market forecast for 19 sep 2013
Nifty future forecast for 19 sep 2013
nifty sep expiry future last closed at 5941 with gains of 61 points.today nifty opened at 5890 made low was near 5865 and intraday high was at 5945.total 80 points intraday range and closed with gains as expected.
on futures side,short covering continues and hence 2% cut in open interest seen today.on option side 5800 put option traded with high volume and closed in red while 6000 call option continue to gain on high volume.
for tomorrow,nifty may show wide move on news flow.but as trend and momentum is bullish keep buying view near 5900 with stoploss and expect target of 5980-6050 in intraday.below 5850 keep short view!
Banknifty future forecast for 19 sep 2013
banknifty sep expiry future last closed at 10525 with gains of 194 points.today banknifty future opened at 10365 made low near 10285 while intraday high was 10538.total almost 250 points range and closed with gains as expected.
on futures side,fresh buying with 1% long open interest while on option side,put option writers shifted from 9500 to now at 10k and closed in red with high volume suggest bulls confidence while 11k call option seen buying on high volume.
for tomorrow,buy near 10400 with stoploss and expect target 10700+.below 10290 keep sell on rise view!!
Intraday Stocks forecast for 19 sep 2013
for tomorrow my pick will be Reliance Infrastructure Limited share.RELINFRA share today opened at 377 made low at 371 and hit high near 381 and closed near it.here buy near 370-375 zone for intraday with stoploss 360 and expect target of 405 on upside.option trades can buy 380 call option with same stoploss.