- Nifty closed at 5558.70 up by 63.60 points
- Nifty future closed at 5563.75 premium of 5.05
- Open interest of nifty is 1,90,30,250 up by 7,89,700 mostly long build up.
- Advances 669 Declines 613 Unchanged 75
- Index gainers Rel infra, Hcl tech,JPass,Axis....
- Index losers Sunpharma, Jindal steel,Itc....
- 52 week high RS software, SE investments,Sunpharma....
- 52 week low ABB, Crompton,Dena bank.... lots of stocks are in 52 week low, some of stocks are in multi year low.
- Banned security for 11th-April -Hdil
Putcall Ratio of nifty
Put option = 39094350
------------
Call option= 45344200
PCR = 0.86
Market Turnover on 10-04-2013
Market bounced well in second half, but this was not done by bulls.It was purely by world market & some what short covering. Still nifty is weak, may be next two days will decide markets exact trend. because, Infosys results may chance trend of the market. What ever nifty get bounce, it still below 200DMA. Nifty has to close above 5640, then only fresh buyers would come.In 5600-5625 is an right level or challenging level for bulls. Because bears be prepared to short in that area. So bulls be careful in that zone. We are still negative on market.
While consider with open interest of nifty, Bulls slowly developing their strength. PutCall Ratio inching up towards 1 now it is at 0.86. 5400 put added nearly 16 lak shares in open interest. As of now 5400 put holding with 67 lak shares in OI with good support for this serious, 5700 call giving good resistance with 85 lak shares in OI. So range would be between 5700-5400. Bank sector still weak. Please avoid IT sector Concentrate on metals, Cement,real estate sectors... Because Suppose if market bounced from here then these sectors may move up well.....
Trend will be mixed, First half favour to bulls...Second half flat with negative.
Nifty levels
Nifty Resistance - 5600-5625 (major)
Nifty support - 5534-5527, 5490-5477(major)
Stock calls:
Airtel : Buy above 282 sl 277 target
will be 286,290
Sunpharma : Sell below 856 sl 864 target
will be 849,843
Please hold all stocks..9.
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
