Market prediction 2014 May 28

Market prediction 2014 May 28

Market prediction 2014 May 28

 

NIFTY May expiry future last closed at 7313 with 48 points loss. In Intraday NIFTY, future made high at 7365 while low was at 7281. Total almost 85 points intraday range and closed with gains loss as suggested in yesterdays prediction. On futures side, -13.12% open interest cut suggest sharp profit booking from long traders as well as some short addition. On option side, 7400 call options writing was seen which is upcoming resistance. For tomorrow, keep buy on dips view and use 7280-7250 zone for buying and accumulation with strict stop loss below 7200 for target 7310-7350.

 

BANKNIFTY May expiry future last closed at 15,075 with loss of 118 points. In intraday BANK NIFTY, future hit high at 15,214 while low was at 14,950. Total 250 points intraday range and closed with loss. On futures, sides +1.68% open interest build up suggest fresh short addition. On option side 15,000 put options writing has been seen. For tomorrow, traders must use 15,800 to 15,900 zones for buying with strict stop loss for target 15,250.

 

India VIX active future last closed at 1910 with almost 27 points loss. In intraday NVIX hit high at 1949 while low was at 1900. Total 49 points intraday range and closed with loss. On futures, side -10.34% open interest cut seen. For tomorrow, below 1935 keep short view for deep downside target.

 

Bharat Heavy Electricals Limited stock closed at 245 with loss. In intraday stock hit high at 260 while low was near 240. For tomorrow, traders can buy this stock near 240-242 levels with strict stop loss 234 for targets 260.

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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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