Nifty banknifty and stocks forecast 1 January 2014

Nifty banknifty and stocks forecast 1 January 2014

 

Nifty Jan. expiry future last closed at 6355 with 21 points gain. In Intraday NIFTY, future made low at 6339 while high was at 6380. Total almost 41 points intraday range and closed with gains.

On futures side, +2.57% open interest build up suggest long positions addition. On option side, 6300 put options closed in red on fresh writing while 6400 call options closed in green on buying interest.

For tomorrow, traders must keep long view for nifty. Buy near 6320-6330 zones with Stoploss below 6280 and expect 6425 as intraday target.

Banknifty Jan. expiry future last closed at 11,475 with gains of 11 points. In intraday BANK NIFTY, future hit high at 11,514 while low was at 11,411. Total 100 points intraday range and closed with gains.

On futures side, +2.17% open interest build up shows fresh long addition. On option side, 11,000 put options closed in red on high volume. 12,000 call option also closed in red on high volume.

For tomorrow, traders must keep long view for bank nifty future. Buy bank nifty future around 11,400 zones with Stoploss 11,300 and for target 11,650.

Today Oil & Natural Gas Corporation Limited stock closed at 289 with loss. In intraday stock hit high at 292 while closed near low of 287. For tomorrow, traders can buy this stock around 288-228, zone with Stoploss 280 and for target 296 on upsides. If sustain above 275 then expect 315-340 as target zone for this stock in Jan. Series.

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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