Nifty Banknifty and stocks forecast 27 December 2013

Nifty Banknifty and stocks forecast 27 December 2013

Nifty Banknifty and stocks forecast 27 December 2013

Nifty Jan. expiry future last closed at 6343 with 5 points gain. In Intraday NIFTY, future made low at 6330 while high was at 6362. Total almost 32 points intraday range and closed with gains.

On futures side, +18.84% open interest build up suggest long positions rollovers. On option side, 6200 put options and 6500 call options both closed in red on fresh writing.

For tomorrow, traders must keep long view for nifty. Buy near 6320-6330 zone with Stoploss below 6280 and expect 6380 as first target and if sustain above it then 6450 will be next one.

Bank Jan. expiry future last closed at 11,530 with gains of 76 points. In intraday BANK NIFTY, future hit high at 11,544 while low was at 11,412. Total 140 points intraday range and closed with gains.

On futures side, +55.15% open interest build up shows heavy long rollovers. On option side, 11,000 put options closed in red on high volume. Fresh writing and profit booking is seen there. 11,500 call options closed in green on short covering.

For tomorrow, traders must keep long view for bank nifty future. Buy bank nifty future around 11,450 zones with Stoploss 11,300 and for target 11,650.

Today Hindalco Industries Limited stock closed at 120.9 with almost 1% loss. In intraday stock hit high at 122.7 while closed near low of 120.65. For tomorrow, traders can buy this stock around 118, zone with Stoploss 114 and for target 123-125 on upsides. If sustain above 112 then expect 135-141 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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