stock market outlook : expect volatility and profit booking

free nifty banknifty and stock intraday tips for 4 aug 2015

Nifty Aug future today closed at 8561 with loss of 7 points. In intraday, nifty fut hit high around 8590 while low was 8550. Total 40 points intraday range and closed with loss. 2.5% cut in open interest suggest profit booking. On option side, nifty 8700 call options writing continues. For tomorrow expect high volatility and profit booking in nifty. Greece and Puerto Rico might change market mood and given reason to booking handsome profits.
Banknifty Aug future today closed at 18936 with gain of 100 points. In intraday, banknifty future hit high around 19070 while low was at 18835. Total 235 points intraday range and closed with gain. 2% cut in open interest suggest short covering by trapped traders. Option side, banknifty 19500 call options writing continues. For tomorrow below 19050 there are major chances of correction wave.
In nifty 50 stocks, banking stock continue to outperform and SBI and BOB closed with 5% gains. HCLECH lost 5% on bad results while VEDL continue its bear market. In F&O, JPASSOCIAT and SUNTV are today’s top gainers while HCLTECH and JINDALSTEL are top losers with 4-6% losses. In buzzing stocks, TIRUMALCHM and ELECTHERM rallied 20%.
For tomorrow, free intraday tips will be for ZEEL. Sell ZEEL stock around 402 with stop loss 410 for target 380 in intraday.

The Author

Pramod Baviskar

Professional Market Trader And Owner Of Dalal Street Winners Advisory And Coaching Services. Working Since 2007 And Online Presence Since 2010. We Provide Highly Accurate And Professional 1 Entry And 1 Exit Future, Option, Commodity, Currency And Intraday Stock Tips On Whatsapp With Live Support And Follow Up.
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