Nifty banknifty and stock tips for 2 Dec. 2013
Nifty Dec. expiry future last closed at 6228 with 80 points gain. In Intraday NIFTY future made low at 6148 while high was at 6243. Total almost 100 points intraday range and closed with gains.
On futures side, 5.03% open interest build up shows strong hands adding longs in market. Option data shows NIFTY 6000 put option closed in red on heavy volume writing and NIFTY 6300 call option closed in green on high volume buying and short covering.
For Monday ,NIFTY future outlook and trend is strong bullish.above 6200 traders must keep buy on dips view and expect target 6280-6330.
Bank nifty Dec. expiry future last closed at 11,290 with gains of 277 points. in intraday BANK NIFTY future hit high at 11,292 while low was at 11,031. Total 250 points intraday range and closed with gains as expected.
On futures side, +10.58% open interest build up shows fresh long added in system. on option side, BANK NIFTY 11,000 put option closed in red on heavy writing and BANK NIFTY 12,000 call option closed with gains as short covering triggers.
For Monday , above 11,200 level keep long view and follow buy on dips strategy. on upside 11450-11650 are upcoming target zones for this Index future.
For today, my pick will be Bharti Airtel Limited share. Today BHARTIARTL stock closed at 326.5 with gain. In Intraday stock hit low at 323.7 while high was at 329.7 and closed near high. for Monday traders can buy BHARTIARTL stock around 323-324 zone with stoploss 318 and expect target 340-345 on upside.