- Nifty closed at 5914.10 down by 28.25
- Nifty future closed at 5937.25 premium of 23.15
- Open interest of nifty is 1,60,75,000 down by 5,74,850 mostly long liquidation.
- Advances 553 declines 945 unchanged 80
- Index gainers Ranbaxy, Ambuja, ACC...
- Index losers Cairn,Tata power, BHEL, Airtel....
- 52 weeks high DLF, Sunpharma,Sobha, Sathyam, Madras cement...
- 52 weeks low BEML....
Put call Ratio of NiftyTotal puts=60664400
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Total calls=36000150
PCR 1.685
Total market turn over on 12-03-2013
Market today moved as per our view only, Nifty got more than 50 points downside from top. So as per our analysis 5968 will act as a good resistance now.Next up movement will start, when nifty have to close above 5968. Market looking little weak now, But we don't worry about this correction because Open interest of 5800&5700 both holding more than 1 cr shares in OI. So if nifty fall from here, then max to max we may see 5815 levels only. Also PCR of nifty reached 1.685. If we consider this Putcall Ratio, nifty have to move up only. But let us wait & watch market movement. GDP numbers also delivered above expectation of the market.
We seen more volatile in market, because now market facing race between Bulls Vs Bears. FII's already invested more money in cash, now they are hedging their holding by using Options. It clearly indicated in Index options, please check in the above chart. We must need this consolidation movement for next movement. Nifty having strong support at 5883. Keep this number in your mind before trade. Try to buy any dip near to 5815.
Nifty levels
Nifty resistance - 5968-5975 (major)
Nifty support - 5893-5883, 5852-5860 (major)
Stock Calls
Sail : Buy above 71 sl of 69 target
will be 73,75 (Postionally)
Pantaloon : Buy above 187 sl of 183 target
will be 191,196
Please hold all stocks....
NSEBSENOW
