Nifty future forecast for 26 sep 2013
nifty sep expiry future last closed at 5888 with loss of 26 points.today nifty future opened at 5920 made high at 5923 while intraday low point was 5820.total 103 points intraday range and closed in red as expected.
on futures side,7% open interest build up suggest fresh shorts while on options side,5800 put option traded on high volume and closed in red on profit booking while 5900 call option closed in red with high volume.
for tomorrow above 5850 keep long view and expect some short covering from trapped traders and on upside 5940-5980 will be seen as target.or buy nifty 5900 call option oct for intraday.
Banknifty future forecast for 26 sep 2013
banknifty sep expiry future last closed at 10109 with loss of 95 points.today banknifty future opened at 10310 high at 10320 and made low at 9930.total almost 400 points intraday volatility and closed in red on profit booking.
on futures side,8.32% open interest build up suggest fresh shorts while on option side,10k put option traded on high volume and closed in red on profit booking and same seen on 10500 call option.
for tomorrow,above 10k hold buy on dips view and expect 10350 and 10450 as upside targets in intraday.or buy 10200 call option of oct expiry for intraday.
Intraday Stocks forecast for 26 sep 2013
for tomorrow my pick will be Ranbaxy Laboratories Limited share.today RANBAXY share closed at 330 with almost 15 drop.today RANBAXY opened at 330 made high at 337 while low was near 326.for tomorrow buy near 327 with stoploss below 317 and expect target of 350-355 in intraday.