- Nifty closed at 6146.75 up by 151.35 points
- Nifty future closed at 6161.50 premium of 14.75 points
- Open interest of the nifty is 2,50,92,300 up by 25,48,600 with huge long build up.
- Advances 865 Declines 424 Unchanged 73
- Index gainers PNB, Relinfra, Indusind, Dlf....
- Index losers Power grid, cairn....
- 52 week high Hdfc, Hdfc bank, Kotak, Lubin lots of stocks hit 52 week high....
- 52 week low chetinadu cement, Cox&Kings, Torrent power....
- Banned stock for 16th - May = nil
Put option =55341500
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Call option=40280700
PCR =1.37
After a long time market was moved extraordinarily, We already said above 6046 fresh buy will come, see now market now 52 week high. Here after market never come down, it looking more upside now. Any dip near to 6112 is a chance to buy with the target of new fresh high. In Open interest table also we saw 6400call added more than 30lak shares, so bulls eye will be looking to 6400 range, also 6000 call met very huge short covering. 6000-6200 puts added more than 50lak shares in open interest.Main key factor for this bull run is inflation, because Inflation is now in control range of RBI expectation. If inflation stable, then there may be a chance for rate cut in next RBI Poilcy. Still Put-Call ratio is in comfortable zone only.
Bank nifty fired well & closed above the psychological level of 13000. Here we given some of bank stock which will perform well in coming days. Oriental bank, Union bank, syndicate bank, canara bank, IDBI bank, Indian bank... Please concentrate on these bank stocks. Here after lots of underperformed stock may joint this bull run, so keeps your eyes on some mid-cap stocks. FII's inflow in cash segment is increasing day by day. We suggest all traders & Investors please buy any stocks with 1-3month holding, you made good profit. Market is now highly bullish, we are very close to all time high. Very soon we will see new high...
Trend of the day
First half will be flat second half little favor for bulls.
Nifty levels
Nifty support - 6124-6117, 6085-6090 (major)
Nifty Resistance - 6177-6182, 6197-6202 (major)
Stock Calls
M&M : buy above 985 sl 775 target
will be 993,998
Relinfra : buy above 411 sl 403 target
will be 418,423
Option Call
Axis bank : Buy 1520 Call around 36-38 sl 30
Target will be 45,48
Delivery Call
Lic : Buy above 260 sl 249 target
266,273
keep hold all stocks we will give proper exit level.
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NSEBSENOW E-mail-- nsebsenow@gmail.com
