- Nifty closed at 6107.25 up by 12.50 points
- Nifty future closed at 6118.70 premium of 11.45 points
- Open interest of the nifty is 2,25,06,500 up by 3,100 with fresh long build up.
- Advances 668 Declines 487 Unchanged 111
- Index gainers Dr Reddy, Sunpharma, Asain paint, Lubin....
- Index losers Tcs, Infosys, Ntpc....
- 52 week high Bajaj finance,Hdfc bank, Dr Reddy, Itc....
- 52 week low Nilkamal....
- Banned stock for 13th - May = nil
Put Call Ratio of niftyPut option =52088250
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Call option=38028750
PCR =1.369
Market outlook for 13-05-2013
As per our view nifty hit new 52 week high, even closing also above our level of 6085. We already said closing above 6085 will be very strong now. Now nifty looking to the target of 6163 & if this flow will be strong then target will extend to 6177-6180 level in intraday. We don't thing nifty will close above 6177-6180 range. Please be alert profit booking will be consider there which is very necessary for this bull run. Our views are purely technical basis. But we have receiving lots of political drama, So be caution on upside. If we consider with open interest, 6200 put having more than 80lak shares in OI with strong resistance for this serious. On downside we fix 6000 will act good support & this may act good psychological support now.
Bank nifty closed strongly now it may face resistance around 13000 level, Once cross this level we may see 400-500 points rally from there. But if nifty starts profit booking then bank nifty will also consider profit book. So we thought we feel one more time bank nifty will face resistance near 13000 level. Trader may go short on bank nifty near 13000 level. Now dollar getting more strong Vs Rupee. It looking to cross 55, this will be very useful for FII's & it may push them to invest more in indian equity. If rupee gets weak then IT sectors may go up because they get good revenue. Risky Traders & Investors may buy IT stocks in coming days.
Trend of the day
First half will be flat. second half favor for bulls.
Nifty levels
Nifty support - 6085-6077, 6050-6046 (major)
Nifty Resistance - 6118-6124, 6177-6181 (major)
Stock Calls
Bank India : Buy above 341 sl 337 target
will be 345, 349
Canara bank : buy above 426 sl 421 target
will be 431, 435
Option Call
Rel Capital : Buy 390 Call around 11-10 sl 8
Target will be 14, 17
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
