Muhurat trading 2014
NIFTY Oct. expiry future last closed at 8020 with 74 points gain. In Intraday NIFTY, future made high at 8022 while low was at 7992. Total almost 30 points intraday range and closed with gain. On futures side, +1.88% open interest build up suggest strong long addition. On option side, 8000 call options writing was seen. For tomorrow, on event of muhurat trading traders above 7995 spot keep long view but if opens lower then go short for the day with stop loss above 8020. Option traders can act according to this in ITM options.
BANKNIFTY Oct. expiry future last closed at 16,492 with gain of 30 points. In intraday BANK NIFTY, future hit high at 16,632 while low was at 16401. Total 250 points intraday range and closed with gain. On futures, side -4.41% open interest cut suggests trapped short covering. On option side 16,500 call options writing has been seen. For tomorrow, 16,200 is trailing stop loss for short-term long side traders.
India VIX active future last closed at 1420 with almost 50 points loss. In intraday NVIX hit high at 1420 while low was at 1420. Total 0 points intraday range and closed with loss. On futures, side –100% open interest cut seen. For tomorrow, watch 1400 level support zone.
Bharti Airtel Limited stock closed at 409.45 with loss. In intraday stock hit high at 415 while low was near 407. For muhurat trading 2014, traders can sell this stock near 412 levels with strict stop loss 418 for targets 398.