Nifty banknifty BHEL stock tips 11 nov 2014

Nifty banknifty BHEL stock tips 11 nov 2014

NIFTY Nov. expiry future last closed at 8384 with 4 points gain. In Intraday NIFTY, future made high at 8416 while low was at 8337. Total almost 79 points intraday range and closed with gain. On futures side, +0.22% open interest build up suggest strong long addition. On option side, 8400 call options writing was seen which is strong resistance. For tomorrow, buy nifty future near 8300 for better risk reward ratio for targets 8450 and above. Option traders can buy 8300 call options on decline with strict stop loss in place.

BANKNIFTY Nov. expiry future last closed at 17382 with loss of 75 points. In intraday BANK NIFTY, future hit high at 17520 while low was at 17300. Total 220 points intraday range and closed with loss. On futures, side -3.83% open interest cut suggests profit booking. On option side 18000 call options writing has been seen. For tomorrow, buy near 17200 with strict stop loss.

India VIX active future closed at 1425 with 20 points gain. With 0 points range we had seen 100% open interest change. Here above expect upside up to 1480.

Bharat Heavy Electricals Limited stock closed at 249 with gain. In intraday stock hit high at 256 while low was near 248. For tomorrow, traders can sell this stock near 252 levels with strict stop loss 258 for targets 240.

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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.
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