- Nifty closed at 6031.80 up by 2.60 points
- Nifty future closed at 6043.55 Premium of 11.75 points
- Open interest of the nifty is 1,41,10,300 down by 11,79,050 mostly huge roll over takes place to Aug serious.
- Advances 503 Declines 677 Unchanged 54
- Index gainers -HDFC, Indisind, Sunpharma, M&M, Bank of baroda....
- Index losers -Bhel, LT, Ambuaja, Ongc, Tatasteel....
- 52 week high - Tcs, TechM, Dabur, CRISIL...
- 52 week low - Asoke, Bankindia, BHEL, Gitanjali gem,LIC, Sail, MMTC, Tata steel, Torrent power...
- Banned stock for 23rd - July = Nil.
- Most active stocks by volume -Unitech, JP ass, Idea, BHEL, Gmr infra...
- Most active stocks by value -LT, Reliance, TCS, Icici, Infy...
Put option =52724750
------------
Call option=30073500
PCR =1.75
Market revenue on 23-07-2013
Market again took rest for the whole day & closed flat. Due to LT result some heavy weight stocks fallen down. But nifty managed to hold on range bound day. We requested all investors & traders please do small quantity in near term. Because FII's not concentrating on cash segment & their volumes are also looking too low. Please concentrate on index. We seen some huge roll over to next month & build some long on index. So market something expecting on next serious. Let us see in aug- serious. Now what next? In open interest table again we saw some short covering in below 6000 strike prices. 6100 call added nearly 7lak shares in OI. So bears trying to fix some resistance near 6100 for bulls. On down side 6000 put added nearly 11lak shares in OI. So breaking 6000 is an difficult task for bears, Suppose if they break then we have strong resistance at 5968. Closing below 5968 only weak up to that every dip will be good buying chance.
As per our view bank nifty seen some short covering, still we have some more up side for bank nifty. If sbi starts move up then all other banks will follow that. We are expecting some bounce from SBI before this expiry so try to buy that stock. We thought banks rally started now with the expectation of RBI policy. But we don't thing any rate cut in repo & CRR. So before RBI policy one rally will be there. Dollar VS Rupee stabilize between 59-60. so we could possible to see some money flow in equity market. Put-Call ratio still favor for bulls & stays at 1.75. So there is no chance for big fall up to expiry. Option traders please change your trading on next month contracts. Some of bank stock going to rock in next few days, please concentrate on banking stocks up to RBI policy. Nifty chart not looking good in the last two days, so be careful & keep proper sl.
Trend of the day
High volatile , market favor for both bulls & bears.
Nifty levels
Nifty support - 6000-6007, 5960-5968 (major)
Nifty Resistance - 6066-6070, 6100-6106 (major)
Stock Calls
Sun tv : Sell below 394 sl 401 target
will be 391
Bata india : Sell below 923 sl 930 target
will be 916
Option Call
Dr reddy : Buy 2300 put above 24 sl 16
Target will be 32
Delivery Call
Bank of baroda: Buy above 598 sl 589 target
will be 613 ( 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
