Nifty Banknifty and stocks forecast 7 Jan. 2014

Nifty Banknifty and stocks forecast 7 Jan. 2014

Nifty Jan. expiry future last closed at 6227 with 25 points loss. In Intraday NIFTY, future made low at 6203 while high was at 6249. Total almost 45 points intraday range and closed with loss.

On futures side, +5.2% open interest build up suggest fresh short addition. On option side, 6200 put options closed in green while 6300 call options closed in red.

For tomorrow, traders must keep long view for nifty. Buy near 6200 zone with Stoploss below 6150 and expect 6325 as positional target.

Bank Jan. expiry future last closed at 11,115 with loss of 161 points. In intraday BANK NIFTY, future hit high at 11,265 while low was at 11,055. Total 200 points intraday range and closed with loss.

On futures side, +11.75% open interest build up shows heavy short addition. On option side, 11,000 put options closed in green on high volume. 11,500 call options closed in red on writing.

For tomorrow, traders must keep long view for bank nifty future. Buy bank nifty future around 11,000 zones with Stoploss 10,900 and for target 11,300.

Today Syndicate Bank stock closed at 93.2 with almost 2.2% loss. In intraday stock hit high at 95 while closed near low of 92. For tomorrow, traders can sell this stock around 93-94, zone with Stoploss 97 and for target 86 on downside.

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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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