Market report 20 June 2014
NIFTY June expiry future last closed at 7557 with 12 points loss. In Intraday NIFTY, future made high at 7617 while low was at 7520. Total almost 100 points intraday range and closed with loss with small profit booking. On futures side, +0.61% open interest building suggesting fresh short addition. On option side, 7600 call options writing was seen which is upcoming resistance. For tomorrow, traders can buy nifty future near 7500 with stop loss 7450 for target 7600 plus in next week.
BANKNIFTY June expiry future last closed at 15,122 with loss of 130 points. In intraday BANK NIFTY, future hit high at 15,345 while low was at 14,986. Total 350 points intraday range and closed with loss. On futures, side -2.94% open interest cut shows profit booking. On option side 15,000 put options writing has been seen. For tomorrow, traders can buy banknifty future near 15k with stop loss 14,800 for positional target 15,500.
India VIX active future last closed at 2050 with almost 20 points gain. In intraday NVIX hit high at 2050 while low was at 2050. Total 0 points intraday range and closed with gain on sharp short covering. On futures, side 10,500 open interest addition seen. For tomorrow, below 2100 level keep short view in vix future.
IDFC Limited stock closed at 129.4 with gain. In intraday stock hit high at 130 while low was near 128. For tomorrow, traders can buy this stock near 128 levels with strict stop loss 124 for targets 135-136.