Market Data's on 11-03-2013
- Nifty closed at 5942.35 Down by 3.35 points
- Nifty future closed at 5957.40 premium of 15.05
- Open interest of nifty 1,66,49,850 up by 1,08,800 shares with flat closing
- Advances 734 declines 760 Unchanged 93
- Index gainers Siemens, DLF, Tata power, Hdfc...
- Index losers Hero, IDFC, Wipro,TCS...
- 52 weeks high DLF,Sunpharma,Hcl tech, Sathyam...
- 52 weeks low BEML
OPEN INTEREST OF NIFTY
Put call Ratio of NiftyTotal puts=52390800
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Total calls=34996150
PCR 1.497
Total market turn over on 11-03-2013
Market exactly met resistance as per our mentioned level. We said lot's of time market will test 5968, see now nifty hit that level then fallen significantly. Now for next level of market up movement will start only if nifty close above 5968. Upto that every upside near to 5968 is a shorting chance. Once nifty stay above 5968 for some time then go long for 100-125 points profit.Putcall ratio of nifty now came near to 1.50. So lots of put writers holding the market on upside. We are looking market may hit 6000 mark very soon. Nifty just taking breath after a massive move. It is just consolidation only. Market is in buy mood only so shorters be careful.
IT sector now going some profit booking, we already intimated here. Please try to concentrate on metal sectors, real estate sectors, oil sectors...In coming days these stocks may go up. Bank nifty also today took some rest, so it may also move further up. Please keep note one thing that is, PCR increasing is trend reversal only, market have to move up one more round after crossing 5968. Market may go consolidation because of RBI policy on next week.
Nifty levels
Nifty resistance - 5968-5975, 5998-6007(major)
Nifty support - 5924-5929, 5893-5883 (major)
Stock calls
Bankindia : Buy above 325 sl of 321 target
will be 331,335
DLF : Buy above 287 sl of 281 target
will be 293,297
Please hold all stocks....
if you have any doubt in share market or Any stocks please send your mail to us we will give you best suggestion. nsebsenow@gmail.com
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NSEBSENOW
