- Nifty closed at 5919.45 down by 19.85 points
- Nifty future closed at 5932.35 Premium of 13.90 points
- Open interest of the nifty is 1,34,08,450 down by 3,91,550 mostly long liquidation.
- Advances 623 Declines 657 Unchanged 76
- Index gainers Ranbaxy, Drreddy, Cipla, Lubin....
- Index losers Tatamotors, Sesagoa, Axis bank, Sbi....
- 52 week high Castrol, CRISIL, Dr Reddy, Glen mark....
- 52 week low IDBI, Indian bank,JP Infra, Torrent power....
- Banned stock for 5th - June = Hdil
- Most active stocks by volume - Unitech, Hdil, Rcom, JSW ispat, Suzlon....
- Most active stocks by value - Infy, LT, Sbin, Icici, Mcdowell....
Put option =34779850
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Call option=33442850
PCR =1.03
Market Revenue on 04-06-2013
As per our view market falling down towards 5853 range. Market falling slowly but steadily. Now market almost bottomed out, still we could see another 50-70 points from here. After that sharp bounce will be expected that rally may push to new fresh high before this expiry. If we consider with Open interest table, 5900 put giving good support for bulls, holding nearly 60 lak shares in OI. So nifty not looking to close below 5900 but intraday point of view there will be chances for breaking 5900. As of now fresh buy will start only above 6046. last few days FII's taking fresh short position in index future. Now lots of mid-cap & small-cap stocks are moving up. Keep one thing in your mind, i e If nifty close below 5853 then only danger for bulls upto that we don't worry for correction. This correction will be needed for healthy market.
Bank nifty also very much near to bottom. So interested may go long with sl of 12150 on closing basis. Any close below 12150 only danger upto that no problem for bulls now.Even Put-Call ratio also still favor for bulls only, now stays around 1.03. Nowadays FII's are concentrating fully on index future & large cap stocks. In next one month there is no any big news flows. so market will be in full control by FII's only. This correction was happen due to rupee weakning, so some of FII's are booking profits in their longs. Please don't forgot if nifty close below 5853 then market will move to bears phase....
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
Union Bank : Sell below 218 sl 223 target
will be 213, 209
Ranbaxy : Buy above 381 sl 376 target
will be 389, 393
Option Call
Jsw steel : Buy 720 call around 23-25 sl 16
Target will be 31, 36
Delivery Call
Indian Bank : Buy near 140 sl 136 target
will be 146, 151 ( 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
