stock market tips 9 oct 2013
Nifty future outlook 9 oct 2013
nifty oct expiry future last closed at 5954 with gains of 11 points.today nifty future hit high at 6021 while intraday low was 5944.total 77 points intraday range and closed with gains as expected.
on future side,3.5% drop in open interest shows trapped shorts covering while on option side,5800 put option closed in red on high volume suggesting writers action.while 6100 call option also closed in red on high volume on profit booking.
for tomorrow buy near 5900-5920 zone only with stoploss below 5850 and keep target at 6040-6100 on upside.
Banknifty future outlook 9 oct 2013
banknifty oct expiry future last closed at 10159 with gains of 18 points.today banknifty future hit high at 10530 while low was near 10150.total almost 400 points intraday range and closed flat on profit booking.
on futures side,-0.063% open interest drop suggest trapped shorts still trying to exit with hit.on option side,9500 put option closed in red on writers action while 11k call option closed in green on high volume.
for tomorrow keep long view and buy near 10,000-10,100 range with stoploss below 9900 and expect target 10400-10500 on upside.
Intraday Stocks outlook 9 oct 2013
for tomorrow my pick will be Syndicate Bank share. today SYNDIBANK stock closed at 71 flat negative.today SYNDIBANK stock made high at 74.25 while low was at 71.for tomorrow buy near 70-71 zone with stoploss below 68 and expect target 75-76 on upside.