Nifty banknifty AMBUJACEM stock view for 6 Jan 2015

premarket view for 6 Jan 2015

Nifty future last closed at 8423 with loss of 35 points. In intraday nifty future hit high around 8492 while low was at 8406. Total 90 points intraday range and closed with loss. Nifty option side 8500 call option writing seen and on futures side -3.6% cut suggests profit booking. Nifty given bullish breakout but not sustained so traders here keep sell on rise view with strict stop loss just above today’s high. Option traders can buy 8500 put option on decline with same stop loss.

Bank nifty future last closed at 19140 with loss of 77 points, in intraday banknifty future recorded high around 19281 while low was around 19110. Total 180 points intraday range and closed with loss on sharp profit booking. On option side 19500, call options strong writing seen. On future side, +0.16 % additions in open interest suggests buying. Here expect correction and for that follow sell on rise view with strict stop loss 19300. Option traders can buy 19200 put options with same stop loss.

For tomorrow, our stock pick will be Ambuja Cements Limited. Today AMBUJACEM stock closed at 231 with loss. In intraday stock made high around 233 while low was around 229. For tomorrow, traders can sell AMBUJACEM stock around 233-235, zone with stop loss 240 for target 220+ in intraday.

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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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