- Nifty closed at 6083.15 up by 99.60 points
- Nifty future closed at 6083.45 Premium of 0.30 points
- Open interest of the nifty is 2,20,75,600 down by 21,27,150 with mostly roll over to next month.
- Advances 815 Declines 473 Unchanged 75
- Index gainers Indus ind, Reliance, Sunpharma, Jindal steel....
- Index losers Cipla, Maruti, Lubin....
- 52 week high Idea, Eicher motors,Indusind, HDFC, Sunpharma....
- 52 week low Indianbank, GSPL,Indian Hotels....
- Banned stock for 24th - May = Renuka
Put option =49646450
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Call option=38826850
PCR =1.28
Market Revenue on 27-05-2013
Market Outlook for 28th May
Market once again shows the power of bulls with massive 100 points movement. Reliance leading this mass move, If reliance moves up in coming days, then we will see nifty new high very soon. Still three days to go for this expiry, So roll over to next month is going on with positive mood. In open interest table nifty 6000 & 6100 put added more than 45 lak shares in OI. We seen huge short covering in 6000 Call. So this expiry nifty looking to close above 6000 mark, We have lots of chances to close above 6146. We have some surprises in next serious, that is, nifty will create new fresh high. Traders & Investors may go long now. Maximum target will be 6360 for next serious. Closing above 6360 then nifty would hit 6600.
Bank nifty looking so strong now. Concentrate some under performed bank stocks. Also buy some metal stocks which is already bottom out. For next one month Metals, Oil, Pharma, IT, ADAG stocks will looking good. please avoid Real estate, Some banks, FMCG sectors. Put-Call Ratio is now 1.27 which is little favor for bulls. Short term traders please keep sl for all your holdings at 5930. Telecom stocks will looking to fire more from here, Risky traders may enter IDEA & AIRTEL for short term, it will give good profit before this expiry. Nifty having good support at 6046-6040 range so any dip near this level is a chance to buy more.
Trend of the day
First half will be red, second half bulls will try to take off the nifty to close above 6112.
Nifty levels
Nifty support - 6040-6046, 6000-6007 (major)
Nifty Resistance - 6118-6124, 6143-6149(major)
Stock Calls
Bank india : Buy above 299 sl 294 target
will be 305, 309
Bata india : Buy above 829 sl 821 target
will be 838, 846
Option Call
Bank nifty : Buy 13000 Call around 75-80 sl 30
Target will be 120, 150
Delivery Call
Idea : Buy above 136 sl 132 target
will be 140, 143
keep hold all stocks we will give proper exit level.
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