Market forecast for 13 March 2014

Indian stock market forecast, nifty future and options outlook, banknifty futures and options predictions, stock levels, technical analysis and share trading tips for 13 March 2014.

Market forecast for 13 March 2014

NIFTY March expiry future last closed at 6551 with 6 points gain. In Intraday NIFTY, future made high at 6580 while low was at 6515. Total almost 65 points intraday range and closed with gain as demand continues. On futures side, +0.33% open interest build up suggest long accumulation. On option side, 6600 call options writing continues as strong resistance point. For tomorrow, today’s low is stop loss and 6650 will be target for nifty future.


BANKNIFTY March expiry future last closed at 12,100 with loss of 10 points. In intraday BANK NIFTY, future hit high at 12,225 while low was at 11,942. Total 300 points intraday range and closed with loss. On futures side -2.32% open interest build cut suggest profit booking by traders. On option side, 12,500-call option writing continues, as it is now strong resistance ahead. For tomorrow banknifty, today’s low is stop loss for long traders and expect targets of 12,350 to 12,500 on upside.


India VIX current future last closed at 1940 with almost 202 points gain. In intraday NVIX hit high at 1995 while low was at 1911. Total 80 points intraday range and fresh long addition. On futures side+1, 16,250% open interest build up suggest strong long addition by hedgers. For tomorrow, 1955 is support and VIX is heading towards 2050.


Bharat Heavy Electricals Limited stock closed at 184 with loss. In intraday stock hit high at 190 while low was near 182. For tomorrow, traders can buy this stock near 179-180 level with strict stop loss below 177 for target 192 and above.

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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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