- Nifty closed at 5850.05 up by 41.65 points
- Nifty future closed at 5847.75 Discount of 2.30 points
- Open interest of the nifty is 1,70,41,700 up by 14,00,250 mostly fresh long build up.
- Advances 680 Declines 588 Unchanged 85
- Index gainers Bhel, M&M, Airtel, Bajaj auto, Rel infra....
- Index losers Ranbaxy, Hindalco, Gail, Ntpc, Sesagoa....
- 52 week high Idea, Lpca lab, ....
- 52 week low Apollo Tyre, Bajaj finserv, Crompton, Hdil, Jubilant food, MMTC, Mrpl, Muthoot, Sail, Sterlite, Sesagoa, Torrent power...
- Banned stock for 18th - June = Hdil
- Most active stocks by volume - Unitech, Apollo Tyre, JP ass, Rcom, Hdil....
- Most active stocks by value - Sbin, Jet airways, Icici, Axis, Hdfc bank....
Put option =44419300
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Call option=48122350
PCR =0.923
Market Revenue on 17-06-2013
Market outlook for 18-06-2013
Once again market moved as per our view and closed near to our resistance level of 5853. Now market can move on any side, as usual CAT ON WALL stage, Every body saying markets turned in to positive way. We are also agree that, market turns to positive side but this is some what doubtful upside and we could possible to see profit booking on upside. So be careful on every upside. As per open interest table, 6000 call holding nearly 80lak shares in OI and giving some resistance for bulls. On down side 5700 & 5800 both added nearly 15 lak shares in OI and giving mass support for this serious. Put-Call Ratio still looking good for bulls. Only thing negative for market is FII's turned in to profit booking mood. Due to dollar strengthening, they are looking to book profit also their cash volumes were decreased significantly.
If nifty break 5857 then daily chart will give buy signal, So go long above 5857 and keep sl of 5815. We seen good volatile in bank nifty due to RBI policy review announcement. RBI policy almost met market expectation, so bank stocks were moved up significantly but we didn't get much higher. Although it bounce well from lower level. We may expect bank stocks may lead the market to next rally. Please note, this is not time to go short but we can go long with conditionally. i e., be alert on higher level. Bank nifty looking strong above 12100, any close above 12100 will bring another 300-400 points on upside. In nifty above 5857 we have small resistance around 5891 level, keep this level on upside while trading.
Trend of the day
Both the sessions looking positive, but last one hour we might see some profit booking.
Nifty levels
Nifty support - 5815-5808, 5770-5777 (major)
Nifty Resistance - 5887-5893, 5925-5929 (major)
Stock Calls
Axis bank : Buy above 1321 sl 1307 target
will be 1335, 1345
Dr Reddy : Sell below 2140 sl 2153 target
will be 2124, 2116
Option Call
SBIN : Buy 2050 call above 61 sl 51
Target will be 72, 81
Delivery Call
Oriental bank : Buy above 240 sl 233 target
will be 249, 255 ( 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
