market forecast for 13 sep 2013

market forecast for 13 sep 2013

Nifty future forecast for 13 sep 2013

nifty sep expiry future last closed at 5867 with loss of 73 points.in intraday nifty future with open at 5954 made high near 5955 and then sharp profit booking wave made low at 5825 and closed near it.total 130 points intraday range and closed in red.

on nifty future side,1% drop with negative closing suggest traders taking profit off the table.on nifty option side,5800 pe traded with high volume and seen fresh buying while 6000 call option traded with high volume and closed in red.

for tomorrow,hold nifty short with trailing stoploss of 5890 and expect target of 5800-5780 in intraday.below 5780 expect deep downside upto 5650-5500.

Banknifty future forecast for 13 sep 2013

banknifty sep expiry future last closed at 10175 with loss of 235 points.in intraday banknifty future opened at 10400 made high near 10405 while low was near 10072.total 330 points intraday range and closed in red on heavy profit booking.

on banknifty futures side,1.5% drop in open interest suggest sharp profit booking by traders.on banknifty options side,9500 put option closed with gains on high volume and 11k closed in red on high volume.

for tomorrow,traders hold short with trailing stoploss of 10230 and expect target of 10k to 9900 in intraday.below 9800 will be next breakdown for 400-600 points downside.

Intraday Stocks forecast for 13 sep 2013

for tomorrow my pick will be The Federal Bank Limited share.today closed at 295 with loss of 1.21%.in intraday opened at 300 high at 303 and made low at 289.total 14 rupee intraday range and closed in red.here for tomorrow sell FEDERALBNK near 300 with strict stoploss of 312 and expect target 275-270 in intraday.traders can trade same on future side with same stoploss/target.

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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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