Market forecast-heading towards 6330
Nifty future outlook 19 Nov 2013
nifty nov expiry future last closed at 6225 with gains of 136 points.in intraday nifty future made high at 6227 while low was at 6151.total 76 points intraday rally from bottom and closed with heavy gains as short covering continues.
on futures side,4.21% open interest build up shows longs are added in system.while on option side,6100 put option continue to bleed and closed in red on heavy writing.while 6200 call option closed in green with heavy volume buying.
for Tuesday,19th trader above 6180 keep buy on dips view for upside target 6300-6330 in this week.
Banknifty future outlook 19 Nov 2013
banknifty nov expiry future last closed at 11207 with gains of 346 points.in intraday banknifty November future made high at 11210 while low was at 11000.total 210 points intraday rally and closed with gains as short covering continues.
on futures side,5.02% open interest build up suggest strong hands added long in system.on option side 11k put option closed in red on high volume writing while 11500 call option sees some buying action.
for Tuesday,traders buy banknifty future near 11100 with stoploss at 10900 and expect 11500-11850 as upside targets in this week.
Intraday Stocks Tips 19 Nov 2013
for today my pick will be Hero MotoCorp Limited share.today heromotoco stock closed at 2049 flat.in intraday made low at 2042 while intraday high was at 2069.for today buy near 2040 with stoploss 2010 and for target 2120+.