Nifty future forecast for 3 sep 2013
nifty sep expiry future last closed at 5329 with loss of 225 points.today nifty future opening at 5555 made high at 5572 but as middle crisis and rupee weakness triggered panic we seen all supports are butchered by bears with heavy supply in market.today nifty future made low at 5323 and closed near it.total 250 points top to bottom rally and now nifty back to bearish zone look like last rally was trap for bulls!!for tomorrow below 5440 hold sell on rise view and expect target at 5250-5100 o downside.or buy nifty 5400 put option with same stoploss.today high volume seen at 5600 call option and 5300 put option so out of the market call option written heavily!!
Banknifty future forecast for 3 sep 2013
banknifty sep expiry future last closed at 8675 with loss of 514 points.today banknifty future opened at 9221 and made high at 9250 and then we seen sharp supply on panic and closed near lows of 8646.total 600 points downslide from top and banknifty is now heading towards jan 2012 lows.here 3.12% open interest build up seen which shows fresh shorts by bears.
on banknifty option side,banknifty 10k call option seen highest volume and writers are busy there while 8500 put option traded with high volume and some buying and gains seen there.
for tomorrow below 8900 traders must keep sell on rise view and on downside targets are 8400-8200.
Intraday Stocks forecast for 3 sep 2013
for tomorrow my pick will be Maruti Suzuki India Limited share.today closed at 1282 with loss of 1.38%.in intraday with opening at 1315 and made high near 1319 while low was near 1259.here for tomorrow sell near 1300 levels with strict stoploss above 1325 and expect target of 1250 and below as target levels.here yen and rupee volatility remain concern and also market panic will support it.