Nifty Banknifty and stock tips for 29 November 2013
Nifty Dec. expiry future last closed at 6160 with 44 points gain. In Intraday NIFTY future made low at 6121 while high was at 6176 . Total almost 50 points intraday range and closed with gains.
On futures side, 23.28% open interest rise shows fresh long added in december contracts. Option data shows NIFTY 6100 put option closed in red on high volume writing and 6200 call option closed with gains on high volume buying.
For tomorrow,on NIFTY future above 6150 remain buy and expect intraday target at 6180-6225.
Bank nifty Dec. expiry future last closed at 11,060 with gains of 50 points. in intraday BANK NIFTY future hit high at 11,163 while low was at 10,951. Total 200 points intraday range and closed with gains.
On futures side, +30.38% open interest rise is on rollovers and fresh longs . on option side, BANK NIFTY 11,000 put option closed in red on writing and BANK NIFTY 11,000 call closed with gains.
For tomorrow, traders above 11050 keep long view for target 11250 and above in intraday.
For today, my pick will be Tata Consultancy Services Limited share. Today TCS stock closed at 1986 with gains. In Intraday stock hit low at 1970 while high was at 1996 and closed near high. for tomorrow traders can buy TCS stock around 1980 zone with stoploss 1965 and expect target 2025 + on upside.