Nifty banknifty shares intraday view 31 oct 2014
NIFTY Nov. expiry future last closed at 8186 with 52 points gain. In Intraday NIFTY, future made high at 8216 while low was at 8102. Total almost 114 points intraday range and closed with gain. On futures side, +30.57% open interest build up suggest strong long rollover. On option side, 8100 put options writing was seen which is strong support on downside. For tomorrow, sell nifty future near 8250 with stop loss for correction move.
BANKNIFTY Nov. expiry future last closed at 16,818 with gain of 63 points. In intraday BANK NIFTY, future hit high at 16,865 while low was at 16674. Total 200 points intraday range and closed with gain. On futures, side +50.71% open interest build up suggest strong long rollover. On option side 16,700 call options writing has been seen. For tomorrow, go short near 17000 with strict stop loss and expect correction ahead.
India VIX active future closed with no trading activity.
IDFC Limited stock closed at 148 with gain. In intraday stock hit high at 149.7 while low was near 143. For tomorrow, traders can sell this stock near 150 levels with strict stop loss 155 for targets 140.