- Nifty closed at 6169.90 up by 23.15 points
- Nifty future closed at 6178.05 premium of 8.15 points
- Open interest of the nifty is 2,56,06,700 up by 5,14,400 with huge long build up.
- Advances 636 Declines 662 Unchanged 68
- Index gainers JP ass, IDFC, Sesagoa, Lubin....
- Index losers NMDC, Tatamotors, Jindalsteel, ITC....
- 52 week high Axis bank,Hdfc, Hdfc bank, Kotak, Lubin lots of stocks hit 52 week high....
- 52 week low Oracle financial....
- Banned stock for 17th - May = nil
Put option =56274650
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Call option=40271650
PCR =1.39
Market revenue for 16-05-2013
Market once again closed with positive numbers. Still we have strong resistance around 6177-6181, this level was broken on intraday but still it not closed above this level. Once we get closing then we would see another 60-80 points upside from here. Today the week end day so every one expect profit booking, but we don't thing so, last one hour trade will be more important in today's trade. Put-Call ratio now little danger for bulls, If bulls loose the chance to push the market upside then bears will starts their domination. So becareful on upside. In Open interest table bulls building their target on 6400 mark, because 6400 call added 10lak shares in OI.Also we seen long liquidation on below 6100 calls.
Now having strong support now at 6000 level, 6000 put holding more than 80 lak shares in OI. So as per open interest table range will be 6000-6400. Above 6200 we don't see any big resistance upto 6360, Bank nifty pushing nifty towards new high, SBI result on next week so upto result bank nifty would not come down. Commodity downgrade will be very positive for equity market. also dollar strengthen will push the fii's invest more money in indian equity market. Above 6207 nifty will rock more, we have a chance to 100 points movemnet today. let us see what will happen???
Trend of the day
Trend will be positive for both bulls & bears, above 6190 bulls will dominate below 6150 bears dominate.
Nifty levels
Nifty support - 6124-6117, 6085-6090 (major)
Nifty Resistance - 6184-6190, 6202-6207 (major)
Stock Calls
Biocon : buy above 289 sl 283 target
will be 294,298
Century tex : buy above 318 sl 312 target
will be 323, 327
Option Call
Hindalco : Buy 115 Call around 1.6-1.8 sl 0.5
Target will be 2.6, 3.5
Delivery Call
Hdil : Buy above 59 sl 56 target
64,67
keep hold all stocks we will give proper exit level.
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