Nifty banknifty stock view 28 aug 2014

Nifty banknifty stock view 28 aug 2014

Nifty banknifty stock view 28 aug 2014


NIFTY Aug. expiry future last closed at 7943 with 37 points gain. In Intraday NIFTY, future made high at 7948 while low was at 7911. Total almost 37 points intraday range and closed with gain on fresh buying. On futures side, -15.77% open interest cut suggest short covering by trapped traders. On option side, 7900 call options writing was seen which is support on downside. For tomorrow, traders keep long view and expect upside for nifty up to 8000 mark. On downside, 7880 will remain protective stop loss. Option traders can buy nifty in the money options for intraday with same stop loss.


BANKNIFTY Aug. expiry future last closed at 15,738 with gain of 94 points. In intraday BANK NIFTY, future hit high at 15,760 while low was at 15,661. Total 100 points intraday range and closed with gain. On futures, side -11.84% open interest cut suggest sharp short covering. On option side 15,800 call options writing has been seen. For tomorrow, traders keep buy on dips view with stop loss below 15,550 for target15, 850 and above. Option traders can buy in the money call options for Sep. series with same stop loss.


India VIX active future closed with no trading.


Tata Power Company Limited stock closed at 89 with gain. In intraday stock hit high at 89 while low was near 87. For tomorrow, traders can buy this stock near 88 levels with strict stop loss 85 for targets 94.

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 © 2017. 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.