market forecast for 3 oct 2013
Nifty future outlook 3 oct 2013
nifty oct expiry future last closed at 5833 with gains of 42 points.nifty future made intraday high at 5837 and closed near it while intraday low was 5754.total 80 points intraday range and short covering and buying seen in market.here this bounce back may extend upto 5900-5980.
on futures side,3.31% cut in open interest suggest fresh short covering.while on option side,5700 put option closed with loss on high volume while 6000 call option seen buying and closed with gains.
for tomorrow,traders expect bounce back to continue so buy near 5800-5810 with stoploss below 5760 and expect target 5880-5940 on upside.
Banknifty future outlook 3 oct 2013
banknifty oct expiry future last closed at 9981 with gains of 282 points.banknifty future in intraday made high at 9983 and closed near it while low was 9657.total almost 350 points intraday rally and closed with gains.
on future side,5% open interest build up suggest fresh long build up while on option side,9000 put option closed in red on high volume and suggest fresh shorts while 10k call option closed in green on high volume and suggest fresh buying.
for tomorrow,buy near 9850 with stoploss and expect 10100-10200 as upside target.above 10200-10300 spot level trend will change on bull side so watch for that.
Intraday Stocks outlook 3 oct 2013
for tomorrow my pick will be Jaiprakash Associates Limited share.in intraday JPASSOCIAT share opened at 35.1 made intraday high at 35.6 while intraday low was 34.55 and closed at 35.1.here showing reversal signs on chart so buy JPASSOCIAT share near 35 with stoploss below 34 and expect target 37-38 in intraday.