Market forecast for 11 sep 2013
Nifty future forecast for 11 sep 2013
nifty sep expiry future last closed at 5905 with gains of 208 points.today nifty future opened at 5772 and almost that was low and set on buying + short covering rally as expected.today nifty future made high near 5916.total almost 150 points intraday rally and closed near highs.
on futures side we seen 21% open interest build up on huge buying interest!!while on option side,5700 put option closed with loss on high volume and 6000 call option closed with gains on high volume!!
here trend and momentum strong bullish and for tomorrow above 5850 keep buy on dips view for target 5950-5980 in intraday!!
Banknifty future forecast for 11 sep 2013
banknifty sep expiry future last closed at 10155 with gains of 172 points.in intraday banknifty future opened at 10144 made low at 10125 while high was 10320.total almost 200 points intraday rally and closed with gains.
on future side,8% long side open interest build up seen and also huge short covering also seen.on option side banknifty 10000 put option closed with loss with high volume.while banknifty 11000 call option side buying seen on high volume and closed with gains.
for tomorrow,traders can buy banknifty above 10230 levels only for target 10400-10550 on upside.while below that expect correction upto10k-9900.
Intraday Stocks forecast for 11 sep 2013
for tomorrow my pick will be Reliance Power Limited share.today closed at 67.9 with loss of almost 1%.today Reliance Power Limited share made low near 67.6 while high was 70.75.for tomorrow buy near 67 with strict stoploss just below 65 and keep intraday target around 74-75.on option side can buy 70 call option for positional trade with same stoploss.