Nifty banknifty stocks trading view 11 sep 2014
NIFTY Sep. expiry future last closed at 8137 with 45 points loss. In Intraday NIFTY, future made high at 8157 while low was at 8107. Total almost 50 points intraday range and closed with loss. On futures side, -4.55% open interest build up suggest strong long addition. On option side, 8100 put options writing was seen which is strong support on downside. For tomorrow, traders below 8140 stay short for downside up to 8100 to 8050. as market is showing resilience to selling and bank nifty outperforming, we may see sharp turn in momentum and may trigger short covering so stay short but with stop loss and if sustain above 8140 then must stay on buy side for target 8240.
BANKNIFTY Sep. expiry future last closed at 16,257 with gain of 29 points. In intraday BANK NIFTY, future hit high at 16,267 while low was at 16,105. Total 170 points intraday range and closed with gain. On futures, side +3.55% open interest build up suggest strong long addition. On option side 16,000 put options writing has been seen. For tomorrow, above 16k keep buy on dips view for target 16,350.
India VIX active future last closed at 1301 with almost 145 points loss. In intraday NVIX hit high at 1301 while low was at 1301. Total 0 points intraday range and closed with loss. On futures, side -550 open interests seen. For tomorrow, below 1350 keep bearish view.
Punjab National Bank stock closed at 954 with gain. In intraday stock hit high at 956 while low was near 938. For tomorrow, traders can buy this stock near 945 levels with strict stop loss 930 for targets 990.