Wednesday, 1 May 2013

MARKET TREND FOR 02-05-2013

Market data on 30-04-2013
  • Nifty closed at 5930.20 up by 26.10 points
  • Nifty future closed at 5929.00 Discount of 1.20
  • Open interest of nifty is 1,65,28,100 up by 3,65,800 mostly Fresh long build up.
  • Advances 588  Declines 686 Unchanged 79
  • Index gainers HUL,Sesagoa, Hcl,M&M....
  • Index losers Jpass, Idfc, Indusind,PNB....
  • 52 week high HUL,Drreddy, Dabur,Idea,ITC....
  • 52 week low Andhrabank,Iob.... 
  • Banned security for 2nd-May -nil 
 Open interest of nifty
   Put Call Ratio of nifty

Put option =36124650
                 ------------
Call option=30656550

       PCR  =1.18














Market Turnover On 30-04-2013


Conclusion & Recommendation for 02-05-2013
                   Market met little fear because of Supreme court hearing about Coal scam which give headache to central government. Good opening was given by HUL with Offer price of Rs600 per share, but huge selling came exactly near to our resistance level. Finally responsible bulls took the market in their hand & bring back the nifty near to opening price. As of now 20week moving avg giving massive support. 5700-5800 put option added nearly 20lak shares in open interest. 5800 put holding 65lak shares in OI with strong base for this serious. As of now 5900 holding nearly 50lak shares in OI. But bull firing towards new high, keep note once nifty crosses 5971 we may see around 100 point rally very soon...
               Bank nifty showing some profit booking but 100DMA & 20Week moving avg giving massive support around 12100-12170 range. So any dip near to 12100 is a chance for buy. FII's are continuously buying in cash, So they are highly bullish about our market. Our domestic institute & clients are only bearish on our own market.suppose If DII & client change their mind setting then market will hit new high very soon.... Dollar again near to 54 which is very much helping for FII's investment. We are expecting FII's money flow will go more in coming days,

Trend  first half & Second half will be favor to bulls. We are expecting before RBI policy nifty may hit 6000 mark.

Nifty levels
Nifty Resistance - 5965-5973,  (major)
Nifty support     -  5888-5891, 5953-5857 (major) 

 
Stock calls:
 
Rel infra      : Buy above 380 sl 373 target
                           will be 391,397

Axis bank      : Buy above 1501 sl 1487 target
                           will be 1516, 1525

Bhel             : Buy above  194 sl 188 target
                       will be 199, 204 (positionally)


  3 rd January  Sesagoa 50 nos at 204
20th February Sesagoa 50 nos at 172
23rd April       Sesagoa 75 nos at 153 so we averaged Sesagoa at 173 of 175 quantity... keep hold we will give proper exit level.  

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      NSEBSENOW                
E-mail--  nsebsenow@gmail.com