Market forecast for 3 sep 2013
Nifty forecast for 3 sep 2013
nifty sep expiry future last closed at 5555 with gains of 98 points.today nifty future opened at 5464 made low at 5458 while high was 5568 and closed near it.total 110 points rally from low and closed near high on account of value buying and strong short covering.4.14% long buildup seen on open interest side.
on option side,5600 call option seen high volume and closed with gains.for tomorrow expect 5600-5650 as next target while on down side 5480 is support and stoploss for all long traders must stay below it.
Banknifty forecast for 3 sep 2013
banknifty sep expiry future last closed at 9195 with gains of 130 points or 1.43% gains.today banknifty future opened at 9090 made low at 9065 and made high at 9290.total almost 200+ points intraday rally and closed near highs.on long side +0.61 open interest build up seen.
on call option side,banknifty 10k call seen high volume and closed with gains while on put option side banknifty 9000 put option traded with high volume.
for tomorrow 9000 is support and stoploss for long traders and above it traders can put there targets at 9280-9400 on upside.or buy banknifty 9500 call option.
Stocks forecast for 3 sep 2013
for tomorrow my pick will be Larsen & Toubro Limited share.today closed at 725 flat positive.today LT share opened at 724 made low at 724 while high was 734.very narrow range and suggesting reversal sign on chart.so buy near 715-720 zone with strict stoploss below 698 and expect target of 750-760 in intraday.