nifty banknifty SBIN calls for 2/12/2014

nifty banknifty SBIN calls for 2/12/2014

Nifty future of December expiry today closed at 8598 with loss of 41 points. After positive opening, we had seen strong profit booking momentum through out the day. Nifty hit intraday high around 8659 while low was at 8588 and closed near low, which is bearish signal. For tomorrow keep sell on rise view for nifty future with strict stop loss just above today high of 8660. On downside, 8550 to 8520 will be first target zone for nifty. Option traders can follow buy and accumulate strategy for nifty 8600 put option for intraday. Today 1.12% open interest unwinding clearly suggests profit booking.

Banknifty future today closed at 18644 with loss of 22 points. Banknifty recorded intraday high as well as all time high of 18772 while low was at 18610. Total almost 200 points range and closed with loss on profit booking. Banknifty trend and momentum is still strong bullish and might show resilience to selling. Here for intraday go short on rise with strict stop loss of 18,850 for downside target of 18500. Option traders can use 18,600 put options for same purpose.

India vix has not seen any trading activity today.

For tomorrow, my intraday pick will be SBIN stock. Today sbi is closed at 319 with loss after hitting 52 weeks high of 327 rupees. Tomorrow traders can sell sbi stock around 322-325 zone with strict stop loss of 332 for target 308 to 305.

The Author

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.
COPYRIGHT © 2009-2018. Pramod Baviskar. Dalal street winners advisory and coaching services. FAQ | Disclaimer | Privacy Policy

This website is best viewed using Microsoft Internet Explorer 9 or higher, and/or latest version of Google Chrome and Mozila Firefox browsers.