Market outlook 12 November 2013
Nifty future outlook 12 Nov 2013
nifty nov expiry future last closed at 6135 with loss of 52 points.in intraday nifty future made high at 6189 while low was at 6113.total 76 points intraday range and closed with loss.
on futures side,4.45% open interest shows strong hand added shorts in system.while on option side,6100 put option closed in green on high volume buying.while 6200 call option closed in red on high volume writing.
for Tuesday,traders keep short view on nifty with stoploss just above 6150 and for target 6050-5980 on downside.
Banknifty future outlook 12 Nov 2013
banknifty nov expiry future last closed at 10842 with loss of 147 points.in intraday banknifty future made high at 11020 while low was at 10761.total 250+ points intraday range and closed in red on fresh short accumulation.
on futures side,1.61% open interest build up shows fresh shorts are added in system.on option side,11500 call option closed in red as writing continues.while 10500 put option closed with gains on high volume buying interest.
for Tuesday 12 nov,traders with stoploss of 10900 keep short view for banknifty future.expect targets at 10550 and then 10300 on downside.
Intraday Stocks Tips 12 Nov 2013
for tomorrow my pick will be UltraTech Cement Limited share. today ULTRACEMCO stock closed at 1906 with loss of 21 rupee.in intraday ULTRACEMCO share made high at 1921 while low was at 1887.for tomorrow sell ULTRACEMCO stock near 1915 with stoploss of 1940 and for target 1850 and below.