Market premarket calls 17 nov 2014
NIFTY Nov. expiry future last closed at 8415 with 35 points gain. In Intraday NIFTY, future made high at 8429 while low was at 8368. Total almost 60 points intraday range and closed with gain. On futures side, -1.09% open interest cut suggest short covering. On option side, 8500 call options writing was seen which is strong resistance. For Monday, traders must stay cautious. From here upside looks limited and correction is due so risky traders can go short near 8500 with stop loss for corrective move.
BANKNIFTY Nov. expiry future last closed at 17670 with gain of 142 points. In intraday BANK NIFTY, future hit high at 17,700 while low was at 17476. Total 225 points intraday range and closed with gain. On futures, side +4.25% open interest build up suggest strong long addition. On option side 18000 call options writing has been seen. For Monday, risky traders can go short near 18k with strict stop loss for corrective move.
India VIX active future closed with no trading activity.
DLF Limited stock closed at 142 with gain. In intraday stock hit high at 143 while low was near 139. For Monday, sell DLF share around 145 with stop loss 150 for target 135.