market outlook tomorrow : keep buy and accumulate view

free nifty banknifty stocks intraday tips for tomorrow 13 aug 2015

Nifty Aug future today closed at 8368 with loss of 123 points. In intraday nifty future hit high around 8457 while low was at 8355. My given target of 8355 exactly achieved today. On downside 8280 is next support. 3% plus cut in open interest suggest strong profit booking by investors. Option side, nifty 8500 call option writing seen today. For tomorrow as well as short to medium term view, this market is only for risk takers. And traders must keep buy and accumulate strategy for nifty on decline. Expecting sharp bounce back up to 8540 and above.
Banknifty Aug future today closed at 18153 with loss of 534 points. In intraday banknifty hit high around 18600 while low was at 18054. Total 550 points intraday range and sharp selloff by strong hands. 7.5% open interest addition suggest fresh shorts added in banknifty. Targets of 18300 and 18100 is achieved in single session. Option side, banknifty 19000 call options writing continues. Here risky traders can keep buy and accumulate view for technical bounce back up to 18800.
In nifty 50 stocks, HINDALCO and VEDL lost 7-8% and hit fresh 52 weeks low. In nifty 50 almost 13-14 stock are at 52 weeks low or near them. Suggesting passiveness towards market. While HCLTECH and TECHM rallied as rupee slides. In F&O segment, same are top gainers while HDIL and HINDPETRO lost 8-9%. In buzzing stocks, TVSELECT and RUCHIRA rallied 15-20%.
For tomorrow free intraday tips will be buy COALINDIA stock around 370 with stop loss 360 for target 400.

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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