free nifty banknifty stocks tips for 29 july 2015
Nifty July future today closed at 8356 with loss of 16 points. In intraday nifty hit high around 8411 while low was at 8331. Total 80 points intraday range and closed with loss on another short selling. 18% cut in open interest suggest near expiry profit booking. Option side, nifty 8400 call option writing seen. For tomorrow risky traders can buy nifty around 8250-8270 zone with strict stop loss in place. On upside 8500 will be bounce back target in Aug series.
Banknifty July future today closed at 18328 with gain of 77 points. In intraday banknifty hit high around 18410 while low was at 18191. Total 200 points intraday range and closed with gain. 11% drop in open interest shows near expiry positions unwinding. Option side, banknifty 18500 call option writing continues. For risky traders 17900-18200 is buy and accumulate zone for Aug expiry. On rally expect bounce back up to 18750.
In nifty 50 stocks, PNB rallied 6% on lower NPA. While BHEL closed with 2% gains. On loser’s side, NMDC closed at 52 weeks low with 5% drop and HEROMOTOCO continue to slide with 3% cut. In F&O segment, ABIRLANUVO and PNB are top gainers. While SYNDIBANK and JSWENERGY are top losers. In buzzing stocks, PGEL and BROOKS closed with 205 circuit.
For tomorrow, free intraday tips will be for AXISBANK. Buy AXISBANK stock for intraday around 555 with stop loss below 545 for target 570+.