nifty bank nifty free tips for 17 sep 2014
NIFTY Sep. expiry future last closed at 7956 with 107 points loss. In Intraday NIFTY, future made high at 8056 while low was at 7952. Total almost 105 points intraday range and closed with loss. On futures side, -3.93% open interest cut shows another strong profit booking by investors. On option side, 8100 call options writing was seen. For tomorrow, traders keep short view on market and keep sell on rise strategy with trailing stop loss at today’s high. Nifty spot is trending towards my given target of 7820-7840. If fed decision comes as expected then expect expiry near or below 7800.
BANKNIFTY Sep. expiry future last closed at 15,871 with loss of 360 points. In intraday BANK NIFTY, future hit high at 16,230 while low was at 15,870. Total 360 points intraday range and closed with loss. On futures, side -2.97% open interest cut suggests strong profit booking by investors. On option side 16,500 call options writing has been seen. For tomorrow, stay short with trailing stop loss at 16,050 for target 15,600 o 15,400.
India VIX active future last closed at 1327 with almost 47 points gain. In intraday NVIX hit high at 1330 while low was at 1310. Total 20 points intraday range and closed with gain. On futures, side +100% open interest addition seen. For tomorrow, stay long with stop loss below 1300.
Housing Development Finance Corporation Limited stock closed at 1016 with loss. In intraday stock hit high at 1040 while low was near 1012. For Monday, traders can sell this stock near 1020-1025 levels with strict stop loss 1045 for targets 980.