- Nifty closed at 5658.75 down by 35.65 points
- Nifty future closed at 5664.45 premium of 5.75
- Open interest of nifty is 1,44,65,250 down by 6,03,250 mostly long liqudation.
- Advances 406 Declines 1111 Unchanged62
- Index gainers Airtel, icici, Hdfc, M&M....
- Index losers Relinfra,jpass,Tatapower,Tatamoror...
- 52 week high Asainpaints, Lupin...
- 52 week low ABB, ACC,BHEL,Amtec auto... Lots of stocks hitted 52 week low
- Banned security for 22 march - Punjloyd, Hdil, Renuka
Put call Ratio of nifty
Put option = 42080250
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Call option= 50438100
PCR =0.834
Market turnover on 21-03-2013
Sorry for the inconvenience, we unable to deliver our view here for last 2 days.Market fallen very badly. Last 2-3 weeks before we expect market might fall below 5551. But due to world market support nifty bounced very sharply Also now falling sharply. Putcall ratio of nifty option fallen below 1, now it stays around 0.834. It indicates markets are in very fear now, so it may fall more from here. But we expect some bounce from bottom side, we will intimate here in coming days. In downside we have 5551 is good support now. Lot's of political news also running in our market. This fall is only fear fall.
If it break 5551 we may see nifty 5366 in next downside support. 5600-5800 call option added nearly 25 lak shares in OI, So it seems to be nifty may test 5600 or below, but some bounce we expecting near 5551-5570 level. Risky traders may go buy nifty near our mentioned range, You may get good appreciation with max sl of 5520.Banks also looking weak now. All sectors looking weak only. Long term investors use this chance for buying some under valued stocks.
Nifty levels:
Nifty resistance - 5625-5620, 5588-5580 (major)Nifty support - 5670-5675, 5707-5715 (major)
Stock calls:
Airtel : Buy above 298 sl 295 targetwill be 302, 306
Sun pharma : Sell below 828 sl 836 target
will be 820,815
Please hold all stocks....
THANKS & REGARDS
NSEBSENOW E-mail-- nsebsenow@gmail.com
