market forecast for 5 sep 2013
Nifty future forecast for 5 sep 2013
nifty sep expiry future last closed at 5450 with gains of 105 points.in intraday nifty future opened at 5338 and hit low near 5318 but as global cues supported and rupee rallied we seen sharp profit booking on short side hence short covering.nifty future today hit high near 5475 and closed near it.total almost 155 points bottom to top rally seen.on open interest side 1% cut seen on account of sharp short covering.
nifty option side,5200 put option traded with high volume and writing seen on that side while 5600 call option closed with gains and high volume and some buying seen.
for upcoming time volatility remain so that trading remain to be difficult .but for now traders hold long positions with stoploss below 5420 and expect rally to extend upto 5490-5520 on upside.
Banknifty future forecast for 5 sep 2013
banknifty sep expiry future last closed at 8905 with gains of 215 points.in intraday banknifty future opened at 8500 and that was low also and made high near 8968 and closed near it.here 450+ points rally in intraday and closed with gains on sharp short covering.almost 3%+ cut seen on account of short covering.
on banknifty option side,banknifty 8500 put option traded with high volume and closed in red on account of fresh shorts while on call side 9000ce seen gains as well high volume action.
for tomorrow above 8840 hold buy on dips view for intraday with stoploss and expect target of 9100-9200 on upside.above 9000 we may see again short covering rally of 200-400 points.
Intraday Stocks forecast for 5 sep 2013
for tomorrow my pick will be IDFC Limitedstock.today idfc share closed at 79.7 with gains of flat gains.in intraday IDFC share made low near 78.7 while high was near 81.6.total 2 rupee range and closed with gains and showing signs of long accumulation.so by near 78 with stoploss below 74 and expect target of 86-88 in intraday.option traders can buy 80ce with same stoploss for 20-30% gains in intraday.
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