- Nifty closed at 6043.55 up by 72.50 points
- Nifty future closed at 6050.30 premium of 6.75 points
- Open interest of the nifty is 2,08,08,000 up by 16,80,150 with fresh long build up.
- Advances 793 Declines 518 Unchanged 54
- Index gainers Hero motor, Dlf, Axisbank, Lubin....
- Index losers Caolindia, Ambuja....
- 52 week high Dabur, Indusind bank, Lubin, MRF, R com, Sunpharma...
- 52 week low Care,Empire india....
- Banned stock for 7th - May = nil
Put option =49110050
------------
Call option=35980650
PCR =1.36
Market Revenue for 07-05-2013
Market outlook for 08-05-2013
Market slowly & Steadily moved up by large cap stocks. finally nifty closed 6043 mark with massive 75 points gain. Still lots of stocks not performed well as of now. But technically nifty looking so strong & also FII's concentrating on index future. Nifty have to stable above 6000 for some days, then only all other stocks will move up. Mostly in this week we may see new 52 week high, If single close above 6085 then next target would be 6177. We seen long liquidation in all call option except 6200 call. 5800-6000 put added more than 45 lak shares in open interest. now 6000 will act as a strong base. Put-call ratio is now 1.36, it's is still favor for bulls.
Bank nifty bounced well & looking to push the market one more round on upside. Very soon we may see 13000, mostly we are expecting in this week itself. Now Karnataka state election may drive the market. If congress win then we may see 50-60 points upside on nifty. All Exit poll predictions are favor for congress. For upside we may see 6076-6085 will act as a good resistance. Before new high market has to go some consolidation phase to give some chance for underperformed stocks to bounce on that time. All traders please alert on upper level, bears may enter any level on upside & keep trade with proper sl. Also don't enter on short now.
Trend of day
Both First & second half will be favor for bulls, we have chance for 52 week high in second half.
Nifty Levels
Nifty support - 6000-6007, 5975-5968 (major)
Nifty Resistance - 6079-6085, 6118-6124 (major)
Stock Calls
Yes bank : Buy above 510 sl 503 target
will be 516, 521
Jsw steel : buy above 724 sl 714 target
will be 732, 739
Option Call
Bank nifty : Buy 13000 Call around 110-120 sl 50
Target will be 190, 241
Delivery Call
Ifci : Buy above 31.50 sl 30 target
32.5, 33.40
keep hold all stocks we will give proper exit level.
THANKS & REGARDS 90422-04422
NSEBSENOW E-mail-- nsebsenow@gmail.com
