Market forecast 23 April 2014

Market forecast 23 April 2014 Market forecast 23 April 2014   NIFTY April expiry future last closed at 6836 with 2 points loss. In Intraday NIFTY, future made high at 6849 while low was at 6817. Total almost 33 points intraday range and closed loss on profit booking. On futures side, -13.07% open interest cut shows profit booking. On option side, 6800 put options writing was seen which is now strong support on downside. For tomorrow, traders with stop loss of 6880 keep sell on rise view for target 6750.   BANKNIFTY April expiry future last closed at 13,017 with gain of 22 points. In intraday BANK NIFTY, future hit high at 13,060 while low was at 12,922. Total 140 points intraday range and closed with gain. On futures, side -17.69% open cut shows fresh short covering. On option side 13,000 call options writing has been seen. For tomorrow, traders below 13,200 keep sell on rise view with strict stop loss.   India VIX current future last closed at 3490 with almost 137 points loss. In intraday NVIX hit high at 3620 while low was at 3462. Total 160 points intraday range and closed with loss. On futures, side +13.51% open interest build up shows fresh short additions. For tomorrow, below 3530 keep sell on rise view. Axis Bank Limited stock closed at 1502 with loss. In intraday stock hit high at 1512 while low was near 1488. For tomorrow, traders can sell this stock near 1510-1520 level with strict stop loss 1540 for targets 1450.

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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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