Nifty banknifty stocks forecast 9 sep 2014

Nifty banknifty stocks forecast 9 sep 2014

NIFTY Sep. expiry future last closed at 8192 with 76 points gain. In Intraday NIFTY, future made high at 8197 while low was at 8138. Total almost 70 points intraday range and closed with gain. On futures side, +3.29% open interest build up suggest strong long addition. On option side, 8100 put options writing was seen which is strong support on downside. For tomorrow, traders keep long view on market with strict stop loss below 8140 for target 8250. Look like nifty spot will achieve its Sep target of 8300+.

BANKNIFTY Sep. expiry future last closed at 16,256 with gain of 195 points. In intraday BANK NIFTY, future hit high at 16,287 while low was at 16,108. Total 200 points intraday range and closed with gain. On futures, side +6.16% open interest build up suggest strong long addition. On option side 16,500 call options writing has been seen. For tomorrow, hold long with trailing stop loss at 16,100 for target 16,450. Option traders continue to accumulate and buy in 16k call options.

India VIX active future last closed at 1290 with almost 60 points loss. In intraday NVIX hit high at 1290 while low was at 1290. Total 0 points intraday range and closed with loss. On futures, side -6600 open interests seen. For tomorrow, expect downside up to 1250.

Hero MotoCorp Limited stock closed at 2776 with gain. In intraday stock hit high at 2850 while low was near 2756. For tomorrow, traders can sell this stock near 2800 levels with strict stop loss 2860 for targets 2700.

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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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