Nifty Banknifty and stocks forecast 17 Jan 2014

Nifty Banknifty and stocks forecast 17 Jan 2014

Nifty Jan. expiry future last closed at 6331 with one points gain. In Intraday NIFTY, future made low at 6304 while high was at 6351. Total almost 50 points intraday range

and closed with gains.

On futures side, +4.51% open interest build up suggest long positions addition. On option side, upside sift is seen suggesting higher targets ahead.

For tomorrow, traders must keep long view for nifty. Buy near 6300 with strict Stoploss 6260 for target 6380-6425 zones.

Bank Nifty Jan. expiry future last closed at 11,091 with loss of 57 points. In intraday BANK NIFTY, future hit high at 11,200 while low was at 11,075. Total 125 points

intraday range and closed with gains.

On futures side, -2.03% open interest build shed shows profit booking. On option side, put option writers shifted to 11,000 put option suggesting upside ahead.

For tomorrow, traders must keep long view for bank nifty future. Buy bank nifty future around 10,950 zones with Stoploss 10,800 and for target 11,300.

Today ICICI Bank Limited stock closed at 1059 with gain. In intraday stock hit high at 1066 while low was near 1049. For tomorrow, traders can buy this stock around

1050-1055, zone with Stoploss 1030 and for target 1110 on upsides.

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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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