nifty banknifty f&o tips 18th October 2013
Nifty future outlook 18 oct 2013
nifty oct expiry future last closed at 6066 with loss of 45 points.today nifty future made high at 6139 while low was at 6058.total almost 80 points intraday range and closed in red as expected.
on future side,0.37% open interest build up suggest fresh shorts? while on option side,6000 put option closed in red on high volume writing while 6200 call option also closed in red as profit booking triggers.
for friday,expect follow of todays sell off.so expect downside target of 6000-5980 with stoploss at 6100.
Banknifty future outlook 18 oct 2013
banknifty oct expiry future last closed at 10368 with loss of 59 points.today banknifty future made high at 10463 while low was at 10295.total 150 points intraday range and closed in red as profit booking triggers in market.
on futures side,2.08% open interest build up suggest fresh shorts added in system while on option side,10k put option and 11k call option both closed in red on high volume.
for friday 18th,expect downside and below 10300 go sort for target 10100 and below with stoploss 10400.go short below 10300 only!!
Intraday Stocks outlook 18 oct 2013
for tomorrow my pick will be IDFC Limited share.today IDFC share closed around 93 with loss.intraday high was at 94.95 while low was at 92.75 and closed near lows.here sell near 94 with stoploss just above 97 and expect downside target of 88-86 in intraday.or buy 100 put option for intraday with same stoploss.