Nifty Banknifty and stock tips for 29 April 2014

Nifty Banknifty and stock tips for 29 April 2014
Nifty Banknifty and stock tips for 29 April 2014

 

NIFTY May expiry future last closed at 6823 with 4 points loss. In Intraday NIFTY, future made high at 6843 while low was at 6795. Total almost 48points intraday range and closed loss on profit booking. On futures side, +2.71% open interest build up suggest long addition on lower level. On option side, 7200 call options writing was seen which is now resistance as well as target for may expiry if election results comes as expected. For tomorrow, traders keep long view on nifty future and buy it near 6800 with stop loss 6750 for target 6920.

 

BANKNIFTY May expiry future last closed at 13,216 with gain of 82 points. In intraday BANK NIFTY, future hit high at 13,228 while low was at 13,014. Total 200 points intraday range and closed with gain. On futures, side +10.84% open build up shows strong long addition. On option side 14,000 call options writing has been seen which is target for banknifty in May series. For tomorrow, traders keep long view for banknifty future and buy near 13,150-13,200 zones with stop loss below 13k for target 13,550.

 

India VIX active future last closed at 3160 with almost 12 points loss. In intraday NVIX hit high at 3193 while low was at 3160. Total 33 points intraday range and closed with loss. On futures, side +2.22% open interest build up shows fresh short additions. For tomorrow, below 3200 keep sell on rise view.

 

Tata Motors Limited stock closed at 416 with loss. In intraday stock hit high at 423 while low was near 416. For tomorrow, traders can buy this stock near 410-412 level with strict stop loss 404 for targets 435.

Read More :

The Author

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.

COPYRIGHT © 2017. Pramod Baviskar. Dalal street winners advisory and coaching services. FAQ | Disclaimer | Privacy Policy

This website is best viewed using Microsoft Internet Explorer 9 or higher, and/or latest version of Google Chrome and Mozila Firefox browsers.