Nifty Banknifty and stocks forecast for 10 Jan 2014

Nifty Banknifty and stocks forecast for 10 Jan 2014

Nifty Jan. expiry future last closed at 6193 with 5 points loss. In Intraday NIFTY, future made low at 6161 while high was at 6203. Total almost 42 points intraday range and closed with loss.

On futures side, +3.49% open interest build up suggest some short addition. On option side, 6100 put options and 6300 call options both closed in red on fresh writing.

For tomorrow, traders must keep long view for nifty. Buy near 6180 zone with Stoploss below 6140 and keep target at 6380.

Bank Jan. expiry future last closed at 11,021 with loss of 82 points. In intraday BANK NIFTY, future hit high at 11,133 while low was at 10,951. Total 200 points intraday range and closed with loss.

On futures side, +1.84% open interest build up short addition. On option side, 10,500 put options closed in green on high volume. 11,500 call options closed in red on fresh writing.

For tomorrow, traders must keep long view for bank nifty future. Buy bank nifty future around 11,000 zones with Stoploss 11,880 and for target 11,300+.

Today HDFC Bank Limited stock closed at 664 with loss. In intraday stock hit high at 666 while closed near low of 657. For tomorrow, traders can buy this stock around 660, zone with Stoploss 648 and for target 680-690 on upsides.

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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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