- Nifty closed at 5871.45 down by 44.85 points
- Nifty future closed at 5887.75 premium of 16.30
- Open interest of nifty is 1,58,15,550 up by 7,97,900 mostly Fresh short build up.
- Advances 489 Declines 802 Unchanged 73
- Index gainers Maruti. Airtel, Bajaj auto....
- Index losers Hcl, Relaince, Jindal steel....
- 52 week high Maruti, Dr reddy,Idea, Kotak....
- 52 week low MRPL, Jindalsteel,Wipro,....
- Banned security for 29th-April -nil
Put option =31668850
------------
Call option=27473800
PCR =1.15
Market Turnover on 26-04-2013
Market now highly bullish mood, After a massive move now taking breath. Nifty now looking to hit new high but before reaching that we have strong resistance at 5968 level. Once it crosses this level we may see very big movement on upside. As of now we have strong base near 5840-5853. If it break this zone we may see nifty further downside and also we could not see new high in near term. PutCall Ratio now at 1.15, it's little strong for bulls now. Some of corporate results are coming positively for market. If RBI announce their policy rates favor to this current market condition then Nifty may break new high.
Bank nifty now looking to consider profit booking. But keep note Bank nifty weak when closing below 12300, So upto any dip is a chance to buy. Very soon we are going to see bank nifty at new high. We are believing whenever in bull market bank nifty has to takeover the market towards new high. Now exactly banknifty dominating our market. Please note with in 2 months Sbi will hit around 2600-2700 level. Sbi results also looking in positive way, so try to buy sbi 2500 call at CMP, we may see good return with low risk.
Trend in first half flat positive, Second half also favor to bulls, Mainly last one hour bulls will try to push nifty above 5920.
Nifty levels
Nifty Resistance - 5888-5891, 5929-5940 (major)
Nifty support - 5840-5853 (major)
Stock calls:
Maruti : Buy above 1681 sl 1663 target
will be 1701, 1721
Sun pharma : Sell below 954 sl 962 target
will be 948,942
Lic housing : Buy above 249 sl 244 target
will be 256, 262 (positionally)
Hold all stocks.....
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NSEBSENOW E-mail-- nsebsenow@gmail.com
