- Nifty closed at 6069.30 up by 25.75 points
- Nifty future closed at 6075.20 premium of 5.90 points
- Open interest of the nifty is 2,12,06,650 up by 3,98,650 with fresh long build up.
- Advances 642 Declines 641 Unchanged 81
- Index gainers Hdfc, Itc, Lubin, indusind bank....
- Index losers Ranbaxy, tatasteel, hero motor, airtel....
- 52 week high Dabur, Indusind bank, Lubin, Sunpharma...
- 52 week low Zuari agrocement....
- Banned stock for 9th - May = nil
Put option =50936050
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Call option=36282250
PCR =1.40
Market Revenue on 09-05-2013
Market once again moved well & karnataka state election gave little energy to bulls. Although nifty faces resistance exactly around our level of 6085. Our prediction was failed but with in this week nifty looking to hit new 52 week high. If we consider with open interest table, bulls will looking to fix 6200 might be the target of this bull run. So we are expecting 6177-6200 will be the range for profit booking. Sensex hitted 20,000 mark, but settled just below that. As we already said only large cap stocks are moving the market, still mid cap & Small cap not performing well. Once again we saw profit booking in metals & Capital goods. If bull market means all sectors have to participate in that but here metals & Realty still not showing good movement.
We suggest all traders & investor please concentrate on both sectors. Because, Metals are most essential raw material for all industries
except IT &Bank sectors. So without metals no one can do their business. Also Realty & Infra are most valuable field for our indian economy. Every one know, for growing country Realty & Infra sector have to grow. But here every thing going abnormally. So we thought without realty & Metals movement, this bull run could not be right one. We are not against this bull run but be aware about this. Now Put-Call ratio stays at 1.40 little danger, Market may go on any direction, maximum this rally may go another 100 points then 100% profit booking have to come.
Trend of the day
First half market will be flat green, second half bulls may take the market in their hand.
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
Lic india : buy above 252 sl 249 target
will be 257, 261
Option Call
Hdfc : Buy 900 Call around 15-16 sl 11
Target will be 21, 24
Delivery Call
Sesagoa : Buy above 165 sl 161 target
169, 173
keep hold all stocks we will give proper exit level.
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NSEBSENOW E-mail-- nsebsenow@gmail.com
