- Nifty closed at 5651.35 down by 7.40 points
- Nifty future closed at 5668.40 premium of17.05
- Open interest of nifty is 1,34,83,200 down by 9,82,050 mostly Roll over was happened to next month serious.
- Advances 457 Declines 1054 Unchanged60
- Index gainers Idfc, ambuja, bajaj auto, jindalsteel....
- Index losers Dlf, Ranbaxy, Sbin, Tatasteel..
- 52 week high RS software, Deccan cements,SE investments....
- 52 week low ABB, Aban,BHEL... Lots of stocks hitted 52 week low
- Banned security for 25 march - Punjloyd, Hdil,Ivrcl infra
Putcall ratio of nifty
Put option =40477650
-----------
Call option =50299800
PCR =0.804
Both bulls & bears are trying to dominate the market. Next serious market will have to be very interesting. Let us see who will going to win???
Market turnover on 22-03-2013
Last week nifty fallen very badly. Next week market seems to be flat or range bound only, because expiry week & two holidays ( Wed- holi, Fri- good friday). So mostly market will be little boring only. Anyway market now in danger position only. Open interest table also showing support on both side. But mostly nifty expiry seems to be above 5700, short covering is expected. We are recommending New comers to go with banking sectors, please avoid other sectors.Because last 3 months mid-caps were crashed, now it started in some of heavy weight stocks also. So please be aware in market. Putcall ratio also very favour to bears.
We are referring first preference to bank sectors for investing. Banks are back-bone of our economy. So at any cost banks never disappoint the investor. It may also fall in correction but it have good potential to move up again. Now few of bank stocks looking attractive, so anyone may invest some part of money to those bank stocks. Canara, oriental, IDBI, PNB are looking good. Nifty now having good support around 5625, & resistance at 5739 levels.
Nifty levels
Nifty resistance - 5625-5620, 5588-5580 (major)
Nifty support - 5699-5705, 5733-5739 (major)
Stock calls:
Yes bank : Buy above 441 sl 434 targetwill be 447,453
Sun pharma : Sell below 819 sl 828 target
will be 813,805
Please hold all stocks....
THANKS & REGARDS
NSEBSENOW E-mail-- nsebsenow@gmail.com
