Sunday, 5 May 2013

MARKET VIEW FOR 06-05-2013

Market data on 03-05-2013
  • Nifty closed at 5944 down by 55.35 points
  • Nifty future closed at 5948.25 premium of 4.25
  • Open interest of nifty is 1,84,91,100 down by 2,28,300 with some  long liqudation seen.
  • Advances 494  Declines 798 Unchanged 63
  • Index gainers Jindal steel, Hindalco, Tatasteel, Hcl....
  • Index losers Tata motor, Idfc, Sbin, Icici, Dlf....
  • 52 week high Dabur, Idea, Rcom, Sunpharma....
  • 52 week low CARE, Mrpl.... 
  • Banned stocks for 6th-May -nil 
 Open interest of nifty
   Put Call Ratio of nifty

 Put option =43529000
                 ------------
Call option=35075550

        PCR  =1.24



























Market revenue on 03-05-2013


Market Outlook for 06/05/2013
                      Market unexpectedly came down after RBI policy, 6000 acted a strong resistance through out the day. Nifty tried to break but, there was no sufficient volumes, at the same time huge selling pressure were created by bears so market went down. Although it took exact support at our level. Still all technical indicators are favor for bulls only, there is no confirm selling signal as of now. Open interest table also giving more energy to bulls. All global markets are making new highs. We expect our market will go with global trend, So new 52week high will be possible one in coming days.Some liquidation seen in 5900 call&Put, So 5900 may act good support, below that 5800 put holding 75lak shares in OI.
                
As of now 6000 will act good resistance, Bears are simply sitting around 6007-6023 once it crosses this zone then we may see new high. Bank nifty fallen after RBI policy announcement. But one thing happened that is after RBI policy all sectors were bounced up except bank nifty, because bank nifty already moved well so far, So profit booking will be looking good for next up move. Banknifty having good support around 12200 level. Metals seems to be bottomed out. We recommended so many times for metal stocks, now investors need some patient to book profit.
  

Trend Of the Day
Trend is favor to bulls in first half, once it crosses 6023 in first half then we may see 6076 in second half otherwise second half will be flat.

Nifty levels
Nifty Resistance - 6018-6023, 6076-6085 (major)
Nifty support     -  5935-5929 (major)

Stock Calls
ACC          : Sell below 1225 sl 1233 target 
                   will be 1216, 1210
Rel infra    : buy above 393 sl 387 target 
                   will be 399, 405
Option Call
Dlf            : Buy 230 Put around 10-11 sl 7
                  Target will be 14, 17
Delivery Call
IB Real estate : Buy above 78 sl 73 target
                       86, 91
PORTFOLIO ALERT
  keep hold all stocks we will give proper exit level.  

  THANKS & REGARDS               90422-04422
      NSEBSENOW                 E-mail--  nsebsenow@gmail.com
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