Market tomorrow predictions-nifty banknifty stocks VIX
NIFTY May expiry future last closed at 7337 with 17 points gain. In Intraday NIFTY, future made high at 7344 while low was at 7303. Total almost 41 points intraday range and closed with gains on some buying. On futures side, -12.25% open interest cut shows short covering. On option side, 7300 put options writing was seen which is downside support for now. For tomorrow traders above 7300 keep long view but if slips below 7300 and sustain then expect expiry near 7200 or below it.
BANKNIFTY May expiry future last closed at 15,195 with gain of 97 points. In intraday BANK NIFTY, future hit high at 15,200 while low was at 15,021. Total 180 points intraday range and closed with gain. On futures, side -0.76% open interest cut shows short covering. On option side 15,000 put options writing has been seen. For tomorrow, 15k is major support and above it keeps long view but slips below it and sustains then expect expiry near 14,500.
India VIX active future last closed at 1857 with almost 83 points loss. In intraday NVIX hit high at 1857 while low was at 1851. Total 6 points intraday range and closed with loss. On futures, side 8250 open interest addition seen. From medium to long-term view, keep and buy accumulate view for vix.
Bharti Airtel Limited stock closed at 342 with gain. In intraday stock hit high at 344 while low was near 334. For tomorrow, traders can sell this stock near 345 levels with strict stop loss 353 for targets 330-328.