Nifty banknifty and stocks forecast 9 January 2014

Nifty banknifty and stocks forecast 9 January 2014

Nifty Jan. expiry future last closed at 6197 with 3 points gain. In Intraday NIFTY, future made low at 6184 while high was at 6217. Total almost 33 points intraday range and closed with gains.

On futures side, -2.53% open interest shed suggest short covering. On option side, 6200 put options and 6300 call options both closed in red on fresh writing.

For tomorrow, traders must keep long view for nifty. Buy nifty future near 6180 with strict Stoploss below 6140 for target 6280+.

Bank Jan. expiry future last closed at 11,109 with gains of 11 points. In intraday BANK NIFTY, future hit high at 11,181 while low was at 11,035. Total 150 points intraday range and closed with gains.

On futures side, +0.26% open interest build up fresh long addition. On option side, 10,500 put options closed in red on high volume and 11,500-call option closed in red on profit booking.

For tomorrow, traders must keep long view for bank nifty future. Buy bank nifty future around 11,000 zones with Stoploss 10,850 and for target 11,340.

Today Biocon Limited stock closed at 475.5 with loss. In intraday stock hit high at 480 while closed near low of 471. For tomorrow, traders can sell this stock around 480, zone with Stoploss 485 and for target 470 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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