Nifty-banknifty-Stock view 22 October

Nifty-banknifty-Stock view 22 October

Nifty future outlook 22 oct 2013

nifty oct expiry future last closed at 6236 with gains of 26 in intraday nifty future made high at 6239 while low was at 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 banknifty future made high at 10919 while low was at 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 showing reversal and expect sharp short covering rally buy neat 378 with stoploss 368 and expect target 405+ in intraday.

The Author

Pramod Baviskar

Professional Market Trader And Owner Of Dalal Street Winners Advisory And Coaching Services. Working Since 2007 And Online Presence Since 2010. We Provide Highly Accurate And Professional 1 Entry And 1 Exit Future, Option, Commodity, Currency And Intraday Stock Tips On Whatsapp With Live Support And Follow Up.
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