- Nifty closed at 5811.55 down by 56.35 points
- Nifty future closed at 5829.25 Premium of 17.70 points
- Open interest of the nifty is 1,48,50,400 down by 7,96,100 mostly short covering in shorts side.
- Advances 470 Declines 710 Unchanged 50
- Index gainers Indusind bank, Hcltech, Bhel, Relinfra, ACC....
- Index losers BPCL, JPass, ONGC, M&M, Tatamotors....
- 52 week high - Hcl tech, Rcom,...
- 52 week low - lots of stocks hit new low....
- Banned stock for 9th - July = Nil.
- Most active stocks by volume - Rcom, Unitech, JP ass, RPOWER, IFCI...
- Most active stocks by value - Rcom, Icici, HDFC, Relcap, Sbi....
Put option =44853800
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Call option=32377550
PCR =1.38
Market Revenue on 08-07-2013
As per our prediction market moves very well in the first day of this week. Nifty bounced more than 50 points from the lower level. Current status of market is fully confused stage, because if market weak means, it has to break 5739 but nifty still holding that level. Also FII's & DII's both are net sellers today. Even in F&O section also they sold very hugely. One more big positive thing is nifty future turns in to nearly 18 points premium. So some thing is cooking in market. Market will be in the range of 5739-5910, so traders keep this level when trading. Market strictly arrested between these zone. Once again we remain to all, i e if market break on any side we will get minimum 150 points movement. Nifty 5800 call added more than 8lak shares in Open interest. 5800 put & call options almost having equal open interest, so we feel market may take consolidation for next few days. let us see how market will carry? As per weekly chart nifty has to close above 5900 if holds 5739.
Now bank stocks are clearly bottomed out. Here after it will try to move up. CNX PSU Bank index trading below the book value, now trading at 2638. PSU index having mass support at 2551 so any fall near this level will be good entry for PSU banks. All these banks having good potential to push the market upside So don't miss it at any unwanted reason. Small traders please avoid to trade between the range of 5739-5910. Once you get clear picture after that you enter into the market. We are still bullish in market with sl of 5739. Put-Call ratio still in selling mood. keep proper sl then trade.
Trend of the day
Positive, Second half market will face more volatile.
Nifty levels
Nifty support - 5777-5783, 5739-5747 (major)
Nifty Resistance - 5904-5910, 5929-5936 (major)
No calls today
Keep hold all holdings
Please buy our calls only at specified range, don't enter before that.
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NSEBSENOW E-mail-- nsebsenow@gmail.com
