Monday, 6 May 2013

MARKET ANALYSIS FOR 07-05-2013

Market data on 06-05-2013
  • Nifty closed at 5971.05 up by 27.05 points
  • Nifty future closed at 5971.30 premium of 0.25 points
  • Open interest of the nifty is 1,91,27,850 up by 6,36,750 with fresh long build up.
  • Advances 772 Declines 527 Unchanged 59
  • Index gainers Hindalco, Tatasteel, Asian Paints, Tcs....
  • Index losers Kotak bank, Ongc, Itc, Ambuja....
  • 52 week high MRF, R com, Sunpharma...
  • 52 week low Automotive axle, Nilkamal....
  • Banned stock for 7th - May = nil
Open interest of nifty
  Put Call Ratio of nifty

 Put option =44382000
                 ------------
Call option=34624650

        PCR  =1.28














Market revenue on 06-05-2013

Market outlook on 07-05-2013
                       Market facing strong resistance at 6000 level also now having good support around 5929-2925. Nifty now in consolidation mood, with range of 100 points from 5925-6023. Once nifty break this levels then next trend will start. This consolidation is very must appreciated for next up move.Some of underperformed stocks are moving up now like metal. After a long time metal showing some movement. Open interest table is now showing some consolidation Phase, because lots of put options are written compare to call option. So every one believe, that market never go down, at the same time there is no believe on upside also. In next few days market would go on range bound market. 
              Put-call ratio is now 1.28, Once it crosses 1.40 then we may expect trend reversal which may push the market upside only.Bank nifty bounced exactly from our support level & finally closed near to day high. Some of bank results will be looking announce this week, there may be chances for move up.
Again some black money issue are rising against the banks. But please keep mind one thing that is, no one can push the banks on down side. Banks are back-bone of Indian economy. If banks get suffer then all sectors would meet more damage. So these rumors never spoil the bank activities.Karnataka state election may change market trend, keep watch result on Wednesday.

 Trend of the day
First will be flat positive & second half nifty may break 6000

 Stock Calls
Century Tex   : Buy above 300 sl 294 target 
                         will be 305, 312
Rel infra         : buy above 401 sl 396 target 
                         will be 407,412
Option Call
Rpower          : Buy 80 Call around 3-3.20 sl 2
                         Target will be 4, 5.20
Delivery Call
Hindalco       : Buy above 102 sl 98 target
                        106,110

PORTFOLIO ALERT
  keep hold all stocks we will give proper exit level.  

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      NSEBSENOW                 E-mail--  nsebsenow@gmail.com
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