Nifty Banknifty F&O prediction for 10 june 2015
Nifty spot today closed at 8022 with loss of 22 points or 0.27%. Today nifty high was at 8057 while intraday low was at 8005. Total 50 points of intraday range and negative closing on continuation of selling spree. For tomorrow outlook for nifty future will remain bearish and traders must keep sell on rise view. 8080 to 8100 is best short entry point for target 7950 to 7920. Daily closing below 7920 means downside target of 7800 and below till June expiry. Option traders use 8200 put options as buy on decline strategy.
Banknifty spot today closed at 17489 with gains of 57 points. Today bank nifty hit high of 17560 while low was at 17392. Total 160 points intraday range and mild technical bounce back. For tomorrow 17560-17680 is strong supply zone and traders must sell banknifty future near 17680 with stop loss. Target still at 17200. Option traders can use 17800 put options as buy on decline trade.
In nifty 50, Vedanta and hindalco stock are top gainers while cairn and cipla are top losers. Cairn share closed at fresh 52 weeks low. In f&o side, biocon and sun TV rallied almost 5%. While unitech and Apollo tyre are top losers with almost 8% loss. For tomorrow, intraday traders can buy ACC stock around 1420 with stop loss 1390 for target 1480+.