- Nifty closed at 5836.90 up by 2.50 points
- Nifty future closed at 5843 premium of 6.10
- Open interest of nifty is 1,14,31,100 down by 28,25,150 mostly Roll over to next month...
- Advances 637 Declines 664 Unchanged 71
- Index gainers Bajajauto, Reliance,heromotor, sunpharma....
- Index losers Jindalsteel,Dlf,Hdfcbank, Sbin....
- 52 week high Itc,Finolex, Sunpharma, Mrf....
- 52 week low Jubilant foods,BASF,.....
- Banned security for 23rd-April -Renuka, Hdil
Put option =44949350
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Call option=29839750
PCR= 1.50
Market Turnover on 23-04-2013
Market bounced back exactly from our support level. Now all world markets are firing,nifty looking to open gap up. We already told 5840-5853 is an strong resistance, Last 2-3 days nifty met more struggle to cross this, now this resistance will be looking to break by gap up open only. But be alert on second half, market may seems to be come down very badly due expiry volatile. If nifty holds the gap up then market may go rally, suppose it break that gap up open then we may see 5760-5730 level on intraday basis. Go short on any upside with max sl of 5968-5973 on closing basis. PCR also little danger for bulls.
Bank nifty need for consolidation, it is now in overbought level. Market holding strong base around 5777-5790 level. Market highly bullish now, all indicators are showing buying only, but we expect some consolidation or small correction for short term. For healthy upmove we need this correction, let us see how market would react with our view... RBI monetary policy on 3 may, lots of expectation & rumors are going on in dalal street, Please note we expect 25 basis point relaxation & CRR unchange. Try to buy in metals & Realty stocks. Go short on pharma & IT sectors....
Trend in first half will be flat positive after opening, second half we may "V" formation.
Nifty levels
Nifty Resistance - 5888-5891, 5929-5940 (major)
Nifty support - 5777-5790 (major)
Stock calls:
Bajaj auto : Buy above 1810 sl 1790 target
will be 1830,1840
Bank india : Sell below 334 sl 338 target
will be 329,325
Chambal fert. : Buy above 55 sl 53 target
will be 58,61 (positionally)
Sesagoa activated......
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
