Nifty banknifty HINDUNILVR tips for 1 Oct 2014
NIFTY Oct. expiry future last closed at 7989 with 5 points loss. In Intraday NIFTY, future made high at 8084 while low was at 7962. Total almost 125 points intraday range and closed with loss. On futures side, +1.28% open interest build up suggest fresh short addition. On option side, 8100 call options writing was seen which is strong resistance for now. For tomorrow, traders above 7900 keep buy on dips view for target 8050 and above. Option traders can buy 7900 call option on decline with stop loss below 7900.
BANKNIFTY Oct. expiry future last closed at 15,455 with loss of 88 points. In intraday BANK NIFTY, future hit high at 15690 while low was at 15,405. Total 300 points intraday range and closed with loss. On futures, side -3.91% open interest build up suggest strong short addition. On option side 16,000 call options writing has been seen. For tomorrow, above 15k keep buy o dips view for target 15,650 and above. Option traders can buy 15,500-call option on decline with stop loss below 15k.
India VIX active future last closed at 1356 with almost 45 points gain. In intraday NVIX hit high at 1360 while low was at 1340. Total 20 points intraday range and closed with gain. On futures, side -80% open interest cut seen. For tomorrow, expect upside on follow up buying.
Hindustan Unilever Limited stock closed at 748 with gain. In intraday stock hit high at 751 while low was near 740. For Monday, traders can buy this stock near 740 levels with strict stop loss 730 for targets 760.