NIFTY July expiry future last closed at 7770 with 85 points
gain. In Intraday NIFTY, future made high at 7773 while low was
at 7704. Total almost 70 points intraday range and closed with
gain on strong buying and fresh breakout. On futures side,
+9.26% open interest build up shows strong buying from strong
hands. On option side, 7800 call options writing was seen which
is upcoming resistance. For tomorrow, traders stay long with
stop loss below 7730 for target 7850. Option traders keep buy on
dips view on 7700 call options with same stop loss.
BANKNIFTY July expiry future last closed at 15,463 with gain of
54 points. In intraday BANK NIFTY, future hit high at 15,499
while low was at 15,325. Total 150 points intraday range and
closed with gain. On futures, side -3.63% open interest cut. On
option side 16,000 call options writing has been seen. For
tomorrow, traders keep long view with stop loss below 15,400 for
target 15,650 and above.
index: (26026) Buy considering 25955-25918 a nearest &
25862-25803 a crucial support keeping stop loss of 25780. Upward
side it'll spurt up to 26158, 26206 & thereafter to 25206.