nifty banknifty intraday trading view 14th October 2013
Nifty future intraday trading view
nifty oct expiry future last closed at 6123 with gains of 64 points.today nifty future hit high at 6143 while low was at 6072.total 70 points intraday range and closed with gains as expected and almost achieved given target of 6150.
on future side,5.76% open interest build up shows strong long accumulation.while on option side 6000 put option writing started on strong volume and closed in red while 6200 call option closed in green as buying continues.
for monday hold long positions with trailing stoploss below 6100 and expect upside target 6180-6225 in intraday.
Banknifty future intraday trading view
banknifty oct expiry future last closed at 10668 with gains of 305 points.in intraday banknifty future made high at 10708 while low was at 10357.total 350 points intraday rally and closed with gains and achieved our given targets.
on futures side,10% open interest adds suggesting strong hand accumulation with sharp short covering.on option side,10k put option closed in red as writers are busy there while 11k call option closed with gains on high volume.
for monday,buy near 10600 with stoploss below 10500 and keep target at 10850-11k on upside.trapped shorts still trying to exit so expect another spike.
Intraday Stocks tips for 14 oct 2013
for tomorrow my pick will be Reliance Communications Limited share.today rcom share closed at 150 flat negative.today rcom shares high was 153.8 while low was at 149.8 and closed near it.on monday buy near 148-149 range with stoploss below 144 and expect target 160+.