Sunday, 7 April 2013

MARKET ANALYSIS FOR 08-04-13

Market data's on 05-04-2013
  • Nifty closed at 5553.25 down by 21.50 points
  • Nifty future closed at 5572.05 premium of 18.80
  • Open interest of nifty is 1,66,49,650 up by 10,05,650 mostly huge short buildup.
  • Advances 726  Declines 762 Unchanged 75
  • Index gainers Maruti, Ongc, Hcltech....
  • Index losers Nmdc, Itc, Ntpc, Hdfc....
  • 52 week high Wipro, SE investments,Aarthi drugs....
  • 52 week low Amtec auto,Heromoto corp,Nmdc, Sterlite.... 
  • Banned security for 8th-April -Hdil  
Open interest of nifty
PutCall Ratio of nifty

Put option=33100250
                 -----------
Call option=42389500

      PCR    =0.78








 
Market turnover on 05-04-2013
Conclusion & Suggestion for 08-04-2013
                           Market cracked very badly, FII's continuously selling in index future with huge volume. Last one week nifty future open interest increased day by day with decreased price, So huge shorts build up created by FII's. While we consider with open interest 5600&5700 put seen some long liquidation but 5400 added nearly 7 lak in OI. 5600 & 5700 calls added nearly 22lak shares in open interest. As per open interest nifty may test 5400 but never ever go 5700 for this serious. PutCall ratio of nifty now below 0.80, It indicates some bounce at bottom level. If PCR moves below 0.60 only danger, Otherwise we may see good bounce at this stage but target would be near by 5700. 
                    One more interesting thing is, nifty last 7 month holding one gap up position. Still that gap was not filled, now nifty looking to fill September 2012 gap.see the chart below...
  In the above chart, once nifty break 5527 then next target would be 5435. Here we have two choice, One is go long with max sl of 5527, otherwise short below 5527. No one can predict now for exact trend. If nifty break 5527 then PCR ratio may go below 0.60 & market get more danger. We expect market may take rest for first half of this week, after that major firms year end report may decide next trend. Be careful for all longs. Just go short below 5527 spot.

 Trend still favour to bears , if nifty sustained above 5527 then we may see bounce in second half.

Nifty levels
Nifty Resistance - 5593-5600 (major)
Nifty support     - 5527-5534 (major) 
 
Stock calls:
 Yes bank       : Sell below 425 sl 432 target
                          will be 421,417
 Federal bank : Sell below 464 sl 470 target
                           will be 459,454


PORTFOLIO ALERT
  Please hold all stocks....
         If any one need to add any useful market data's in these analysis, please mail on us we will consider to improve our level of presentation.


THANKS & REGARDS
      NSEBSENOW                 E-mail--  nsebsenow@gmail.com
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