- Nifty closed at 6156.90 down by 30.40 points
- Nifty future closed at 6164.85 premium of 7.95 points
- Open interest of the nifty is 2,57,61,900 up by 1,18,250 with short build up.
- Advances 542 Declines 759 Unchanged 66
- Index gainers Bajaj auto, Maruti, M&M hcl tech....
- Index losers Ranbaxy, Lubin, JP ass, Airtel....
- 52 week high Adani port, Axis bank, Hdfc bank, icici, Glenmark.... lots of stocks hit 52 week high....
- 52 week low MRPL....
- Banned stock for 21st - May = nil
Put option =54780050
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Call option=39090850
PCR =1.40
Market Revenue on 20-05-2013
Once again market met consolidation, finally closed down significantly. This consolidation or profit booking is very much needed for this bull run. Any down side near to 6100 will be good area for buying with max sl of 6085 on closing basis. As per open interest table, 6000 put holding more than 85 lak share in OI with giving massive support for this serious. on upside still 6200 call giving good resistance on closing basis with more than 70 lak share in OI. we already told 6200 will not give good resistance, see now it broken on intraday but not happen on closing basis. Even 6300 call added 10lak shares in OI. So we feel 6300 will give massive resistance for this serious. Also for next two weeks market will be in the range of 6085-6281. So Buy on downside and sell on higher side.Do reverse. Put-Call Ratio now 1.40 little danger for bulls.
Bank nifty seems to be profit booking, EOD chart showing bearish engulfing pattern. So we have to welcome this profit booking & this fall may end near 12940. We have seen massive support near 12940 range, Suppose if we get chance near 12940 then go buy with max sl of 12826. We will get good appreciation. Please keep note this is not a time for go short, we are in bull market so buy on every dip. Now DOLLAR Vs RUPEE crosses 55, very soon we will see 56 range. So this will give chance for FII's to pump their money more here. In FII's point of view india is most cheapest country. All world markets are concentrating on Equity market, So our market also boom in coming days. See commodity falling again. Equity have to rise more from here. Let us wait & see...
Trend of the day
Market will be in range bound.
Nifty levels
Nifty support - 6146-6150, 6118-6110 (major)
Nifty Resistance - 6202-6207, 6241-6246 (major)
Stock Calls
Bank of baroda: Sell below 734 sl 743 target
will be 728,722
Bank india : Sell below 320 sl 325 target
will be 316,311
Option Call
Sunpharma : Buy 960 Put around 19-22 sl 14
Target will be 27, 31
Delivery Call
Synidicate bank : Buy above 133 sl 129 target
will be 137, 141
keep hold all stocks we will give proper exit level.
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