Nifty banknifty BPCL stock predictions 12 nov 2014

Nifty banknifty BPCL stock predictions 12 nov 2014

NIFTY Nov. expiry future last closed at 8398 with 20 points gain. In Intraday NIFTY, future made high at 8407 while low was at 8352. Total almost 60 points intraday range and closed with gain. On futures side, +0.3% open interest build up suggest long addition. On option side, 8400 call options writing was seen which is strong resistance. For tomorrow, buy nifty near 8300 only for better risk reward ratio with strict stop loss below 8250.

BANKNIFTY Nov. expiry future last closed at 17547 with gain of 185 points. In intraday BANK NIFTY, future hit high at 17549 while low was at 17307. Total 250 points intraday range and closed with gain. On futures, side +3.6% open interest build up suggest strong long addition. On option side 18000 call options writing has been seen. For tomorrow, 17400 is trailing stop loss for long positions.

India VIX active future closed 1479 with gains of 55 points. In intraday vix hit high at 1485 while low was at 1377. Total 110 points intraday range and closed with gains. 1200% open interest change has been seen. Here 1450 is now strong support on downside.

Bharat Petroleum Corporation Limited stock closed at 766 with gain. In intraday stock hit high at 773 while low was near 766. For tomorrow, traders can buy this stock near 760 levels with strict stop loss 748 for targets 795.

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Pramod Baviskar

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