Market forecast 14 November 2013
Nifty future outlook 14 Nov 2013
nifty nov expiry future last closed at 6035 with loss of 36 points.in intraday nifty future made high at 6088 while low was at 6008.total 80 points intraday range and closed with loss.
on futures side,-3.22% cut in open interest shows fresh shorts added and strong hand continues profit booking.on option side,6000 put option closed with gains on high volume buying.while 6100 call option closed in red on high volume writing.
for thursday,5950-5980 will remain buying zone and on upside 6150-6200 will be target zone.5950 will be best medium term long entry point.
Banknifty future outlook 14 Nov 2013
banknifty nov expiry future last closed at 10618 with loss of 67 points.in intraday banknifty future made high at 10740 while low was at 10481.almost 300 points intraday range and profit booking continues.
on futures side,2.17% open interest build up shows short continues to accumulate.while on option side,10500 put option continue to gain while 11k call option closed in red on high volume writing.
for 14th November,traders watch 10300-10400 zone as buying opportunity with stoploss below 10k and for medium term target 11200+.
Intraday Stocks Tips 14 Nov 2013
for tomorrow my pick will be Wipro Limited share. today WIPRO stock closed at 481.95 with loss.in intraday WIPRO stock made high at 487 while low was at 479.95.for intraday buy near 478 with stoploss 472 and for target 492+.