- Nifty closed at 5834.40 up by 51.30 points
- Nifty future closed at 5832.85 Discount of 1.55
- Open interest of nifty is 1,42,56,250 down by 33,33,450 mostly short covering With Roll over to next month...
- Advances 832 Declines 469 Unchanged 68
- Index gainers Relinfra, LT,Coalindia, Hdfc bank....
- Index losers Ultracement,Infy,Ongc, Hcl tech, Tcs....
- 52 week high Itc, Indusind bank, Sunpharma, lubin....
- 52 week low Wipro,.....
- Banned security for 23rd-April -Renuka
Put option =46808650
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Call option=32890150
PCR =1.423
Market Turnover on 22-04-2013
Conclusion & Suggestion for 23-04-2013
As per our view market exactly took resistance at 5840-5853. Market highly bullish now, Still 2 trading sessions will go for this serious. In may month Nifty Open interest increased nearly 27lak shares, so roll over is carried out. 5800 put added nearly 25 lak shares in OI. 5800 may act a good resistance in near term. please modify sl for all your longs at 5800 mark on closing basis. Weekly EOD gives buy signal now, so bulls may take over 5853 level very easily. Once cross 5853 then we may see 5883-5891 very soon. Put Call Ratio crossed 1.40 now it stays at 1.423, So please take necessary hedging for your holdings.
Metals now starts to enter into this bull run, IT sectors leaving from this bull run. Also ADAG group performing well now, Still these stocks may go further up from here. Banks moving up continuously, If Hdfc bank deliver good result then banknifty may go further up. Please keep note single close above 5853 we may see good upside. Mostly banknifty moving on RBI policy expectation. Market need to go consolidation, because some underperformed stocks have to go up. Concentrate on metal & realty sectors for next few days.....
Trend is bullish in first half, Second half flat.
Nifty levels
Nifty Resistance - 5845-5853, 5883-5891 (major)
Nifty support - 5777-5790 (major)
Stock calls:
Rel infra : Buy above 383 sl 377 target
will be 389,395
Hcl tech : Sell below 720 sl 727 target
will be 714,708
Hindalco : Buy above 96 sl 92 target
will be 99.50, 103 (positionally)
Sesagoa not activated, but keep try to Buy Sesagoa at 153-155 Quantity 75....
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
