Nifty Banknifty and stocks tips 24 October 2013
Nifty future outlook 24 oct 2013
nifty oct expiry future last closed at 6187 with loss of 36 points.today nifty future made high at 6230 while low was at 6126.total 106 points intraday range and closed with loss.
on future side,6.54% rise in open interest shows fresh long added in this dip.while in options nifty 6100 put option closed with gains on high volume while 6200 call option closed in red on profit booking.
as i already told in last analysis,buy near 6150 only so those brought long positions in todays dip must keep stoploss below 6098 and keep target 6325 till expiry!!
Banknifty future outlook 24 oct 2013
banknifty oct expiry future last closed at 10905 with gains of 54 points.today banknifty future made high at 10943 while low was at 10751.total 200 points intraday range and closed with gains.
on futures side,4.06% open interest build up suggest strong buyers still betting long in market.while on option side,10500 put option closed in red on high volume writing while 11k call option closed in green on high volume buying.
here 11k target almost achieved now expect breakout for 11.5k till this expiry.10500 is stoploss and support level on downside.
Intraday Stocks tips 24 oct 2013
for tomorrow my pick will be Jindal Steel & Power Limited share. today JINDALSTEL share closed at 245.3 with almost 1% drop.today JINDALSTEL stock made high at 249.5 while low was at 243.05.for tomorrow buy near 242-243 zone with stoploss at 234 and keep target at 255+.