- Nifty closed at 5542.95 down by 10.30 points
- Nifty future closed at 5559 premium of 16.05
- Open interest of nifty is 1,71,94,150 up by 5,44,500 mostly huge short buildup.
- Advances 548 Declines 734 Unchanged 77
- Index gainers Rel infra, Airtel, Bhel....
- Index losers Asian paint, Ranbaxy,Pnb, Axisbank....
- 52 week high Dabur, SE investments,Aarthi drugs....
- 52 week low Exide, Nmdc, Sesagoa, Siemens....
- Banned security for 9th-April -Hdil
Put Option=32890300
------------
Call Option=44273750
PCR=0.74
Market turnover on 08-04-2013
Conclusion & Suggestion for April 09 2013
As per our view market took rest on weeks first day. This consolidation is needed for next movement. 5600-5800 calls added nearly 20 lak shares in open interest. Nifty future open interest also increased continuously, So very huge short build-up was seen in index future & Call options. Putcall Ratio came down to 0.74 now, it could be very danger for next few trading sessions. FII's stays as a net sellers & DII's are in net buyers. If FII's continuously sell their holdings then market would fall more & more from here. As of now 5527-5534 will act as a good support, once it break that level we may see free fall.....
Bank nifty took exact support as per our mentioned psychological level of 11000 mark. If it break 11000, from that point onwards market condition will get more danger. Because, for healthy market bank nifty has to lead, but here banks are falling more than nifty. So all indicators & things are showing favorable for bears only. The only hope for bulls is Corporate results, If they announce below expectation then, we may see bears with full charge. Please note if results comes negatively we could see 4500 level in nifty with in 6 month.
Trend still favour for bears. Any higher level will go short.
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
Sun tv : Sell below 362 sl 367 target
will be 357,354
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
