- Nifty closed at 5760.20 down by 28.60 points
- Nifty future closed at 5771.90 Premium of 11.70 points
- Open interest of the nifty is 1,45,34,150 up by 9,65,100 mostly fresh short build up.
- Advances 510 Declines 794 Unchanged 60
- Index gainers jindal steel, indusind bank, Jpass, IDFC, Lupin....
- Index losers Relinfra, Axis bank, Coal india, Tatapower, Tata steel....
- 52 week high Ipca labs, ....
- 52 week low Bharati infratel, Bhushan,Century, Ifci, Guj mineral, GSPL, JPass, JP infra, Tata steel lots of stock are in new low.
- Banned stock for 13th - June = Hdil
- Most active stocks by volume - Rcom, Titan,unitech, Ifci,Litl....
- Most active stocks by value - Titan, Reliance, Sbin, Rcom, Axis bank....
Put option =44086950
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Call option=47035150
PCR =0.94
Market Revenue on 12-06-2013
We suggested to all go short below 5853 now made more than 100 points fall. Still we are looking another 100 points on down side. But before that some short covering will be expected, if any bounce will be a good chance to go short. As of now FII's also turned to net sellers in cash segments. Also they are build huge shorts in index future. Due to Rupee depreciation FII's are looking to book some profits in equity market. If we consider with open interest, nifty 5700 put holding more than 70lak shares in OI. So 5700 will provide good base for next few sessions. 5800 call added more than 20 lak shares in OI. So next two days market will be in the range of 5700-5800. Any closing below or above those levels will decide next trend. Below 5739 one more free fall will be expected, so be ready to short. Traders please concentrate on index future.
RBI holding big pressure in their policy announcement, this will be next big trigger for the market in near term. Bank nifty closed below 200DMA in the last two sessions, this is not good sign for bulls. Nifty also closed below 200DMA, one more closing below that will be danger for market. Put-Call Ratio also favor for bears now. As per open interest market is in oversold position. But rupee depreciation, FII's status, Trend, all technical indicators, & every thing favor for bears only. Market fully hope for RBI policy, if any disappointment from rbi will give more energy to bears. Let us see how they will give their policy terms. Nifty weekly chart shows down trend, so be careful for longs.
Trend of the day
First half will be flat, second half will be big war between bears Vs Bulls
Nifty levels
Nifty support - 5739-5735, 5698-5691 (major)
Nifty Resistance - 5807-5815, 5853-5857 (major)
Stock Calls
Sun tv : Sell below 398 sl 405 target
will be 391, 385
Jsw steel : Sell below 664 sl 672 target
will be 656, 649
Option Call
Axis bank : Buy 1300 call above 36 sl 29
Target will be 44, 51
Delivery Call
Union bank : Buy near 210 sl 203 target
will be 217, 222 ( 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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