Nifty Banknifty BHARTIARTL stock analysis 20 nov 2014
NIFTY Nov. expiry future last closed at 8412 with 40 points loss. In Intraday NIFTY, future made high at 8470 while low was at 8386. Total almost 90 points intraday range and closed with loss. On futures side, -2.76% open interest cut suggest strong profit booking. On option side, 8400 put options writing was seen which is strong support on downside. For tomorrow, keep sell on rise view with strict stop loss above 8500 for downside targets on correction move. Option traders can follow buy and accumulate view for 8600 put options with strict stop loss in place.
BANKNIFTY Nov. expiry future last closed at 17631 with loss of 116 points. In intraday BANK NIFTY, future hit high at 17777 while low was at 17604. Total 180 points intraday range and closed with loss. On futures, side -7.23% open interest cut suggests strong profit booking. On option side 18,000 call options writing has been seen. For tomorrow, keep sell on rise view with strict stop loss above 18k. Option traders can use 18k put options for buy and accumulate with strict stop loss.
India VIX active future closed with no trading activity.
Bharti Airtel Limited stock closed at 399 with gain. In intraday stock hit high at 408 while low was near 395. For tomorrow, traders can sell this stock near 402-405 levels with strict stop loss 410 for targets 390.