Tuesday, 23 July 2013

MARKET PREDICTION FOR 24-07-2013

Market data on 23-07-2013
  • Nifty closed at 6077.80 up by 46 points
  • Nifty future closed at 6087 Premium of 10.80 points
  • Open interest of the nifty is 1,18,68,250 down by 22,42,050 mostly huge roll over takes place to Aug serious. (very huge long build up in Aug serious)
  • Advances 593 Declines 566 Unchanged 73
  • Index gainers -Bank of baroda, Kotak bank, Idfc, HUL, DLF....
  • Index losers   -Asian paint, Airtel, Ultra, Power grid, Ambuja....
  • 52 week high - Crisil, Dabur, HUL, ITC, TCS, TechM...
  • 52 week low  -  Asoke, Dish tv, gitanjali gems, Hincopper,Larsen, Tata steel, Torrent power,unitech...
  • Banned stock for 24th - July = Nil.
  • Most active stocks by volume -Unitech, Hdil,JP ass, Rcom, Rpower...
  • Most active stocks by value -LT, Hdfc, Reliance, Icici, Sbi...
 Open interest of nifty
Put Call Ratio of nifty

Put option =52111500
                 ------------
Call option=27526850

       PCR  =1.89















Market Revenue on 23-07-2013


Market Outlook for 24-07-2013
                               Market opened gap up & maintained that gap for the whole day, But as per our view it could not break 6100 mark. Now market is in confusion stage. Because we have some reasons, Last two days we seen huge roll over with fresh huge long build up in index nifty. So bulls expecting some big target in August serious. Before that rally one intermediate small correction will be there. We got some selling pressure in nifty EOD chart. But maximum to maximum nifty will fall around 5960 level. Once you get that level, don't leave that chance. Fresh bull run will start from there. If we consider with open interest, 6000 Put added nearly huge volumes & holding more than 90lak shares in OI. So breaking 6000 will be an difficult task for this serious. In 6000 call option we seen huge short covering & 6200 build some resistance for bulls. Small traders please avoid trading in next two days, we are looking some huge volatile. So please keep safe you money for next serious.
                      Bank nifty rocked as per our view & also we said some of banks going to rock in coming days, Now we got many banks performed well. Still we are looking for few PSU banks will going to rock. Yes bank result will give some support for bank nifty. If they announce good result then all private banks will go up. Don't short on bank nifty even if nifty fall down. Because already it has been in almost oversold position. So if any rally then, bank nifty will going per form well & we could see some possibility for 13000 range in coming serious. Let us see. Put-Call ratio seems to be abnormal range of 1.89. Really this is unusual, so we expect some big rally in coming month with the target of 6600+++ Let us see. We gave one rocking call to our premium clients for next serious, It will going to make 200% return...


Trend of the day   
  High volatile , bear phase

Nifty levels
Nifty support     -  
6026-6030, 5990-5986 (major)
Nifty Resistance -   6100-6106 (major)

Stock Calls
HDFC                : Sell below 819 sl 828 target 
                            will be 807---

Bata India        : Sell below 913 sl 920 target 
                            will be 903---
Option Call

Indus ind           :  Buy 460 PE above only above 7 sl 3
                             Target will be 12
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