Market forecast 26 February 2014

Indian stock market forecast, nifty future and options outlook, banknifty futures and options predictions, stock levels, technical analysis and share trading tips for 26 February 2014.

Market forecast 26 February 2014

NIFTY Feb. expiry future last closed at 6205 with 12 points gain. In Intraday NIFTY, future made low at 6178 while high was at 6223. Total almost 45 points intraday range and closed with gain as expected.

On futures side, -21.01% open shed suggest short exiting with losses. On option side, 6200 call option heavy writing seen today.

My given target 6240 almost touched. For tomorrow, 6160 is major levels to watch above it keep bullish stance and expect targets of 6240-6280 on upside.

 

BANKNIFTY Feb. expiry future last closed at 10,661 with loss of 35 points. In intraday BANK NIFTY, future hit high at 11,000 while low was at 10,620. Total 400 points intraday range and closed with loss.

On futures side, -8.69% open interest build up shows shed suggest short covering and profit booking. On option side, 10,800 call option writing seen.

My given target of 11k achieved and acted as strong supply zone, which resulted in profit booking. Here above 10,400 keep long view for banknifty future.

 

DLF Limited stock closed at 141 with loss. In intraday stock hit high at 144 while low was near 140. For tomorrow, traders can sell this stock around 143-145, zone with Stop loss of 150 and for target 132 on downside.

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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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