Nifty Banknifty intraday outlook for 26 November 2013

Nifty Banknifty intraday outlook for 26 November 2013

Nifty future outlook 26 Nov 2013

nifty nov expiry future last closed at 6131 with gains of 116 points.in intraday nifty future made high at 6141 while low was at 6050.total 91 points intraday range and closed with gains as expected.

on futures side,-11.14% open interest cut shows sharp short covering rally before expiry.on option side,6100 call option closed in green on buying interest and 6000 put option closed in red as writers are there with heavy volumes.

for 26th nov Tuesday,traders buy nifty future near 6100 with stoploss at 6050 and expect target 6180-6225 on upside till expiry.

Banknifty future outlook 26 Nov 2013

banknifty nov expiry future last closed at 11,116 with gains of 403 points.in intraday banknifty future made high at 11133 while low was at 10810.total 350 points intraday range and closed with gains as expected.

on future side,-13% cut in open interest shows strong hands covered all there shorts.while on option side,10500 put option tumbled on heavy volume writing and 11k call option closed with heavy gains on short covering as well as fresh buying.

for Tuesday,banknifty is buy on dips.buy near 11k level with stoploss of 10880 and expect target 11450-11650 till expiry day!!

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Intraday Stocks Tips 26 Nov 2013

for today my pick will be HCL Technologies Limited share.today HCLTECH stock closed at 1051 with gains.in intraday made high at 1069 while low was at 1043.for 26th nov /Tuesday traders must buy stock near 1045 with stoploss below 1030 and expect target 1090-1115 in intraday!!

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