Nifty banknifty BHEL trading tips 14 nov 2014
NIFTY Nov. expiry future last closed at 8384 with 35 points loss. In Intraday NIFTY, future made high at 8431 while low was at 8350. Total almost 80 points intraday range and closed with loss. On futures side, -2.83% open interest cut suggest profit-booking pressure. On option side, 8400 call options writing was seen which is strong resistance. For tomorrow, buy nifty near 8300 with stop loss 8250 for target 8380 and then possibly 8450 for short term or swing traders.
BANKNIFTY Nov. expiry future last closed at 17515with loss of 165 points. In intraday BANK NIFTY, future hit high at 17735 while low was at 17464. Total 350 points intraday range and closed with loss. On futures, side -8.67% open interest cut suggests strong profit booking. On option side 18000 call options writing has been seen. For tomorrow, buy bank nifty future in 17200-17300 range with stop loss for upside targets.
India VIX active future closed with no trading activity.
Bharat Heavy Electricals Limited stock closed at 247 with loss. In intraday stock hit high at 253 while low was near 245. For tomorrow, traders can buy this stock near 245 levels with strict stop loss 240 for targets 255.