free nifty bank nifty stock tips for 8 july 2015
Nifty July future today closed at 8525 with loss of 12 points. In intraday, nifty hit high around 8561, target of 8580 is almost achieved. On downside hit intraday low of 8481.almost 5% change in open interest suggest fresh short added at top. Option side, 8600 call option writing continues. For tomorrow keep corrective view for nifty future and sell it near 8600 levels with stop loss for target 8350. Correction might hit market on weak global news flows.
Bank nifty July future today closed at 18820 with loss of 40 points. Bank nifty fut intraday high was at 18996 while intraday low was at 18702. Total almost 300 points intraday swing was seen today. 3% cut in open interest suggest traders booked profits at top. Option side 19500 call option writing continues. For tomorrow keep short view on banknifty for target 18600. In short to medium term correction might take banknifty up to 18k levels. Expect high volatility in market in July series for both indices.
In nifty 50 stocks, VEDL and HCLTECH are today’s top losers with loss of 4%. While ASIANPAINT rallies 6% on cheap crude oil and CIL hit fresh high.in F&O market, L&TFH and MCLEODRUSS are top gainers with 7 to 8% gains. While ENGINERSIN and HCLTECH lost 3-4%. In price and volume buzzers, ZODIACLOTH and KWALITY closed with 20% circuit.
For tomorrow, free intraday tips will be for TATAMOTORS. Sell TAMO stock around 435 with stop loss 445 for target 410 in intraday.