Market forecast for 20 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 20 March 2014.

Market forecast for 20 March 2014

NIFTY March expiry future last closed at 6347 with flat. In Intraday NIFTY, future made high at 6573 while low was at 6531. Total almost 42 points intraday range and closed flat on consolidation. On futures side, +1.49% open interest build up suggest long accumulation continuation. On option side, 6500 put options writing was seen which support on downside is for now. Nifty future is consolidating and building base for next move. Above 6480, keep long view with strict stop loss.


BANKNIFTY March expiry future last closed at 12,250 with gain of 70 points. In intraday BANK NIFTY, future hit high at 12,315 while low was at 12,178. Total 150 points intraday range and closed with gain. On futures side+0.94% open interest build up suggest follow up buying. On option side, 12,500 call option writing has been seen. For tomorrow, banknifty outlook is bullish and above 12,000, level traders keep buy on dips view with strict stop loss in place.


India VIX current future last closed at 1755 with almost 48 points loss. In intraday NVIX hit high at 1822 while low was at 1747. Total 75 points intraday range and profit booking as market stay in range. On futures side+13% open interest build up suggest fresh shorts additions. For tomorrow, 1740 is support and 179 is resistance.


Hindustan Petroleum Corporation Limited stock closed at 292 with loss. In intraday stock hit high at 298 while low was near 290. For tomorrow, traders can buy this stock near 289-290 levels with strict stop loss below 286 and for target 305.

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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