- Nifty closed at 5594 up by 35.30 points
- Nifty future closed at 5594.80 premium of 0.80
- Open interest of nifty is 1,98,32,000 up by 8,01,750 mostly long build up.
- Advances 686 Declines 595 Unchanged 67
- Index gainers Dlf, Tatamotors,infys, icici....
- Index losers Airtel, tatasteel, Ntpc, hdfc....
- 52 week high EssDee, Lubin, RS software....
- 52 week low Andhrabank,Tatasteel, iob,.... lots of stocks are in 52 week low, some of stocks are in multi year low.
- Banned security for 12th-April -Hdil
Put Option =41297700
------------
Call Option=44199050
PCR = 0.93
Market Turnover on 11-04-2013
Market moving up slow by slow towards 200DMA, but bears push the market downside. Infosys results looking to favour for bulls. PCR also inching up towards 1 now it stays at 0.93. Last two days banks performed well. One more thing is world market. All these things giving energy to bulls. and bulls giving slow poison to bears. 5300-5600 put option added nearly 55lak shares in open interest, with 5500 giving good base as of now. Some long liquidation seen 5600-5800 call option. 5700 call having 77 lak shars in open interest & it may give good resistance for this short covering.
Bears only hope is, still nifty holding below 200 DMA & some of technical indicators are showing bearish signal still now. For intra day trader please note, If nifty spot break 5610 then buy nifty with target of 20-25 points. Max to max nifty may test 200DMA around 5652 level. once nifty spot cross 5610 then Parabolic SAR will turn to buy signal in EOD chart, So maximum now bulls get ready to fire. If infosys result comes below expectation then market fall more downside. Let us we wait & watch.... one more thing, that is friday day effect may come in second half of the trading session.If weekly close below 5527 then market get more weak. please note market having limited upside only.
Trend is now favor for both bulls & bears, Infosys may decide that trend.
Nifty levels
Nifty Resistance - 5600-5625 (major)
Nifty support - 5534-5527, 5490-5477(major)
Stock calls:
Biocon : Buy above 294 sl 289 target
will be 298,302
Bpcl : Sell below 365 sl 370 target
will be 361,357
DLF : Buy above 247 sl 242 taget
will be 252, 255
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
