free stock market trading tips for 15 January 2015
Nifty future last closed at 8319 with gain of 4 points. In intraday nifty future hit high around 8348 while low was at 8244. Total 105 points intraday range and closed with gain. Nifty option side 8400 call option writing seen and on futures side -2.36% cut in open interest suggest short covering in late trades. For tomorrow, keep bearish view on nifty and with strict stop loss of 8390 spot keep sell on rise view. On downside, 8250 and 8100 still open targets.
Bank nifty future last closed at 18717 with loss of 42 points. In intraday banknifty, future recorded high around 18850 while low was around 18566. Total 300 points intraday range and index closed with loss. On option side 19000, call options strong writing seen. On future side, +3.95% additions in open interest suggests short addition. For tomorrow, future trader’s keep sell on rise view with stop loss above today’s high.
For tomorrow, our stock pick will be Larsen & Toubro Limited. Today LT stock closed at 1525 with gain. In intraday stock made high around 1534 while low was around 1500. For tomorrow, traders can sell LT stock around 1530-1540, zone with stop loss 1560 for target 1480+ in intraday.
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