Nifty future forecast for 25 sep 2013
nifty sep expiry future last closed at 5917 with gains of 2.6 points.today nifty future opened at 5899 made low at 5875 while intraday high was 5962.total 87 points intraday range and closed flat positive.
on future side 12% open interest shows long build up while on option side,5900 put option closed in red with high volume and suggest writing while 6000 call option given same closing on high volume and writing continues?
for tomorrow below 5950 hold short view or sell on rise view and expect target 5880-5800 on downside.or buy 5900 put option on decline with strict stoploss for intraday only.
Banknifty future forecast for 25 sep 2013
banknifty sep expiry future last closed at 10202 with loss of 42 points.today banknifty future opened at 10100 made low near 10039 and intraday high was at 10327.total almost 300 points intraday range and closed in red as expected.
on futures side,4.66% open interest build up suggest heavy shorts opened today.while on options side 10500 call option traded with high volume and closed in red on fresh shorts while 10k put option also closed in red and writing seen on high volume.
for tomorrow below 10300 keep short view and hold short positions in banknifty future for target 10k and then 9800 in intraday.or buy and accumulate in 10k put option with strict stoploss.
Intraday Stocks forecast for 25 sep 2013
for tomorrow my pick will be Tata Steel Limited share.today TATASTEEL share closed at 293 with loss.today opened at 291 made low near 290 while intraday high was 297.for tomorrow sell near 295 with stoploss 302 and expect target 280 and below in intraday.or buy 300 put option with same stoploss.