Market forecast 1 April 2014

Market forecast 1 April 2014

Market forecast 1 April 2014

NIFTY April expiry future last closed at 6746 with 19 points gain. In Intraday NIFTY, future made high at 6766 while low was at 6706. Total almost 60 points intraday range and closed gain with another short covering. On futures side, +0.61% open interest build up suggest long addition. On option side, 6800 call options writing was seen which is upcoming resistance. For tomorrow, nifty future trailing stop loss at 6725 target 6820.

 

BANKNIFTY April expiry future last closed at 12,809 with loss of 25 points. In intraday BANK NIFTY, future hit high at 12,950 while low was at 12,750. Total 200 points intraday range and closed with loss. On futures, side +0.37% open interest build up suggest strong long addition. On option side 13,500 call options writing has been seen from hedgers. For tomorrow, banknifty outlook is bullish and 12,650 is trailing stop loss for intraday.

 

India VIX current future last closed at 2170 with almost 68 points gain. In intraday NVIX hit high at 2188 while low was at 2114. Total 70 points intraday range and closed with gains on buying interest. On futures, side -33.77% open interest cut shows short covering. For tomorrow, 2140 is support and 2240 is resistance.

 

HCL Technologies Limited stock closed at 1394 with loss. In intraday stock hit high at 1405 while low was near 1381. For tomorrow, traders can buy this stock near 1380-1390 level with strict stop loss 1360 for targets 1440-1450.

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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