nifty banknifty MNM stock tips 7/1/2015

market technical analysis and free stock tips for 7 January 2015

Nifty future last closed at 8150 with loss of 272 points. In intraday nifty future hit high around 8422 while low was at 8000. Total 422 points intraday range and closed with loss. Nifty option side 8400 call option writing seen and on futures side -7.44% cut in open interest suggests strong profit booking as well as margin call hit. FII had taken all cream out of Christmas cake as expected! For intraday, nifty futures has 8245 as trailing stop loss for short positions and targets are 8000 to 7950. See 8300 and 8400 put option rallied towards sky!

Bank nifty future last closed at 18482 with loss of 668 points, in intraday banknifty future recorded high around 19025 while low was around 18475. Total 550 points intraday range and index closed with loss. On option side 18000, put options strong writing seen. On future side, +9.14% additions in open interest suggests fresh shorts. For intraday 18750 is trailing stop loss for short positions for target 18100 to 17800.

For tomorrow, our stock pick will be Mahindra & Mahindra Limited. Today MNM stock closed at 1214 with loss. In intraday stock made high around 1224 while low was around 1201. For tomorrow, traders can sell MNM stock around 1220-1225, zone with stop loss 1240 for target 1170+ in intraday.

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Pramod Baviskar

Professional Market Trader And Owner Of Dalal Street Winners Advisory And Coaching Services. Working Since 2007 And Online Presence Since 2010. We Provide Highly Accurate And Professional 1 Entry And 1 Exit Future, Option, Commodity, Currency And Intraday Stock Tips On Whatsapp With Live Support And Follow Up.
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