- Nifty closed at 6187.30 up by 17.40 points
- Nifty future closed at 6196.10 premium of 8.80 points
- Open interest of the nifty is 2,56,43,650 up by 36,950 with long build up.
- Advances 584 Declines 688 Unchanged 90
- Index gainers BHEL, Relinfra, JPass, DLF....
- Index losers Indusind, Hcl tech, Dr Reddy, Airtel....
- 52 week high Axis bank, Hdfc bank, Kotak, Lubin lots of stocks hit 52 week high....
- 52 week low Oracle financial, NMDC....
- Banned stock for 20th - May = nil
Put Call Ratio of niftyPut option =56965900
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Call option=39717900
PCR =1.43
Market revenue on17-05-2013
Market once again moved on consolidation mood with positive side and closed very strongly. But put-call ratio is little danger for bulls & now stays above 1.40, so bulls be careful for your position. One thing is clear that is, we are in bull market with target of 6600 & 6900 but it will not happen in single bull run.It will take some time to achieve that range, may be it will possible in next 6 months. Before that we have to meet lots of ups & downs. Now nifty is on CAT ON WALL position. Some of things favor for bull & some of thing favor for bears also. So we have to trade with levels only. On down side 6163-6145-6124-6110 these are support levels. If this rally continues then max to max it will not cross 6281-6285 range, we expect profit booking will come between 6254-6281. If we consider with open interest table, 6200-6300 calls added nearly 10lak shares in OI. Also short covering seen below 6100 calls.
6200-6000 put options added nearly 20 lak shares in OI. down side 6000 put giving massive support & upside 6200 call looking to give some resistance but it seems to be break in coming days. Banknifty now moving very nicely, if sbi submit their result above the market expectation then market would fire more, even we may see banknifty above 14000 range in coming days.All world markets are in creating fresh high. So our market also perform with other market. FII's pumping their money in cash segment, so they still very strong about our market. As of now no chance for any big crash.
Trend of the day
Trend will be positive for both bulls & Bears in first half, second half little favor to bulls.
Nifty levels
Nifty support - 6146-6150, 6118-6110 (major)
Nifty Resistance - 6202-6207, 6241-6246 (major)
Stock Calls
Bank of baroda: buy above 744 sl 736 target
will be 751,756
Canara bank : buy above 443 sl 436 target
will be 449, 454
Option Call
BHEL : Buy 205 Call around 4.5-5 sl 3
Target will be 6.5, 8
Delivery Call
Ranbaxy : Buy above 474 sl 467 target
will be 481, 486
keep hold all stocks we will give proper exit level.
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NSEBSENOW E-mail-- nsebsenow@gmail.com
