- Nifty closed at 6104.30 down by 6.95 points
- Nifty future closed at 6090.25 Discount of 14.05 points
- Open interest of the nifty is 1,59,63,900 down by 24,09,000 most probably huge roll over to next month with fresh long build up also.
- Advances 480 Declines 796 Unchanged 83
- Index gainers Sunpharma, Tatamotors, Heromotor, coal india....
- Index losers Ranbaxy, JP Ass, Tatasteel, Jindal steel....
- 52 week high Idea, Eicher motors, Icici, Havells....
- 52 week low Guj mineral, Tata chemicals....
- Banned stock for 30th - May = Renuka
- Most active stocks - Unitech, JP ass, Reliance, Hdil, Rcom...
Put option =47077350
------------
Call option=33815450
PCR =1.39
Market Revenue on 29-05-2013
We thought nifty fall in second half, but from opening onwards it fallen down and finally closed flat red. Market exactly bounced from lower level and responsible buyers bring the market to close above 6100 mark. We seen huge long build up in index future but nifty future stays in discount. We are in expiry day, so we have to met much volatile. So trade low quantity. Please note if nifty close green then next month will be in bulls hand, Close below 6046 then it will be in bears hand. Suppose nifty close 6046-6100 then market will be in confusion for next one month. Please keep it this in your mind for next one month. If we consider with open interest, there may be chance for testing 6000 mark. Let us see how bulls will react for this bears action. Some thing is cooking in open interest of nifty. So be careful for all your longs.
Bank nifty not showing any good movement for last 4 days. It going on consolidation phase. Now Please check last three days of nifty EOD chart which is almost equal to last 4 days of april month expiry. So this expiry will decide next one month movement. Very soon we will update here for next month nifty levels. Put-Call Ratio is not good for bulls, it giving some profit booking signal. Some of large cap stocks were not performing well in the last 3 days except reliance. If reliance close above 856, then it will fire very fastly, So go long when it close above 856. Expiry closing will be most important for next rally. So small trader please avoid trading on expiry day. Otherwise trade with light quantity.
Trend of the day
If open & low same then nifty will close green or If open & high both same then closing will be in red.
Nifty levels
Nifty support - 6070-6065, 6040-6046 (major)
Nifty Resistance - 6124-6130, 6163-6170 (major)
Stock Calls
United spirits : Buy above 2460 sl 2440 target
will be 2480, 2493
Reliance : Buy above 850 sl 841 target
will be 857, 863
Option Call
Bank of baroda : Buy 660 put around 24-25 sl 17
Target will be 31, 35
Delivery Call
Hindalco : Buy above 112 sl 108 target
will be 116, 120 ( short term )
keep hold all stocks we will give proper exit level.
THANKS & REGARDS 90422-04422
NSEBSENOW E-mail-- nsebsenow@gmail.com
