Nifty-banknifty-Stock view 22 October
Nifty future outlook 22 oct 2013
nifty oct expiry future last closed at 6236 with gains of 26 points.today in intraday nifty future made high at 6239 while low was at 6182.total almost 60 points intraday range and continue to rally as expected.
on future side,3.07% open interest build up suggest strong hand buying.on option side,6100 put option writers still active and closed in red.while 6300 call option sees some gains on buying on high volume.
for Tuesday,expect upside upto 6310-6350 while 6180-6200 is buying zone with stoploss 6150.
Banknifty future outlook 22 oct 2013
banknifty oct expiry future last closed at 10825 with gains of 22 points.today banknifty future made high at 10919 while low was at 10733.total almost 200 points intraday range and closed with gains as expected.
on future side,3.8% open interest build up suggest strong hand buying.while on option side 10500 put option writers supporting rally on high volume while 11k call option is still stiff resistance and closed with gains.
here buy near 10800 zone only with stoploss 10600 and expect sharp upside target of 11k and 11.5k in very short terms.
Intraday Stocks outlook 22 oct 2013
for tomorrow my pick will be Tata Motors Limited share. today TATAMOTORS share closed at 380 flat positive.intraday high was at 391.5 while low was at 378.5.here showing reversal and expect sharp short covering rally here.so buy neat 378 with stoploss 368 and expect target 405+ in intraday.