Market report 23 June 2014
NIFTY June expiry future last closed at 7530 with 30 points loss. In Intraday NIFTY, future made high at 7580 while low was at 7511. Total almost 70 points intraday range and closed with loss with small profit booking. On futures side, -1.74% open interest cut shows profit booking. On option side, 7600 call options writing was seen which is upcoming resistance. For Monday, traders buy nifty future near 7500 with stop loss 7450 for target 7600.
BANKNIFTY June expiry future last closed at 15,066 with loss of 46 points. In intraday BANK NIFTY, future hit high at 15,243 while low was at 15,015. Total 200 points intraday range and closed with gain. On futures, side -4.32% open interest cut shows profit booking. On option side 15,500 call options writing has been seen. For Monday, traders can buy banknifty future near 15k with stop loss below 14,800 for target 15,400 to 15,500.
India VIX active future last closed at 2025 with almost 100 points loss. In intraday NVIX hit high at 2075 while low was at 2025. Total 50 points intraday range and closed with loss on profit booking. On futures, side +60% open interest addition seen. For Monday above below 2060, keep short view.
DLF Limited stock closed at 209 with gain. In intraday stock hit high at 211 while low was near 205. For Monday, traders can buy this stock near 205 levels with strict stop loss 198 for targets 215-220.