- Nifty closed at 5881.00 up by 40.40 points
- Nifty future closed at 5895.20 Premium of 14.20 points
- Open interest of the nifty is 1,23,27,650 down by 1,22,600 mostly long liquidation.
- Advances 533 Declines 754 Unchanged 72
- Index gainers TCS, Dr Reddy, BPCL, Lubin, Infy....
- Index losers Jp ass, Axisbank, Airtel, Bankbaroda, Maruti....
- 52 week high Dr Reddy, CESC, Rcom, CRISIL....
- 52 week low Bhushan, Guj mineral, GSPL, JPass, JP power....
- Banned stock for 10th - June = Hdil
- Most active stocks by volume - Unitech, Litl, Hdil, Rcom,Jp ass....
- Most active stocks by value - Sbin, Axis, Rcom, Icici, Justdial....
Put option =40508600
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Call option=38905100
PCR =1.04
Market Revenue on 07-06-2013
Market once again looses a good chance to push upside, but still it doesn't break 5853. So bulls still not loose their strength as of now. In open interest table 5900 put holding more than 65 lak shares in OI. On upside 6100 call giving good resistance for bulls & holding 65 lak shares in OI. Mostly last few sessions FII's are booking their profits in index futures. But they are concentrating in index options, mid-cap, and small-cap stocks. Day by day nifty open interest was falling down. If market weak means nifty has to break 5853 but last week it doesn't break that level and also not moved upside also. So it was in consolidation phase. Now what is the next trend & market will move up or down??? We suggested all traders & investors go long with sl of 5853. Last one month we mention this number so many times, this level was worked out very well so far.
In the last three month advance tax payers of corporate firms are increased significantly. This is a good news for market, also we can expect in coming first quarter, corporate firms may deliver their Q1 results positively. Bank nifty almost bottomed out now looking for move upside. Still lots of public sector banks are seems to be very cheap compare with their book value & EPS. Long term investors may shift your partial money to some of public sector banks like andhra bank, Allahabad bank, Idbi, canara bank... Next one week market has no chance to crack below 5853 because RBI policy will be conducted on 17th June. So mostly bank stocks will try to move up side only. We would see nifty above 6000 in coming sessions. Put-Call Ratio of nifty still looking good for bulls and stays now at 1.04
Trend of the day
First half will be in green, if nifty break 5940 in first half, then second half will be very positive for market. if not break 5940 then selling pressure will come in second half.
Nifty levels
Nifty support - 5853-5847 (major)
Nifty Resistance - 5930-5940, 5968-5974 (major)
Stock Calls
Hdfc : buy above 841 sl 827 target
will be 852, 860
Indusind : Buy above 508 sl 500 target
will be 518, 523
Option Call
Jp ass : Buy 60 Put above 1.65 sl 0.85
Target will be 2.5, 3.2
Delivery Call
Rcom : Buy 2015-2035 sl 1976 target
will be 2071, 2094 ( short term )
keep hold all stocks we will give proper exit level.
Please buy our calls only at specified range, don't enter before that.
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NSEBSENOW E-mail-- nsebsenow@gmail.com
