Thursday, 6 June 2013

MARKET OUTLOOK FOR 06-06-2013

Market data on 05-06-2013
  • Nifty closed at 5923.85 up by 4.40 points
  • Nifty future closed at 5938.30 Premium of 14.45 points
  • Open interest of the nifty is 1,31,53,200 down by 2,55,250  mostly long liquidation.
  • Advances 628 Declines 658 Unchanged 71
  • Index gainers Reliance, Dlf, Ongc, Hindalco, Sunpharma....
  • Index losers Ambuja, Infy, Hdfc, Acc, Hcl tech....
  • 52 week high Dr Reddy, Ing vysya, United phos....
  • 52 week low Bhushan, Dena bank, Dlf, Gspl, IDBI, Tata com....
  • Banned stock for 6th - June = Hdil
  • Most active stocks by volume - Unitech, Alok text, Hdil, Rcom,Jp ass.... 
  • Most active stocks by value - Justdial, Sbin, Icici, Axis, Rcom....
 Open interest of nifty
  Put Call Ratio of nifty

Put option =36522700
                 ------------
Call option=35337950

       PCR  =1.03














Market Turnover on 05-06-2013


Market outlook for 06-06-2013
                   Once again market moved as per our prediction. Now what next??? Last 2-3 days FII's volumes are coming down.  Day by day they decreasing their position in index future. Due to Rupee weakening against dollar, FII's are booking profit in their longs.  If we consider with open interest table still 5900 giving mass support. 5900 put holding more than 60 lak shares in OI. Also 5900-5600 put added more than 20 lak shares in OI. & 5900-6300 added more than 20 lak shares in OI. So open interest table still favor for bulls only. Even put-call ratio also favor for bull & stays at 1.03.Only now world markets are falling heavily. So some selling pressure will be there on every rise. But we don't thing market wil close below 5853.
           Bank nifty now clearly bottomed out. SBI looking very attractive at this rate.  One of big move today is Reliance annual general meeting (AGM), market expecting some good news from there. If they announce anything positive then reliance may bring market towards upside. let us see?.  Market looking to open gap down, but don't feel just go long near 5853, or go short only below 5853.
Our markets are looking to over sold  position, so it has to bounce from lower level. 

Trend of the day 
  First half will be in red, if not break 5853 in first half, then second half bulls will try to close the nifty in green.

Nifty levels
Nifty support     - 
5853-5847 (major)
Nifty Resistance -  5960-5968, 6000-6007 (major)

Stock Calls
Sun tv           : buy above 435 sl 427 target 
                            will be 441, 445

Reliance        : Buy above  804 sl 797 target 
                            will be 811, 816
Option Call

Idea              : Buy 140 call around 3-3.5 sl 2
                            Target will be 5, 7
Delivery Call 

Rcom            : Buy above 117 sl 112 target
                            will be 122, 125 ( 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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