Nifty Banknifty and stock tips 28 October 2013
Nifty future outlook 28 oct 2013
nifty oct expiry future last closed at 6141 with loss of 33 points.in intraday nifty future made high at 6188 while low was at 6130.total 58 points intraday range and closed in red as expected.
on futures side,6.47% open interest cut shows fresh huge shorts created in system while profit booking continues.on option side,6100 put option closed in green on high volume buying while 6200 call option closed in red high volume writing.
for monday,with stoploss of 6180 keep short view for downside target 6050-6000 in intraday.
Banknifty future outlook 28 oct 2013
banknifty oct expiry future last closed at 10893 with loss of 24 points.in intraday banknifty future made high at 10975 while low was at 10800.total 175 points intraday range and closed with loss.
on futures side,0.45% open interest build up suggest shorts added in system while on option side,10500 put option closed in red on high volume writing while same seen in 11k call option.
for monday,below 11k keep sell on rise view for banknifty future and expect 10500-10400 as target zones.
Intraday Stocks outlook 28 oct 2013
for tomorrow my pick will be Oil & Natural Gas Corporation Limited share.today ONGC share closed at 283 with flat loss.in intraday ongc made high at 286.4 while low was at 281.for Mondays traders go short near 285 with stoploss at 291 and for target 270 and below.