- Nifty closed at 6009 up by 73.90 points
- Nifty future closed at 6007.25 Discount of 1.75 points
- Open interest of the nifty is 1,76,62,050 up by 8,44,800 mostly long build up.
- Advances 520 Declines 652 Unchanged 60
- Index gainers Infy, Idfc, LT, TCS, Reliance....
- Index losers JPass, Maruti, Ongc, Ultra, Grasim....
- 52 week high - Dr Reddy, Lupin, Sunpharma, Mcdowell,...
- 52 week low - Ashok ley, Engineersind, Gitanjali gems,Gujarat min, MMTC, Torrent power....
- Banned stock for 15th - July = Nil.
- Most active stocks by volume -RPower, Rcom, Unitech, JP ass, Hdil...
- Most active stocks by value - Infy, TechM, Reliance, McDowell,Sbi...
Put option =52727650
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Call option=30763350
PCR =1.71
Market Revenue on 12-07-2013
Market showing more strength now. As per our view market moving towards 6100 mark. Still bullish pennant pattern was not completed. So it has to move up in next week, But IIP data & CPI data not looking good, Although we expect these data was already factored in the recent fall. So mostly market will not react with this data. Now open interest of nifty options changes were amazing on friday. 5700-6000 put options added nearly 60lak shares in open interest. Mainly 5900 put added 25lak shares & downside we have mass support at 5800 put holding nearly 90lak shares in OI. Also we seen huge short covering in all call options below 6000 strike prices. as of now 6000 call holding nearly 60lak shares in OI & above that 6100 call holding more than 50lak shares, So bulls trying to move their target towards 6100 mark. It could be possible in coming week.
Last week we said If Put-Call Ratio crosses 1.60 then market will go up further instead of fall down. Now nifty put-call ratio stay at 1.71. So every one keep to understand, put option writers never leave the market towards on downside. They will try to move up the nifty or at least keep the nifty in range bound. Banknifty trying to move up but PSU banks are not supporting as of now. Mainly SBI not participating in this bull run. We are expecting PSU banks will move up at least 5-7% in next week. Next week axis, Hdfcbank & reliance results announcements will be there. So these results will be an next trigger for the market. We are advising to all traders please don't go short now, Put-Call Ratio not favor for bears. Low risk traders please avoid trading for next few days.
Trend of the day
Flat positive.
Nifty levels
Nifty support - 5940-5948, 5890-5900 (major)
Nifty Resistance - 6040-6046, 6079-6085 (major)
Stock Calls
Dr Reddy : Buy above 2353 sl 2435 target
will be 2367, 2377
Airtel : Buy above 307 sl 302 target
will be 314, 320
Option Call
Pnb : Buy 640 call buy above 18 sl 14
Target will be 23, 27
Delivery Call
Reliance : Buy above 890 sl 879 target
will be 901, 915 ( 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
