Nifty Jan. expiry future last closed at 6180 with 5 points loss. In Intraday NIFTY, future made low at 6156 while high was at 6270. Total almost 115 points intraday range and closed with loss.
On futures side, -0.16% open interest shed shows profit booking by strong hands. On option side, 6200 put options and 6300 call options both closed in red on fresh writing.
For tomorrow, traders must keep long view for nifty. Buy near 6140 zone with Stoploss below 6080 and expect 6225-6270 major target zones.
Bank Jan. expiry future last closed at 10,835 with loss of 174 points. In intraday BANK NIFTY, future hit high at 11,116 while low was at 10,810. Total 300 points intraday range and closed with loss.
On futures side, +5.97% open interest build up shows fresh short additions by strong hands. On option side, 10,500 put options closed with gains on buying interest while 11,500 call options closed in red with profit booking as well as fresh writing.
For tomorrow, traders must keep short view for bank nifty future. Sell bank nifty future around 10,950 zones with Stoploss 11,100 and for target 10,700-10,500.
Today Aurobindo Pharma Limited stock closed at 388 with loss. In intraday stock hit high at 401 while closed near low of 386. For tomorrow, traders can sell this stock around 392-395, zone with Stoploss 406 and for target 370-360 on downside. Below 400 levels, expect short-term correction upto 350-340.