Market forecast 27 sep 2013
Nifty future forecast for 27 sep 2013
nifty oct expiry future last closed at 5945 with gains of 7 points.today nifty future opened at 5925 made low at 5918 and intraday high was 5985.total 65 points+ intraday range and closed with gains as expected.
on futures side,32.22% open interest suggest long rollover and on options side,6000 call option of oct expiry traded with high volume and closed in red and same seen on 5900 put option of oct expiry.
for tomorrow,buy nifty oct future only above 5960 with stoploss below 5900 and expect target 5980 and then 6050 on upside.now expect sharp supply for market on every upside.
Banknifty future forecast for 27 sep 2013
banknifty oct expiry future last closed at 10171 with loss of 10 points.today banknifty oct expiry future opened at 10188 made low at 10159 while intraday high was 10297.total 140 points intraday range and closed in red on consolidation.
on futures side,17% rise in open interest suggest long rollover.while on option side 10k put option closed in red on high volume while 11k call option also given same closing.
for tomorrow buy banknifty future above 10250 levels only for target 10450-10600 but below that expect correction and consolidation and may trade in very narrow range.
Intraday Stocks forecast for 27 sep 2013
for tomorrow my pick will be Bharti Airtel Limited share. today BHARTIARTL share closed at 336 flat.today BHARTIARTL opened at 337 made high at 339 while low was near 329.total 10 rupee intraday range and closed flat.for tomorrow buy near 330 with stoploss below 320 and expect target 345+.