Free market outlook report 13 Nov 14

Free market outlook report 13 Nov 14

NIFTY Nov. expiry future last closed at 8412 with 17 points gain. In Intraday NIFTY, future made high at 8448 while low was at 8402. Total almost 46 points intraday range and closed with gain. On futures side, +2.5% open interest build up suggest strong long addition. On option side, 8400 call options writing was seen which is strong support for now. For tomorrow, 8380 is trailing stoploss for long traders. Option traders can buy 8400 call option on decline with 8350 spot as stop loss.

BANKNIFTY Nov. expiry future last closed at 17675 with gain of 174 points. In intraday BANK NIFTY, future hit high at 117728 while low was at 17528. Total 200 points intraday range and closed with gain. On futures, side +7.02% open interest build up suggest strong long addition. On option side 18000 call options writing has been seen. For tomorrow, go short 17500 is trailing stoploss for all short-term long positions. Option traders must book profits in there all call options.

India VIX active future closed with no trading activity.

Hindustan Zinc Limited stock closed at 163 with loss. In intraday stock hit high at 166 while low was near 162. For tomorrow, traders can buy this stock near 160 levels with strict stop loss 155 for targets 170.

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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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