market forecast for 17 sep 2013

market forecast for 17 sep 2013

Nifty future forecast for 17 sep 2013

nifty sep expiry future last closed at 5860 with loss of 15 nifty future opened at 5976 made high near 6029 and low at more than 200 points intraday range and wide swing of ups and as expect high volatility triggering in and traders do not have any confidence.

on futures side,3% cut in open interest with negative closing suggest huge shorts and profit booking happened today.while on option side 5800 put option closed with gains on high volume suggest long accumulation while 6000 call closed in red on account of heavy writing.

for tomorrow traders below 5900 levels keep sell on rise view and small target on downside at 5800-5780.if close below that then 5600-5480 are upcoming targets for nifty.

Banknifty future forecast for 17 sep 2013

banknifty sep expiry future last closed at 10390 with gains of 187 banknifty future opened at 10478 made high near 10566 while intraday low was almost 400 points intraday swing and volatility triggering in.

on futures side,banknifty future 1.54% cut shows heavy short covering with gap up opening.while on option side,9500 put option closed in red with continues writing while 11k closed in green on high volume and seen some buying.

for tomorrow,below 10450 keep short open or short view for target 10100-9900 on downside.buying suggested above 10450 with stoploss for next target zone of 10750-10880.

Intraday Stocks forecast for 17 sep 2013

for tomorrow my pick will be Vijaya Bank closed at 38.8 with flat negative intraday opened at 39.85 made high near 40.75 and made low at for tomorrow sell near 39-39.5 zone with stoploss 41 and expect target 36-35 in intraday.traders can also trade 40 put option for intraday or sell short future.

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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