- Nifty closed at 5859 up by 47.45 points
- Nifty future closed at 5868.35 Premium of 9.65 points
- Open interest of the nifty is 1,53,88,750 up by 5,38,350 mostly long build up.
- Advances 759 Declines 402 Unchanged 68
- Index gainers Power grid, Kotak bank, Sunpharma, Relinfra, Indusind bank....
- Index losers Jindal steel, Airtel, HUL, M&M....
- 52 week high - Dr Reddy, Havells, Ipca lap, Sunpharma...
- 52 week low - Gitanjali gems, MMTC....
- Banned stock for 10th - July = Nil.
- Most active stocks by volume - Rcom, Unitech, JP ass, RPOWER, Hdil...
- Most active stocks by value - Rcom, Infy,Mcdowell Relcap, Sbi....
Put option =44853800
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Call option=32377550
PCR =1.38
Market Revenue on 09-07-2013
Market nowadays moving exactly with our views. Every one can see market now in confusion with positive way. Confusion means still we couldn't get good volumes. In cash segment FII's are not showing their interest compare to the last 3-4 months. In future also sometimes they went long & some times they went short. So everybody rising some question i e when market will show movement. Our answer is Go long when nifty crosses 5910 or Go short when nifty break 5739. Up to that we meet selling pressure on every rise & buying will come on every fall. As per open interest table, 5800 & 5900 put options added nearly 15lak shares in OI. but still 5800 call holding around 44lak shares in OI, this is only giving more tension for bulls. Once it get short covering then market will fly. Otherwise market will get sell off on every rise.
After a long time bank nifty showing some strength now. Interested may go long on banknifty with sl of 11000 mark on closing bases target will be 12000+++. PSU banks were started to move up, bank stocks will going to fly in coming days. Don't miss this opportunities. We recommended strong buy on any PSU Bank stocks. Minimum we could see 7-9% upside for short term. Avoid private sector banks. Dollar Vs rupee will going to fall below 60 market, we could possible to see around 58 range. Once rupee get strong then equity market will move without fear. When ever you see $ Vs Rs around 58 then nifty will be above 6000 mark. Put-Call ratio still giving some more fear, once it cross 1.60 then there may be a chances for trend reversal. Let us see... Mostly market will break 5910 with in 2 days, so be ready to go long.
Please visit our fundamental analysis of nifty for long term CLICK HERE
Trend of the day
Flat in first half, If nifty holds 5853 then Second half market will try to break 5910.
Nifty levels
Nifty support - 5800-5806, 5777-5783 (major)
Nifty Resistance - 5904-5710, 5929-5936 (major)
Stock Calls
Dr Reddy : Buy above 2288 sl 2268 target
will be 2309, 2329
Canara bank : Buy above 357 sl 352 target
will be 363, 368
Option Call
Bank Nifty : Buy 12000 call buy above 86 sl 73
Target will be 110, 139
Delivery Call
Albk : Buy above 92 sl 89 target
will be 96, 99 ( short term )
Keep hold all holdings
Please buy our calls only at specified range, don't enter before that.
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