- Nifty closed at 5995.40 up by 14.95 points
- Nifty future closed at 6006 premium of 10.40 points
- Open interest of the nifty is 2,25,43,700 up by 12,35,400 with huge long build up.
- Advances 605 Declines 675 Unchanged 73
- Index gainers Ranbaxy, Bankof baroda, Sunpharma, Powergrid....
- Index losers Dr reddy, Bajaj auto,Hcltech, Bhel....
- 52 week high Castrol, Pidilite, Mphasis....
- 52 week low Mrpl, Tatapower, Torrent power....
- Banned stock for 15th - May = nil
Put option =52018650
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Call option=39619650
PCR =1.31
Market revenue on 14-05-2013
Market getting consolidation now. Still market bullish on long term perspectives. This correction is temporary only, once it take support at 5968 then we may see more than 150 point rally from here. Suppose if it break 5968, go short with sl of 6007 target will be minimum 40 points & maximum 110 points. As per open interest table 5900 put added more than 12lak shares, so 5900 may act as a good support. Below 5968 nifty will take massive support around 5929-5924. As of now fresh buy only above 6046 on closing basis. Every rise near to 6046 will be a good chance to go short. Put-Call ratio seems to be in profit booking mood. All world markets are in highly bullish except our market.
Our political uncertainty & 2014 Central government election & lots of corruption from the government, like these all aspects brings our market in downside.Nifty seems to be gap up open, if it holds that gap then market will go up. Keep sl as opening level. Still FII's are giving more strength to our market.
Trend of the day
First half positive for bulls, second half bears try to enter again becareful.
Nifty levels
Nifty support - 5968-5961, 5929-5924 (major)
Nifty Resistance - 6040-6046(major)
No calls Today
keep hold all stocks we will give proper exit level.
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NSEBSENOW E-mail-- nsebsenow@gmail.com
