Market forecast 4 April 2014

Market forecast 4 April 2014

Market forecast 4 April 2014

NIFTY April expiry future last closed at 6774 with 16 points loss. In Intraday NIFTY, future made high at 6800 while low was at 6736. Total almost 65 points intraday range and closed loss on profit booking as expected. On futures side, +2.73% open interest build up suggest fresh short addition. On option side, 6700 put options writing was seen which is downside psychological support for now. For tomorrow, nifty future below 6840 remains sell on rise for targets 6650 and below.

 

BANKNIFTY April expiry future last closed at 12,655 with loss of 151 points. In intraday BANK NIFTY, future hit high at 12,827 while low was at 12,602. Total 225 points intraday range and closed with loss. On futures, side +3.3% open interest build up suggest fresh short addition. On option side 13,000 call options writing has been seen which resistance for now is. For tomorrow, banknifty below 12,900 remains sell on rise.

 

India VIX current future last closed at 2395 with almost 17 points gain. In intraday NVIX hit high at 2400 while low was at 2360. Total 40 points intraday range and closed with gains on buying interest. On futures, 1, 01,250 open interests have been seen. For tomorrow, 2350 is support and 2440 is resistance.

 

Cairn India Limited stock closed at 344 with loss. In intraday stock hit high at 350 while low was near 341. For tomorrow, traders can sell this stock near 345-348 level with strict stop loss 355 for targets 328.

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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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