Market forecast for 20 sep 2013

Market forecast for 20 sep 2013

Nifty future forecast for 20 sep 2013

nifty sep expiry future last closed at 6142 with gains of 212 nifty future opened at 6077 made low around 6072 and closed near high of 100 points intraday rally and strong breakout on high volume.given target achieved and on chart medium term target achieved now watch for long term target of 6250-6480!

on futures side,3.5% open interest build up suggest long creations while 6000 put option closed in deep red on high volume and suggest fresh shorts by writers.while nifty 6200 call option closed with gains on buying.

for tomorrow,expect some correction and then buying spree near 6100-6120 zone with stoploss and keep target at 6200-6250 in intraday.with same view can buy 6200 call option for intraday.

Banknifty future forecast for 20 sep 2013

banknifty sep expiry future last closed at 11201 with gains 701 banknifty future opened at 11011 made low near 10925 and closed near high of almost 300 points intraday range and now entered in bull zone on long term chart.

on futures side,8% cut in open interest show how trapped shorts exiting in panic on every upside.on option side,10500 put option closed in red on high volume ad writers active in there while 11500 call option closed with gains as short covering seen by writers.

for tomorrow,buy near 11k-11100 zone with stoploss for another 300-400 points upside rally.below 11k expect correction and consolidation phase for 2-3 trading session.

Intraday Stocks forecast for 20 sep 2013

for tomorrow my pick will be Hindalco Industries Limited HINDALCO share last closed at 118.25 with gains over opened at 117.1 made low near 116 and high was near 4 rupee range and moving toward breakout buy near 117 with stoploss 114 and expect target 124+ in intraday.option traders can buy 120 call option only for intraday.

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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