Market report 27 June 2014
NIFTY July expiry future last closed at 7538 with 70 points loss. In Intraday NIFTY, future made high at 7660 while low was at 7526. Total almost 134 points intraday range and closed with loss with strong profit booking as expected. On futures side, +30.20% open interest build up suggest short rollover but not so strong. On option side, 7500 put options writing was seen which is upcoming support. For tomorrow, traders can buy nifty future near 7500 with strict stop loss below 7450 for target 7600.
BANKNIFTY July expiry future last closed at 15,224 with loss of 173 points. In intraday BANK NIFTY, future hit high at 15,495 while low was at 15,177. Total 300 points intraday range and closed with loss. On futures, side +78.11% open interest build up suggest strong long rollover. On option side 15,000 put options writing has been seen. For tomorrow, traders can buy banknifty future near 14,900-15,000 with strict stop loss below 14,800 for target 15,300.
India VIX active future last closed at 1960 with almost 40 points loss. In intraday NVIX hit high at 2005 while low was at 1960. Total 45 points intraday range and closed with loss. On futures, side +32.14% open interest addition seen. For tomorrow, below 2000 level keep short view in vix future.
Infosys Limited stock closed at 3190 with loss. In intraday stock hit high at 3235 while low was near 3168. For tomorrow, traders can buy this stock near 3160-3180 levels with strict stop loss 3140 for targets 3300.