- Nifty closed at 6090.50 down by 87.30 points
- Nifty future closed at 6002.70 Premium of 12.20 points
- Open interest of the nifty is 93,78,800 down by 24,89,450 mostly huge roll over takes place to Aug serious. (very huge long build up in Aug serious)
- Advances 235 Declines 951 Unchanged 42
- Index gainers -Airtel, Tcs, Sunpharma, Cipla, Bajajauto....
- Index losers -Idfc, Indusind, JPass, Axis, Kotak....
- 52 week high - Dabur, Hcl,HUL, ITC, TCS, TechM...
- 52 week low - Mostly all bank stocks in 52 week low....
- Banned stock for 25th - July = Nil.
- Most active stocks by volume -Unitech, Hdil,JP ass, Yesbank, Rcom...
- Most active stocks by value -Yesbank, Hdfc, LT, SBIN, Icici...
Put option =45123650
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Call option=25928150
PCR =1.74
Market Revenue on 24-070-2013
As per our view market fell sharply & rebound from our mentioned level. Now what next ? Expiry day every one expect some volatility & short covering, But we are expecting market should be in range bound. Also nifty may close+ or - 20 points from 6000. Let us see... Still market is in confusion mode because both FII's & DII's are net sellers in cash segment. So something is going on in our market , within 2 days market will show the right direction. Again & again we say market looking to hit new high before august expiry. If we consider with open interest table, we seen huge short covering in 6100 & 6000 put options and 5900 put option added nearly 10lak shares in OI. 6000 call option added more than 20lak shares in OI. Now 6000 Call & Put both having equal volume of Open interest. So we could possible to see range bound. Suppose any fall near to 5900 will be good chance for buying. There is no possibility for 5900 but expiry day we have to accept market to remain volatile. In August trend seems to be bullish so any close below 5900 we will decide to go short.
We have seen unexpected fall on bank nifty but this is fall due to private sector banks cracked heavily. YESBANK produced good result & NPA also looking good. But bank stocks are dragging down. But we feel this is the final bottom for bank nifty & bull rally will start very soon. We expect minimum 1500 points upside in this expiry. SBIN was excellently bottomed out, closing below 1786 only weak for SBIN. If SBIN start to move up then all stocks will join the party. Because SBIN is amongst the heavy weight stock in bank sector. RBI policy & SBIN result which will pull up the bank nifty. Put-Call ratio now stays at 1.74, so we are unable to do decide anything at this point in time and also the last day of July expiry.
NOTE: small traders avoid trading on expiry day.
Trend of the day
High volatile , flat
Nifty levels
Nifty support - 5943-5948, 5900-5910 (major)
Nifty Resistance - 6020-6026, 6046-6051 (major)
Stock Calls
Bajaj auto : Buy above 2010 sl 1997 target
will be 2024+++
Hdfc : Sell below 799 sl 813 target
will be 786---
Option Call
M&M : Buy 900 PE above 12 sl 5
Target will be 21+++
Delivery Call
IDBI : Buy above 73.50 sl 71 target
will be 77 ( short term )
Keep hold all holdings
Please buy our calls only at specified range, don't enter before that.
THANKS & REGARDS 8973655142
NSEBSENOW E-mail-- nsebsenow@GMail.com
