Nifty banknifty stock view 27 aug 2014
NIFTY Aug. expiry future last closed at 7908 with 7 points loss. In Intraday NIFTY, future made high at 7918 while low was at 7871. Total almost 40 points intraday range and closed with loss with profit booking. On futures side, -18.09% open interest cut suggest strong profit booking. On option side, 7900 call options writing was seen which is support for now. For tomorrow, traders keep wait and watch strategy while risk traders keep short view with strict closing basis stop loss above 7940 spot. On downside, 7850 and then 7780 are strong support zones.
BANKNIFTY Aug. expiry future last closed at 15,660 with loss of 21 points. In intraday BANK NIFTY, future hit high at 15,693 while low was at 15,509. Total 200 points intraday range and closed with loss. On futures, side -12.53% open interest build up cut suggest profit booking. On option side 15,500 put options writing has been seen. For tomorrow, traders stay long with stop loss below 15,500 for target 15,850. Option traders can buy 15,500 call options on decline with same stop loss.
India VIX active future last closed at 1391 with almost 9 points gain. In intraday NVIX hit high at 1405 while low was at 1371. Total 34 points intraday range and closed with gain. On futures, side +150% open interest addition seen. For tomorrow, above 1350 keep buy and accumulate view for medium terms.
Hindustan Unilever Limited stock closed at 724 with gain. In intraday stock hit high at 731 while low was near 717. For tomorrow, traders can sell this stock near 730 levels with strict stop loss 740 for targets 700.