market forecast for 12 sep 2013

market forecast for 12 sep 2013

Nifty future forecast for 12 sep 2013

nifty sep expiry future last closed at 5933 with gains of 26 points.in intraday nifty future opened at 5890 made low near 5850 and in last with short covering rally closed near high of 5954.total 104 points intraday range and trending strong.

on nifty futures,fresh 5% cut seen in open interest suggesting trapped short exiting with every upside. on nifty options side,5700 put option traded with high volume and suggesting active writers while 6000 call option traded with high volume suggesting long accumulation.

for tomorrow in intraday above 5910 keep long view for target 5980 and then may be 6050 on upside.below 5910 expect correction and some consolidation and no trade!

Banknifty future forecast for 12 sep 2013

banknifty sep expiry future last closed at 10381 with gains of 190 points.in intraday banknifty future opened at 10124 made low near 10k and then with huge short covering made high near 10460.our given atrget 10450 achieved.

on banknifty futures side,almost 0.67% open interest cut shows short covering is still going on.on option side 9500 put option traded with high volume and suggesting huge writing and on upside 11k call option with high volume showing some long accumulation.

for tomorrow,10350 is entry zone with stoploss and expect target at 10500-10600 in intraday.for intraday traders can buy 10500 call option with stoploss.

Intraday Stocks forecast for 12 sep 2013

for tomorrow my pick will be HCL Technologies Limited share.today HCLTECH share closed at 1061 with flat loss.in intraday made high near1081 which was fresh 52 weeks high and low was near 1051.here for tomorrow go short around 1075-1080 with strict stoploss of  1110 and expect target of 1020-1000 on downside.here rupee effect and overbought condition may trigger profit booking by big players.traders can look for future and option side also for short play!!

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The Author

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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