Nifty banknifty ACC stock tips 9 Oct 2014

Nifty banknifty ACC stock tips 9 Oct 2014

NIFTY Oct. expiry future last closed at 7896 with 6 points gain. In Intraday NIFTY, future made high at 7919 while low was at 7855. Total almost 65 points intraday range and closed with gain. On futures side, +0.31% open interest build up suggest long addition. On option side, 8000 call options writing was seen which is strong resistance. For tomorrow, traders sell nifty future around 7920-7950 with stop loss 8020 for target 7850 and below. Option traders keep buy on decline strategy for 8000 put options with strict stop loss in place.

BANKNIFTY Oct. expiry future last closed at 15,445 with gain of 184 points. In intraday BANK NIFTY, future hit high at 15471 while low was at 15,180. Total 300 points intraday range and closed with gain. On futures, sides +1.1% open interest build up suggest long addition. On option side 16,000 call options writing has been seen. For tomorrow, stay short with stop loss 15650 for downside targets of 15,200 and below. Option traders can buy 15,500 put options on decline.

India VIX active future has no trading action for the day.

ACC Limited stock closed at 1384 with gain. In intraday stock hit high at 1385 while low was near 1357. For tomorrow, traders can sell this stock near 1390-1400 levels with strict stop loss 1420 for targets 1350.

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Pramod Baviskar

Professional Market Trader And Owner Of Dalal Street Winners Advisory And Coaching Services. Working Since 2007 And Online Presence Since 2010. We Provide Highly Accurate And Professional 1 Entry And 1 Exit Future, Option, Commodity, Currency And Intraday Stock Tips On Whatsapp With Live Support And Follow Up.
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