Market Open interest on 08-03-13
Total Put Option=49,472,750
Total call Option=34,631,950
So PCR =1.428
Total turnover In cash & F&O by FII & DII
Market suggestion for march 11
Market now looking so great for bulls. Last week it bounce almost 300 points from the current low. Still bulls are so strong, Open interest of the nifty shows that. Put option's open interest increased huge quantity. Nifty looking for new high now. Only little struggle in 5968. Once it close above this level for 2-3 days then we may see new high in this serious itself. PCR (putcall ratio) of nifty now 1.43,It seems to be trend reversal, ie Instead of moving down market may go up further.So bears have to exit or do some hedging.
Nifty broken all resistance area's very easily as of now. All technical indicators are now looking good for next up move. 5900 Put added nearly 26lak share in OI & 6000Put added 13lak shares in OI. So market looking very strong & also looking to test 6000 mark very soon. Suppose If it fall then max downside would be 5800, because 5800 put holding with nearly 1cr shares in OI. Banknifty also looking strong now.Try to do some of under performed stocks. But be caution on upside. All world markets are now very much strong.Keep your sl for your all longs at 5815. So try to buy on every dip with max sl of 5815 on closing basis.
Nifty levels
Nifty resistance-5968-5975, 5998-6007(major)Nifty support - 5893-5883, 5860-5853 (major)
Stock calls
Pantalloon looking very strong now. In daily chart giving buy signal. We may see 218 in coming days...
MACD RSI SAR are giving buy signal....
Pantaloon : Buy above 184 sl of 178 target
will be 190,197
Hpcl : Buy above 312 sl 306 target
will be 318, 322
PORTFOLIO ALERT
Please hold all stocks....THANKS & REGARDS
NSEBSENOW
