Market forecast for 24 sep 2013
Nifty future forecast for 24 sep 2013
nifty sep expiry future last closed at 5912 with loss of 125 points.today nifty future opened at 5983 made low at 5887 while intraday high was 6011.total 124 points intraday range and closed in red with heavy loss and profit booking triggers.
on future side,1.5% drop in open interest suggest heavy profit booking as well as fresh shorts in market.while on option side 6000 call option traded with high volume and closed in red while 5900 put option high volume and green closing suggest fresh longs!!
for tomorrow,with trailing stoploss of 5940 hold shorts in nifty future for target 5880 and then 5700 on downside.or hold 5900 put option with same stoploss.
Banknifty future forecast for 24 sep 2013
banknifty sep expiry future last closed at 10235 with loss of 488 points.today banknifty future opened at 10515 made high at 10550 and low was 10205.total 250 points intraday range and closed in red on heavy profit booking.
on futures,2.5% drop in open interest suggest fresh shorts as well as heavy profit booking.on option side,10k put option traded with high volume and closed in green with fresh longs while 11k closed in red on high volume and writers bust there writing whole day!!
for tomorrow,hold shorts with trailing stoploss above 10330 and expect target of 10100-10k on downside.or hold 10k put option with same stoploss.
Intraday Stocks forecast for 24 sep 2013
for tomorrow my pick will be Voltas Limited share.today VOLTAS share closed at 73.3 with loss of 2.335 drop.today opened at 74.75 made high at 74.85 and low was 73.for tomorrow sell near 74 with stoploss just above 76 and expect target of 70-68 in intraday.