- Nifty closed at 5688.70 down by 0.25 points
- Nifty future closed at 5694.20 Premium of 5.5
- Open interest of nifty is 1,90,08,900 down by 8,12,100 mostly short covering.
- Advances 640 Declines 638 Unchanged 88
- Index gainers Sesagoa, Ambuja,M&M,Sunpharma....
- Index losers Reliance,Relinfra, Ongc ....
- 52 week high Sunpharma, Aarti drugs,Hcl tech....
- 52 week low Guj mineral,Hind zinc, Future retail.....
- Banned security for 18th-April -Hdil
Put Option= 46170900
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Call Option=41929400
PCR=1.10
Market Turnover on 17-04-2013
As per our view market exactly took resistance near 5730-5745 level. Responsible bears bring the market down side from our resistance level. In open interest 5600&5700 added nearly 30lak shares. 5600 having more than 1cr shares in OI. So 5600 will act as a very strong base for this serious. Some liquidation seen in 5600 call. In nifty, huge liquidation or short covering seen in open interest. we may see good bounce in coming days.5739-5757 will give strong resistance for bulls. Once it cross then we may see good bounce. PutCall Ratio of nifty now very favor for bulls. Still Corporate results not showing good performance....
Banks are now clearly moving forward & guiding all other sectors. It bounced very nicely but now taking resistance around 100DMA. Axis, Icici, Hdfc banks results will be coming on next week , if they give good result, then we will see the bulls with extra energy. Bears may go short in 5730-5745 zone, max sl would be 5757, don't hold any short position above that level. commodities crack is still not reflected much in our dalal street, we expect, in coming days that reflect in our market & push up.
Trend in first half will be flat red, second half favor for bulls.
Nifty levels
Nifty Resistance - 5739-5745 (major)
Nifty support - 5663-5657,5625-5631 (major)
Stock calls:
Canara bank : Sell below 411 sl 416 target
will be 406,401
Dlf : Sell below 241 sl 245 target
will be 236,233
Sesagoa : Buy above 150 sl 146 target
will be 154,157 (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
