Nifty banknifty HINDPETRO calls 17 oct 2014
NIFTY Oct. expiry future last closed at 7760 with 136 points loss. In Intraday NIFTY, future made high at 7919 while low was at 7757. Total almost 185 points intraday range and closed with loss. On futures side, -1.89% open interest cut suggest strong profit booking. On option side, 8000 call options writing was seen. For tomorrow, traders expect downside up to 7700 and risky traders can buy there for bounce back rally up to 7850. Option traders can buy 7700 call options on decline with strict stop loss in place.
BANKNIFTY Oct. expiry future last closed at 15,542 with loss of 257 points. In intraday BANK NIFTY, future hit high at 15,880 while low was at 15,500. Total 380 points intraday range and closed with loss. On futures, side -0.89% open interest cut shows profit booking. On option side 16,000 call options writing has been seen. For tomorrow, below 15,800 follow sell on rise view for target 15,300 and below.
India VIX active future last closed at 1620 with almost 145 points gain. In intraday NVIX hit high at 1620 while low was at 1520. Total 100 points intraday range and closed with gain. On futures, side +300% open interest addition seen. For tomorrow, stay long with stop loss 1550.
Hindustan Petroleum Corporation Limited stock closed at 493 with loss. In intraday stock hit high at 517 while low was near 491. For tomorrow, traders can buy this stock near 490 levels with strict stop loss 480 for targets 510.