- Nifty closed at 5783.10 up by 94.40 points
- Nifty future closed at 5783 Discount of 0.10
- Open interest of nifty is 1,75,89,700 down by 14,19,200 mostly huge short covering.
- Advances 784 Declines 503 Unchanged 82
- Index gainers Indusind, Idfc,Airtel, tatamotor....
- Index losers Nmdc, Hcl tech, Tcs....
- 52 week high Itc, Indusind bank, Sunpharma....
- 52 week low Guj mineral,lovable.....
- Banned security for 22nd-April -nil
Put Option =49428050
------------
Call option =36923350
PCR =1.34
Market Turnover on 18-04-2013
Once again our view performed well, Nifty exactly fired above 5745 & Trend was also worked nicely in second half of the trade. Market seems to be highly bullish now, Still we expect only around 50-60 points on upside from here. Because still weekly buy was not initiated. Now nifty holding strong resistance around 5840-5853 level. Near to this level we may meet profit booking, so please be alert near 5840 zone. Metal sectors almost bottom out now. Last week we got Justice from supreme court, They lift the ban in Iron ore mining production in Karnataka which is favor for sesagoa & jsw steel. Let us see how those stock will perform for this news. PutCall Ratio is now near 1.34 which is also danger for bulls.
Bank nifty dominating this rally, always banks have to push the market in bull market. Now it's clearly moves the market upside. But be caution on upside, because nifty already bounced more than 300 points from downside And bank nifty bounced nearly 1400 points nonstop rally. So we expect profit booking will come in near term. please keep sl for your longs at 5739 as a closing bases. Open interest of 5800 put added nearly 27lak shares. so still one more top is there. Don't go short now, Short near 5840 or below 5739. Single close above 5853 we may see 100-150 points upside, we don't thing nifty will go above 5853 but anyway keep our levels before trade.
Trend in first half favor for bulls, Second half will be favor for both bulls & bears.
Nifty levels
Nifty Resistance - 5815-5823, 5845-5853 (major)
Nifty support - 5745-5757 (major)
Stock calls:
Wipro : Buy above 371 sl 366 target
will be 377,381
Hcl tech : Sell below 735 sl 743 target
will be 729, 723
Syndicatebank : Buy above 118 sl 114 target
will be 123, 127 (positionally)
Buy Sesagoa at 153-155 Quantity 75....
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
