- Nifty closed at 5574.75 down by 98.15 points
- Nifty future closed at 5593.20 premium of 18.45
- Open interest of nifty is 1,56,44,000 up by 11,55,900 mostly short buildup.
- Advances 359 Declines 1155 Unchanged52
- Index gainers Dr reddy, Coal india,HUL, Maruti....
- Index losers JP ass, Jindal steel,Hcl tech, relinfra....
- 52 week high Deccan cement, SE investment,Aarthi drugs....
- 52 week low Heromotor,NMDC,Sterlite....
- Banned security for 5th-April -Hdil
PutCall Ratio of nifty
Put option= 34043300
------------
Call option=38190250
PCR =0.89
Market Turnover on 04-04-13
Market broken long term support levels & Closed below 200 DMA. Nifty open interest increased with falling price, So huge short build up was taken. FII's sold more in index future & cash segments. 5600-5800 calls added nearly 50 lak shares in open interest. But some liquidation seen in 5600&5700 put options. While consider with PutCall ratio of nifty is now below 1 exactly 0.89, It indicates market is in more fear, So still more bottom side is intact. We may see below 5500 in coming days. Now trend is to go short on every bounce. Profit booking seen in Heavy weight stocks.
Bank nifty seems to be very weak, it having final & psychological support at 11000, below this level we may see more bleeding. Axis , icici, Sbi, looking too weak. Pharma & Fmcg looking good for buying. Other all sectors are so bad. As of now no chance for bulls, bears not giving any single chance to bulls in last two days. Now we having one more support at 5551 level. In our point of view this is the final support. Single close below 5551 then we may see 5366 in coming days, mostly this serious itself is possible.
Trend is still favour to bears
Nifty levels
Nifty Resistance - 5605-5615,5640 (major)
Nifty support - 5551-5547(major)
Stock calls:
Yes bank : Sell below 425 sl 432 target
will be 421,417
Jindal steel : Sell below 329 sl 334 target
will be 325, 320
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.
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