Nifty banknifty stock tips for 27 November 2013
Nifty future outlook 27 Nov 2013
Nifty Nov. expiry future last closed at 6-67 with loss of 67 points. In intraday nifty November expiry, future made high at 6122 while low was at 6062. Total 60 points intraday range and closed with loss as profit booking triggers.
On futures side, 17.47% cut in open interest shows heavy profit booking hit the market. While on option side, 6100 put as well as call option traded with heavy volumes.
For tomorrow, 27 November 2013 Wednesday traders above 6050 keep long view for nifty future and accept this as correction after rally. On upside 6125-6180 will remain as targets. If breaks 6050 level with volume then downside upto 5980 will be target on downside.
Bank nifty future outlook 27 Nov 2013
Bank nifty Nov. expiry future last closed at 10937.9 with loss of 179-points.in intraday bank nifty November expiry future made high at 11158 while low was at 10910.total almost 250 points intraday range for bank nifty future and closed in red on heavy profit booking.
On futures side, 2.48% drop in open interest clearly shows traders taking profits off the table. While on option side, 11200-call option traded with high volume and closed in red.11, 000 put options closed in green on high volume.
For tomorrow, traders keep strict Stoploss at 10880 for all long positions in bank nifty future. Below that, expect downside upto 10400-10200 levels.
Intraday Stocks Tips 27 Nov 2013
For today, my pick will be Bajaj Auto Limited share. Today BAJAJ-AUTO stock closed at 1936 with loss of 4 rupees. In intraday BAJAJ-AUTO share made high at 1949 while low was at 1918.for tomorrow sell near 1940 with Stoploss of 1965 and expect target 1880 on downside.