Nifty banknifty MARUTI stock tips 28 oct 2014
NIFTY Oct. expiry future last closed at 7994 with 30 points loss. In Intraday NIFTY, future made high at 8061 while low was at 7993. Total almost 68 points intraday range and closed with loss. On futures side, -5.86% open interest cut suggest profit booking. On option side, 8000 put options writing was seen which is strong support on downside. For tomorrow, traders stay short with stop loss above 8060 for target 7900 and below.
BANKNIFTY Oct. expiry future last closed at 16,586 with gain of 103 points. In intraday BANK NIFTY, future hit high at 16,699 while low was at 16488. Total 200 points intraday range and closed with loss. On futures, side -7.65% open interest cut suggests short covering. On option side 16,700 call options writing has been seen. For tomorrow, stay short with strict stop loss above 16850 for downside targets.
India VIX active future last closed at 1420 with no trading activity.
Maruti Suzuki India Limited stock closed at 3171 with gain. In intraday stock hit high at 3190 while low was near 3105. For tomorrow, traders can sell this stock near 3190 levels with strict stop loss 3220 for targets 3100.