- Nifty closed at 5688.95 up by 120.55 points
- Nifty future closed at 5696.35 Premium of 7.4
- Open interest of nifty is 1,98,21,000 down by 16,31,550 mostly short covering.
- Advances 814 Declines 479 Unchanged 84
- Index gainers Idfc, axis, Indusind,Maruti....
- Index losers infy,Hcltech....
- 52 week high Sunpharma, Aarti drugs,RS software....
- 52 week low Bharti infra,Hind zinc, Sesagoa, Sail.....
- Banned security for 17th-April -Hdil
Put option=44575950
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Call option=42533650
PCR= 1.05
Market Turnover on 16-04-2013
Market excellently bounced as per our view, now facing resistance around 5700. Once crossed 5739 then we may see 5815 level very soon. Reliance result came with flat, profit increased but revenue decreased.TCS, HCL, YES bank results will announced during the market hours. So market may see good volatile, keep ready to watch on these results very closely. Nifty closed above 200DMA, if it stable above this level then it may test 50DMA very soon around 5777. 5600&5700 put options open interest increased nearly 50lak shares. Now bulls are firing with more energy. As we said earlier some fund diversion will take place from commodity.
FII's again now stays as a net buyers. They may push the market one more upside. But still lots of stock are in too low price, even some of stocks still in 52 week low. Heavy weight stocks are driving the market. We have somany stocks under performing now. So please try to concentrate on some of those cheap stocks, like metals, real estate.... please avoid IT, Pharma, Fmcg... Some liquidation seen in 5700 call, so we have a chance to cross 5700 mark. but be careful bears may waiting near 5730-5745 level for pushing the market down.
Trend is flat red for first half. second half favor for both bull & bears
Nifty levels
Nifty Resistance - 5701-5707,5739-5745 (major)
Nifty support - 5663-5657,5625-5631 (major)
Stock calls:
Bank india : Buy above 320 sl 316 target
will be 325,328
Hind petro : Sell below 315 sl 319 target
will be 311,308
Century tex : Buy above 292 sl 288 target
will be 297,301 (positionally)
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
