free nifty banknifty stocks intraday tips for 7 aug 2015
Nifty Aug future today closed at 8613 with gain of 21 points. In intraday, nifty hit high around 8641 while low was at 8566. Total 80 points intraday range and closed with strong gains. 1% plus open interest addition suggest follow buying continues. Option side, nifty 8500 put options writing suggest now psychological base is at 8500 level. For tomorrow 8540 is trailing stop loss and targets will be 8650 and 8755.
Banknifty Aug future today closed at 19102 with gain of 86 points. In intraday, banknifty future hit high around 19194 while low was at 18890. Total 300 points intraday range and closed with gain. Almost 4% rise in open interest suggest strong buying. Option side, banknifty 20,000 call options writing seen which now new resistance zone is. For tomorrow, above 18900 keep buy and accumulate view for target 19390 and then possibly 19900 in medium terms.
In nifty 50 stocks, LT and DRREDDY today closed with 2-3% gains. While TECHM and ITC were top losers on profit booking. In F&O, JPPOWER and IGL closed with 20 and 6% respectively. While BATAINDIA and MOTHERSUMI were today losers. In buzzing stocks, NAHARSPING and RUSHIL closed with 20% circuit.
For tomorrow free intraday tips will be for YESBANK. Buy yes bank stock around 820 with stop loss 800 for target 860 in intraday.