Market outlook 13 November 2013

Market outlook 13 November 2013

Nifty future outlook 13 Nov 2013

nifty nov expiry future last closed at 6065 with loss of 62 points.in intraday nifty future made high at 6153 while low was at 6063.total 90 points intraday range and closed in red as expected.

on futures side,0.17% drop in open interest shows profit booking continue in market.on option side,6000 put option closed with gains on buying as well as short covering.6200 call option continue to tumble down on heavy volume writing.

on Wednesday,expect some downside for nifty.may show 6000-5980 levels but technically trading in oversold zone.so expect short covering here so keep tight stoploss for all shorts.

Banknifty future outlook 13 Nov 2013

banknifty nov expiry future last closed at 10645 with loss of 195 points.in intraday banknifty future made high at 10945 while low was at 10643.total 300 points intraday range and closed in red as expected.

on futures side,7.44% open interest build up shows that large shorts added today.while on option side,10500 put option continue to gains on high volume buying interest.while 11k call option closed in red on high volume writing.

here below 10850 keep short view.on Wednesday may show dips upto 10300.but technically oversold and now expect some sharp recovery from bottom.

Intraday Stocks Tips 13 Nov 2013

for tomorrow my pick will be IDFC Limited share.today IDFC stock closed at 102 with almost 1% drop.in intraday IDFC stock made high at 105.75 while low was at 101.7.here traders must buy for intraday around 100-101 level with stoploss at 97 and for target 106-108 in intraday.

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The Author

Pramod Baviskar

Professional Market Trader And Owner Of Dalal Street Winners Advisory And Coaching Services. Working Since 2007 And Online Presence Since 2010. We Provide Highly Accurate And Professional 1 Entry And 1 Exit Future, Option, Commodity, Currency And Intraday Stock Tips On Whatsapp With Live Support And Follow Up.

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