and closing weak heavy loss. 1.7% open interest addition suggest shorts added to market. Nifty 8500 call option writing continues. For tomorrow nifty might test 8340 and below it next support will be at 8160. Medium to long term traders and investors must keep buy and accumulate view on market.
Banknifty Aug future today closed at 18330 with loss of 401 points. In intraday banknifty future hit high around 18743 while low was at 18240. Total 500 points intraday range and closed with loss.14% addition in open interest suggest heavy short addition to index. Banknifty 19000 call options writing continues. For banknifty 18k and then 17560 are major support zones. Tomorrow banknifty might test 18k level. But medium to long term investors must keep buy and accumulate view on decline.
In nifty 50 stocks, YESBANK and CAIRN lost 6-7% while LUPIN and ITC rallies 4-5%. In F&O segment, LUPIN and ITC were top gainers and AMTEKAUTO tumbles again by 31% and IBREALEST lost 9%. In buzzing stocks, NITCO and OMMETALS rallies by 16 and 12%.
For tomorrow, free stock tips will be buy Shivam Autotech Limited stock around 155 with stop loss 145 for target 175.

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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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