- Nifty closed at 5980.45 down by 126.80 points
- Nifty future closed at 5994.45 premium of 14 points
- Open interest of the nifty is 2,13,08,300 up by 11,98,200 with huge long liquidation.
- Advances 318 Declines 949 Unchanged 31
- Index gainers NTPC, Power grid....
- Index losers ITC, Relinfra, Airtel, Sesagoa, L&T....
- 52 week high Dabur, Dr Reddy, Hdfcbank, Lubin....
- 52 week low IOB, Mrpl, Tatapower, Torrent power....
- Banned stock for 14th - May = nil
Put option =50851700
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Call option=40941300
PCR =1.24
Market Revenue on 14-05-2013
Market cracked well before hitting our target, But we welcome this profit booking. We already expect this one but came in advance & Bears take full charge now. This is very important for healthy market. Put-Call Ratio also came to some comfortable zone, it is now 1.24. Due to political uncertainty & opposite party pressure to government was reflected in equity market. This correction will go for another 80-100 points down. If nifty close below 5968 will bring to 5853 level. For all long term investors please keep sl at 5853. Market may test this level. we thought some responsible buyers would enter at exact level. Because still fii's stays as a net buyers in cash seqment. So they are highly bullish about our market.
If we consider with Open interest nifty gave clear picture, that is 6200 will be act as a good resistance for this serious, because 6200 call holding more than 90lak shares in OI. On downside both 5700&5800put holding more than 80lak shares each will act good support for this serious. We don't thing nifty would fall below 5929.Because 5900 call was not having good volume as of now. Heavy weight banks are not fallen much. 12200 will be good support for long term perspective. Nifty close below 5968 would not be good for near term. Traders advised to trade light quantity. Small trader please stay away for next few session.
Trend of the day
Market will be in range bound.
Nifty levels
Nifty support - 5968-5961, 5929-5924 (major)
Nifty Resistance - 6000-6007, 6040-6046(major)
Stock Calls
Bank India : Sell below 324 sl 330 target
will be 319,315
Yes bank : Sell below 501 sl 507 target
will be 496,491
Option Call
SBI : Buy 2200 Put around 48-52 sl 34
Target will be 61, 65
Delivery Call
Exide indus : Buy above 137 sl 133 target
141, 144
keep hold all stocks we will give proper exit level.
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NSEBSENOW E-mail-- nsebsenow@gmail.com
