- Nifty closed at 5590.25 down by 77.40 points
- Nifty future closed at 5588.30 Discount of 1.95 points
- Open interest of the nifty is 2,07,46,450 down by 5,09,850 mostly we seen huge roll over to next month & Fresh short build up.
- Advances 212 Declines 1093 Unchanged 57
- Index gainers Jindal steel, Lupin, Acc. Icici bank....
- Index losers JP ass, Ranbaxy, DLF, Kotak bank....
- 52 week high -....
- 52 week low -Lots of stocks hitted new fresh low....
- Banned stock for 25th - June = Hdil
- Most active stocks by volume - FRL,Rcom, Unitech,JP ass, DLF....
- Most active stocks by value - Sbin, Mcdowell, Icici, HUL, Reliance....
Put option =43863650
------------
Call option=54914900
PCR =0.798
Market Revenue on 24-06-2013
As per our view market falling very nicely. Market now almost in over sold position. We could possible to see bounce in coning days. Buying would come only for compensating these oversold level. Still market is in bears control. If we consider with open interest of nifty, 5500 & 5400 put added more than 35lak shares in OI & above 5600 put options seen huge short covering. 5600 & 5700 added nearly 40lak shares in OI. Now 5700 call holding nearly 1cr shares in OI, So 5700 will be good resistance for this serious.On downside 5500 & 5600 both holding more than 70lak shares in OI. We could see this expiry closing between 5640-5550 range. All world markets are falling very heavily due to some news from US government. Also dollar strengthening is major roll for this fall. Now our rupee almost close 60 per dollar.
If Rupee Vs Dollar continuous this fall then we will see more damage in equity market. Even we can able to see below 5000 mark. Banking stocks looking very critical position. Actually all public sector banks were produced their result & dividends considerably good. But market expecting some thing unusual. Investors please invest to your money in public sector banks, at any cost don't enter any other sectors. Very safe investors may go on gold. We could expect 25-40% return on gold in next 1-2 years. In Nifty, we have some good support around 5520-5514, Put-Call Ratio is in over sold position & stays near 0.80 mark. Option traders may go on next month contracts please avoid current month.
Trend of the day
Negative , second half we may have chance for bounce.
Nifty levels
Nifty support - 5551-5547, 5520-5514 (major)
Nifty Resistance - 5639-5645, 5580-5586 (major)
Stock Calls
Ranbaxy : Sell below 325 sl 332 target
will be 318, 314
Ongc : Sell below 298 sl 302 target
will be 292, 287
Option Call
Sbi : Buy 1950 put around 25-30 sl 18
Target will be 37, 43
Delivery Call
Allahabad bank : Buy near 96 sl 91 target
will be 101, 104 ( short term )
We entered 5500 July put at 65. keep hold with sl of 86.
Please buy our calls only at specified range, don't enter before that.
THANKS & REGARDS 90422-04422
NSEBSENOW E-mail-- nsebsenow@gmail.com
