- Nifty closed at 5808.40 up by 109.30 points
- Nifty future closed at 5805.95 Discount of 2.45 points
- Open interest of the nifty is 1,56,41,450 up by 1,57,300 mostly seen profit booking in their longs.
- Advances 894 Declines 392 Unchanged 71
- Index gainers Hindalco, Tatamotor, Maruti, JP ass, Tata power....
- Index losers Indusind bank, Hero motor, HUL, Airtel....
- 52 week high ....
- 52 week low Apollo Tyre, Bajaj finserv, Corp bank, MMTC, Muthoot...
- Banned stock for 17th - June = Hdil
- Most active stocks by volume - Apollo Tyre,unitech, Renuka, JP ass, Hindalco....
- Most active stocks by value - Icici, Sbin, Apollo Tyre, Reliance, Suntv...
Put option =44860400
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Call option=48093000
PCR =0.93
Market bounced well by short covering, also market was in over sold position, so this bounce was expected one. There is no surprises about this bounce. Nifty weekly trend still negative, Fresh buying will come only if nifty close above 5891, upto that selling pressure will come on every rise. On down side we have good support at 5739. Two consecutive close below 5739 will bring another 100-150 points on downside. Any downside near to 5739 will be good chance for buy with max sl of 5736. As per open interest table, 5700 put having nearly 80 lak shares in OI, so 5700 may give good support for this serious. also 5800 put added nearly 20 lak shares in OI, although bulls will looking to move the index above 5800 mark in coming days. We seen some short covering in call options of nifty. We thought market will bounce in coming days but lots of resistance are there on the way of upside.
Major trend deciding factor in this weeks is RBI policy. Their announcement will act as a major roll in next few weeks. Lots of rumors are going on in our dalal street. Repo cut or CRR cut will not be an big issue in their announcement. But Major issue expected from the market is, How they handle to improve rupee against dollar? or how they prevent rupee falling against dollar?. Let us see how RBI will react on monday... In our last posting we gave some research in bank sectors. In that we seen public sector banks are trading below the book value & private sector banks are trading above the book value. So please concentrate on public sector banks in coming days which will be very worth for future. Put-Call Ratio stable at 0.93, so some bounce will be expected.
Trend of the day
First half will be flat red, If nifty not break 5739 in first then second half will be green.
Nifty levels
Nifty support - 5739-5735, 5698-5691 (major)
Nifty Resistance - 5815-5823, 5853-5857 (major)
Stock Calls
Sbi : Sell below 2024 sl 2045 target
will be 2001, 1980
Hdfc : Buy above 841 sl 829 target
will be 851, 857
Option Call
M&M : Buy 960 call above 24 sl 20
Target will be 29, 34
Delivery Call
Idea : Buy above 138 sl 133 target
will be 142, 145 ( 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
