premarket tips for nifty, banknifty, stocks 24 sep 2014
NIFTY Sep. expiry future last closed at 8032 with 127 points loss. In Intraday NIFTY, future made high at 8164 while low was at 8025. Total almost 140 points intraday range and closed with loss. On futures side, -8.78% open interest cut suggest strong profit booking. On option side, 8100 call options writing was seen which is strong resistance for now. Nifty once gain fall back into bearish territory so now follow sell on rise view for target 7840 with stop loss just above today’s high.
BANKNIFTY Sep. expiry future last closed at 15,930 with loss of 290 points. In intraday BANK NIFTY, future hit high at 16,233 while low was at 15,919. Total 350 points intraday range and closed with loss. On futures, side -5.52% open interest cut suggests strong profit booking. On option side 16,200 call options writing has been seen. For tomorrow, below 16,200 follow sell on rise view or option traders can buy 16,200 put options on decline with stop loss.
India VIX active future last closed at 1237 with almost 47 points gain. In intraday NVIX hit high at 1250 while low was at 1160. Total 90 points intraday range and closed with gain. On futures, side -20% open interest cut seen. For tomorrow, keep long view with stop loss 1180.
Maruti Suzuki India Limited stock closed at 3060 with loss. In intraday stock hit high at 3112 while low was near 3054. For tomorrow, traders can buy this stock near 3040 levels with strict stop loss 2990 for targets 3150.