Thursday, 14 March 2013

MARKET ANALYSIS FOR MARCH- 14

Market data's on 13-03-13
  • Nifty closed at 5851.20 down by 62.90
  • Nifty future closed at 5867.75 premium of 16.55
  • Open interest of nifty is 1,54,60,100 down by 6,14,900 mostly long liquidation.
  • Advances 395  Declines 1108 Unchanged 89
  • Index gainers Sunpharma, Bharti Airtel...
  • Index losers Hindalco, ICICI, Kotak bank, Jindal steel...
  • 52 week high Asainpaints, Concorp, Sunpharma...
  • 52 week low Lovable,JSW holdings,Deepak fert....
OPEN INTEREST OF NIFTY OPTIONS

 Put call ratio of nifty

Put option=62,187,500
                          ----------------
Call option=38,493,700   

       PCR    = 1.615
   









TOTAL MARKET TURNOVER ON 13-03-2013
Conclusion & Suggestion For 14-03-13
                   Market looking little week now, After gap down open nifty unable to fulfill that gap but fallen & break all our support level & closed exactly at weekly pivot level.  We already said in last view, market may go max to max 5815. So now nifty seems to be test that level also.Nifty 5900 call & put almost having equal open interest. We seen 5800 put shows some liquidation & 5700 and 5600 puts added more open interest now. 5800 call added 7lak share in OI. So now market will test almost near by 5800 levels. But we confident that, responsible bulls will enter between 5852-5815 levels. 
                  FII's also in confuse stage now. Because overall net buy in future shows in negative note. Please be alert when market falls below 5815, ie. nifty close below 5815 then we may see very big fall, may be blood bath in our dalal street. But we don't worry because lot of thing shows bottom of nifty around 5815 level. 

Nifty levels

Nifty resistance - 5893-5899, 5925-5929 (major)
Nifty support     -
5805-5815 (major) 

Stock calls
Tatasteel     :Sell below 352 sl of 356 target
                     will be 347,343
Zeel             :Sell below 207 sl of 211 target
                      will be 203,199
  Please hold all stocks....
 
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