- Nifty closed at 5967.05 down by 127.45 points
- Nifty future closed at 5966.10 Discount of 0.95 points
- Open interest of the nifty is 2,49,34,350 up by 16,50,150 with huge Long liquidation.
- Advances 196 Declines 1108 Unchanged 64
- Index gainers Tata motors, Sunpharma, HDFC....
- Index losers Rel infra, JPass, Sbin, DLF....
- 52 week high Berger paint, Castrol, Sunpharma....
- 52 week low Andhra bank, Future retail, GSPL, IOB, Jindal steel....
- Banned stock for 24th - May =Hdil, Renuka
Put option =45344850
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Call option=39188800
PCR =1.157
Market Revenue on 23-05-2013
Market cracked very badly, We already told closing below 6112 very weak. See now market fallen heavily & closed very critical level & closed marginally below 5968 mark. Last week we said market may fall near 5853, but it return back without touching that bottom. So now it has looking to see that bottom. Also last two days LT & SBI deliver poor results, So both of those stocks gave origin for this fall. If heavy weight stocks fall more then all mid-cap & small-cap take more damage. In a single day Put-Call Ratio was suffered by bears, now it stays at 1.157. If we consider with open interest table, 6000 call added more than 30lak shares, 5900-6300 puts made huge short covering. 5800 Put added 13lak shares in OI. So open interest table looking to move on bears side, nifty may fall more.
Bank nifty leading this fall because of SBI result. We thought SBI beat the market expectation but it did against our view. If it fall then make this opportunities to buy some under weighted stocks. If bank nifty break 12500 then it will test 12200, single close below 12200 market meet more fall. Now nifty having 5940-5930 is an good support zone, but it looking to break. If nifty fall below 5930 then go short with the target of 40-50 points. Nifty break 5853 then more downside will be seen in coming days. We thought market already weak and also week end, so big fall will be looking there. Be ready for every thing.
Trend of the day
First half will be flat, second half favor for bears if breaks 5930.
Nifty levels
Nifty support - 5929-5940 (major)
Nifty Resistance - 6000-6007, 6040-6046(major)
Stock Calls
Bajaj auto : Sell below 1805 sl 1821 target
will be 1783, 1769
Airtel : Buy above 301 sl 298 target
will be 306, 309
Option Call
Nifty : Buy 5900 Put around 42-46 sl 34
Target will be 61, 65
Delivery Call
Idea : Buy above 131 sl 127 target
135, 138
keep hold all stocks we will give proper exit level.
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