free nifty banknifty stock tips for 14 aug 2015
Nifty Aug future today closed at 8404 with gain of 38 points. As expected nifty recovering from oversold zone and above 8280 spot keep buy and accumulate view here. Today 2% cut in open interest suggest short covering. On option side, nifty 8500 call option writing continues. For tomorrow 8330 and 8280 are support zone as well as fresh long entry zones. On upside target will remain at 8500. Above 8500 expect sharp short covering as well as fresh buying from retails.
Banknifty Aug future today closed at 18319 with gain of 185 points. In intraday banknifty future hit high around 18410 while low was at 18135. Total 300 points intraday range and strong value buying at lower levels from strong hands. 7% cut in open interest suggest strong short covering rally. Option side, 19000 call options writing continues. Here up to 18k levels keep buy and accumulate view for target of 18650. Above 18650 trend will change on bull’s side.
In nifty 50 stocks, VEDL and TATASTEEL are top losers with fresh 52 weeks low. While MNM and CIPLA closed with 3-4% gains. In F&O segment, CEATS and ADANIPORTS rallied 4-5% while JINDALSTEL and RCOM tumbled by 9-12%. In buzzing stocks, NUCLEUS and SYMPHONY rallied by 12-14%.
For tomorrow free stock tips will be buy Kohinoor Foods Limited around 44 with stop loss 42 for target 50.