- Nifty closed at 6114.10 down by 42.80 points
- Nifty future closed at 6116.90 premium of 2.70 points
- Open interest of the nifty is 2,59,55,900 up by 1,94,000 with fresh short build up.
- Advances 435 Declines 852 Unchanged 86
- Index gainers Coal india, BHEL, TCS, HCL Tech....
- Index losers Ultratech, NTPC, JPass, Grasim, DLF....
- 52 week high icici, Nestle, United spirits.... lots of stocks hit 52 week high....
- 52 week low MRPL, Cox&kings....
- Banned stock for 22nd - May = nil
Put option =52205600
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Call option=39213450
PCR =1.33
Market Revenue on 21-05-2013
Market once again fallen significantly on down side, but still not closed below 6112. Market could not close below this level on closing basis. This is the good area for buy any stocks for short term period. If nifty close below 6085 then only danger for this bull run, upto that no worry about market trend. While consider with Open interest, 6200 put seen some short covering. 6000&5900 put added more than 10 lak shares in OI.6100-6300 calls added more than 10 lak shares in OI. 6100 will act as a pivot for this serious. Put-Call Ratio now in bulls control stays below 1.40, exactly at 1.33. So correction was over in the last two days, now market have to move another 150 points from here. On Wednesday US federal Reserve bank meeting is there. So some body expect that will impact some effect on Equity market also. But we thought that will not consider with this bull run.
Bank nifty fall also came to end, because all market persons eyes on SBI result on Tuesday. SBI will deliver their result above expectation. Also SBI still not performed well in this rally, so after result it may cross 2600, we may see 3000 in coming months. dollar Vs rupee now above 55.40, so fii's are very happy to invest here. IT sectors may get good profit , So IT sectors may run again from here. Last two days market fallen but fii's bought in cash. Also they went long on nifty future. So they never leave market down. Keep note, please place sl for all your longs at 6085 on closing basis.
Trend of the day
Market will be favor for bulls in both session. Closing will be in green.
Nifty levels
Nifty support - 6085-6079 (major)
Nifty Resistance - 6146-6151, 6175-6181 (major)
Stock Calls
Sun tv : Sell below 421 sl 427 target
will be 415,411
R Power : Buy above 81 sl 78 target
will be 84, 86
Option Call
Bank nifty : Buy 13200 call around 120-130 sl 80
Target will be 180, 220
Delivery Call
Indian bank : Buy near 155 sl 151 target
will be 160, 163
keep hold all stocks we will give proper exit level.
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