market forecast for 18 sep 2013
Nifty future forecast for 18 sep 2013
nifty sep expiry future last closed at 5883 with gains of 21 points.today nifty future opened at 5850 made low at 5821 and high was at 5888.total 70 points intraday range and closed with gains on short covering.
on futures side,5% cut in open interest clearly shows trapped shorts exiting.while on option side 5800 put option traded with high volume and closed in red while 6000 call option traded with high volume and short covering seen.
for tomorrow with stoploss below 5850 keep long view for target 5940-5980 in intraday.below 5850 open short for very small target of 5800-5780.
Banknifty future forecast for 18 sep 2013
banknifty sep expiry future last closed at 10340 with loss of 48 points.today banknifty future opened at 10298 made low near 10241 while intraday high was 10358.total only 100 points intraday range and closed in red.
on futures side,1% cut in open interest shows profit booking ahead of rbi policy.while on option side 9500 put option closed with loss on high volume and same on 11k call option side.
for tomorrow with stoploss below 10300 keep long view for target 10450-10600.in surprise move expect 11k on chart!!
Intraday Stocks forecast for 18 sep 2013
for tomorrow my pick will be Divi’s Laboratories Limited share.today closed at 990 with almost 1% gains.today opened at 977 made low at 971 and intraday high was 995 and closed near it.here buy near 980 with stoploss of 960 and expect target of 1030-1040 in intraday.