Premarket trading tips for 11 October 2013
Nifty future trading tips for 11 October 2013
nifty oct expiry future last closed at 6070 with gains of 22 points.today nifty future made high at 6073 while low was at 6005.total 70points intraday range and closed with gains as expected.
on future side,3.69% open interest build up suggested long added.while on option side 5800 put option continue to tumble as writers aggressive there on high volume.while 6200 call option closed with gains on high volume suggest upcoming rally.
for tomorrow,stay long with stoploss below 6040 and expect target 6150+ as upside target.
Banknifty future trading tips for 11 October 2013
banknifty oct expiry future last closed at 10383 with loss of 17 points.today banknifty future made high at 10439 while low was 10253.total 200 points intraday range and closed negative.
on futures side,2.45% drop in open interest shows short exiting on every upside.while 9500 put option writing continues on high volume while 10500 call option closed in red on high volume and remain as strong psychological supply point
for tomorrow buy near 10300 with stoploss below 10100 and expect target 10450-10600 on upside.rupee effect may show up here.
Intraday Stocks trading tips for 11 October 2013
for tomorrow my pick will be Oil & Natural Gas Corporation Limited share.today ONGC share closed flat at 273.intraday high point was 275 while low point was 271.for tomorrow stay long and buy near 270 with stoploss 264 and for intraday target of 282+.or buy 280 call option for intraday with same stoploss.