- Nifty closed at 5682.55 up by 40.95 points
- Nifty future closed at 5714.25 premium of 31.70
- Open interest of nifty is 1,11,69,250 up by 19,62,250 mostly Rollover with long buildup.
- Advances 908 Declines 567 Unchanged 103
- Index gainers Siemens, Gail, Hindalco, Hcl....
- Index losers Tatamotors, Hero motors, Airtel....
- 52 week high Piramal, SE investments,....
- 52 week low ABB, BHEL,Educomp.... Lots of stocks hitted 52 week low
- Banned security for 1st-April -Nil
Put call Ratio of nifty
Put option =27054950
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Call option=23393000
PCR =1.156
Market turnover on 28-03-2013
As per our view market performed well. Last expiry day of march ends with positive note. Due to short covering. Still Short term trend is down only, But nifty smartly bounced from 200 DMA. So 200 DMA may act as a bottom of this trend. Now keep your sl for all your longs to those level. Constructions are going on in Open interest of nifty, So we need 3-4 days for taking conclusion from OI table. But 5600 will act a good support now. Financial results of corporates firm will starts from 2nd week of april. So first week market may be in flat consolidation mood only.
Bank nifty has to close above 11500 then only next rally on upside will start. Wipro & Siemens walk out from nifty index & Indusind bank & NMDC newly added to nifty index. Nifty close above 5739 then go fresh long with max sl of 5693 target would be 5815, 5852. Go short if nifty close below 5600 max sl 5663 target would be 5477,5403. Now corporate results only decide whether nifty has to move up or down. So we have to wait for another one or two week for clear direction.
Nifty levels
Nifty Resistance - 5725-5739 (major)
Nifty support - 5663-5657, 5615-5604 (major)
Stock calls:
Pentaloon : Buy above 150 sl 147 target
will be 153, 157
Oriental bank : Buy above 253 sl 249 target
will be 257,261
Please hold all stocks....
If any one need to add any useful market data's in these analysis, please mail on us we will consider to improve our level of presentation.
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NSEBSENOW E-mail-- nsebsenow@gmail.com
