Free nifty banknifty and stock tips for tomorrow 17 june 2015
Nifty future today closed at 8063 with gains of 54 points. In intraday nifty hit high of 8063 and closed at it with strong bullish outlook. Intraday low of nifty future was at 7946. Total 120 points intraday range and nifty future closed with reversal signal. Today 2% cut in open interest suggest short covering. Nifty future now trading with premium that is also signal of bulls are back in market. On option side, 8100 call option wring was seen. For tomorrow keep buy on dips view for nifty future with strict stop loss below 7940 for intraday to positional target of 8140.option traders use 8100 call option of next expiry for buying and accumulation.
Banknifty future today closed at 17624 with gains of 210 points. In intraday bank nifty hit high around 17632 and closed near it with strong bullish outlook for tomorrow. Bank nifty future intraday low was at 17275. Total 350 points intraday range was seen. Banknifty is now trading with 20 points premium and positive open interest build up seen today. For tomorrow keep long view on banknifty future for target 17880 and above with stop loss 17300. Option traders keep buying and accumulating in 17500 call options.
In nifty 50, indusind bank and Tata power are top gainers. While idea and cairn lost almost 4%. In F&O, centerytex rallied 8% plus and glenmark future closed with almost 5% gains. In fno, idea and Adanient gone home with 4% losses. In other stock, SHYAMTEL closed with 20% circuit on merger news with rcom. While RAJTV down by 20% on bad news flow. For tomorrow, free stock tips will buy ITC stock around 295 with stop loss 290 for target 305+.