Nifty banknifty IDFC intraday outlook 21 oct 2014
NIFTY Oct. expiry future last closed at 7895 with 78 points gain. In Intraday NIFTY, future made high at 7940 while low was at 7882. Total almost 58 points intraday range and closed with gain. On futures side, +3.75% open interest build up suggest strong long addition. On option side, 8000 call options writing was seen which is strong resistance. For tomorrow, traders expect bounce back up to 7995 but below 7995 outlook remain bearish. For intraday stay long with stop loss 7850.
BANKNIFTY Oct. expiry future last closed at 16,264 with gain of 274 points. In intraday BANK NIFTY, future hit high at 16,353 while low was at 16,190. Total 160 points intraday range and closed with gain. On futures, side +4.1% open interest build up suggest strong long addition. On option side 16,500 call options writing has been seen. For tomorrow, stay long with stop loss 16,100.
India VIX active future last closed at 1485 with almost 135 points loss. In intraday NVIX hit high at 1485 while low was at 1478. Total 7 points intraday range and closed with loss. On futures, side -3300 open interests seen. For tomorrow, expect downside up to 1400.
IDFC Limited stock closed at 139.5 with loss. In intraday stock hit high at 142 while low was near 138. For intraday, traders can buy this stock near 138 levels with strict stop loss 135 for targets 145.