Nifty banknifty stocks calls 8 Sep. 2014
NIFTY Sep. expiry future last closed at 8112 with 19 points loss. In Intraday NIFTY, future made high at 8150 while low was at 8072. Total almost 80 points intraday range and closed with loss. On futures side, -3.63% open interest cut suggest profit booking. On option side, 8200 call options writing was seen which is strong resistance on upside. For Monday traders keep buy on dips view with strict stop loss below 8040 for target 8150 and then 8180. Option traders keep buy and accumulate view for 8000 call options with strict stop loss in place.
BANKNIFTY Sep. expiry future last closed at 16,055 with loss of 64 points. In intraday BANK NIFTY, future hit high at 16,188 while low was at 15,982. Total 200 points intraday range and closed with loss. On futures, side -0.99% open interest cut shows profit booking. On option side 16,500 call options writing has been seen. For Monday, keep buy on dips view with strict stop loss below 15,800 for upside targets. Option traders can follow buy on dips view for 16k with strict stop loss.
India VIX active future last closed at 1349 with almost 19 points gain. In intraday NVIX hit high at 1349 while low was at 1349. Total 0 points intraday range and closed with gain. On futures, side 6600 open interest seen. For Monday, expect upside as index still in oversold state.
Ambuja Cements Limited stock closed at 212 with gain. In intraday stock hit high at 214 while low was near 210. For Monday, traders can buy this stock near 210 levels with strict stop loss 205 for targets 220.