Nifty Trading Strategies and share tips for today 24 Aug

The Nifty future shut shop at 4947.40 gaining 36.95 points or 0.75 percent. Nifty future decreased 14,75,350 shares in open interest, and came to discount of 1.50 from premium of 11.65, whereas cost of carry is -5.53 vs 28.93, down 119.12 percent. On the options front the OI PCR is at 0.95 vs. 0.93, whereas the Volume PCR at 0.93 vs. 0.91. On the Volatility Front the Indian Volatility Index has ended at 25.92% vs. 27.08% losing 4.28%.

On the call options front addition of open interest was witnessed in last trading session at strike price of 5500 and 5600. On the put options front we have seen addition of open interest in last trading session at strike price of 4700 and 4800.

Nifty has strong supports around 4,720 and immediate resistance stands at 4,960-5,110 levels.

Free Intraday Stock Tips for Today:


Bank Nifty Futures

Buy Bank Nifty Futures above Rs 9,520 for target of Rs 9,600-9,650 and stop loss below of Rs 9,465.

Reliance Infra

Buy Reliance Infra futures above Rs 459 for target of Rs 470-480 and stop loss of below Rs 449.

HCL technologies

Buy HCL technologies futures above Rs 401 for target of Rs 406-411and stop loss of below Rs 396.

Century Textiles & Inds

Buy Century Textiles & Industries futures above Rs 296 for target of Rs 302-305 and stop loss of below Rs 291.

BHEL
Buy BHEL futures above Rs 1,766 for target of Rs 1,780-1,799 and stop loss of below Rs 1,754.

RCF
Buy above Rs 82.5 with target of Rs 84-87 and stop loss of below Rs 81.

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