- Nifty closed at 5495.10 down by 47.85 points
- Nifty future closed at 5500.85 premium of 5.75
- Open interest of nifty is 1,82,40,550 up by 10,46,400 mostly huge short buildup.
- Advances 401 Declines 890 Unchanged 70
- Index gainers Cairn, Tatamotors,TCS....
- Index losers Rel infra, Ongc, Gail,Sbi....
- 52 week high RS software, SE investments,Aarthi drugs....
- 52 week low ABB, Denabank,Nmdc.... lots of stocks are in 52 week low, some of stocks are in multi year low.
- Banned security for 10th-April -Hdil
Put option =36035600
------------
Call option=46246600
PCR =0.78
Market turnover on 09-04-2013
Conclusion & Suggestion for 10th april 2013
As per our view market fallen very badly, morning session market gave chance to bulls, but bulls waste that chance. Bears easily counter act the bulls rule and finally charged very strongly. Also exactly we said that below 5527 we might see free fall, Exactly we got 40 points. In 5500 call added more that 15lak shares in open interest. It seems to be nifty has to hold below 5500 for some days. 5200 put added 28 lak shares in open interest, So bears may fix this bear run bottom at 5200. Still we may see nearly 300 points on down side. We have next support at 5435-5440.
Bank nifty also broke psychological level of 11000, We don't thing any good support at bottom side, it may fall 700-800 points from here. Risky trader may go positionally short with sl of 11200 on closing basis. Some of analyst says after Infosys result nifty will go up. But we don't thing so. Always bear market never consider any good news, if any bad news comes it take more advantages. So all trader & Investors please take position short Or try to hedge your positions.
Trend is favour to bears, Any higher level is chance to go short.
Nifty levels
Nifty Resistance - 5520-5527, 5551-5557 (major)
Nifty support - 5435-5540 (major)
Stock calls:
Andhra bank : Sell below 91 sl 85 target
will be 88,85
Suntv : Sell below 361 sl 367 target
will be 357,354
Rel infra : Sell below 327 sl 334 target
will be 321, 316
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
