- Nifty closed at 6038.05 up by 64.75 points
- Nifty future closed at 6052.40 Premium of 14.35 points
- Open interest of the nifty is 1,61,90,850 down by 2,71,850 mostly long liquidation.
- Advances 639 Declines 512 Unchanged 75
- Index gainers -Relinfra, Ongc, Asian paints, Axisbank, Bankof baroda....
- Index losers -Hcl tech, M&M, TCS, Ultra, NTPC....
- 52 week high - Lots of stocks hit 52 week high...
- 52 week low - Albk, Asoke, Bank of india, Jsw steel & lot of stocks hit 52 week low...
- Banned stock for 19th - July = Nil.
- Most active stocks by volume -Unitech, Ucobank, JP ass, RPower, Hdil...
- Most active stocks by value - Hul, Axis bank, Infy, Hdfc, Icicibank...
Put option =53679250
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Call option=30111950
PCR =1.78
Market Revenue on 18-07-2013
Market once again moved well with full of bulls power.As per our view we seen huge short covering in nifty 6000 call option & nifty closed above 6000 mark. Now looking to the target of 6200. If we consider with open interest, Nifty 5900-6100 put options added nearly 60lak shares in OI. we seen huge short covering in below 6000 call options. So bulls giving clear picture now in nifty for another 100 points rally from here. FII's are not showing much interest in cash segments, they are looking index options & stock future. Even DII's also net sellers in cash segment. So this trend might be an short term. Once market break all time high then we could see nifty around 6600+ in next 2 months. We said always one thing, i e., go with trend or go with FII's, then only we made profit. Now they are concentrating on index options. So all traders go with nifty options for making profit.
As per our expectation bank nifty bounced well from the bottom level. Axis bank announce their Q1 numbers above the street estimation & this result gave some energy to all bank stock. Finally all banking stocks bounced with huge gain. PSU banks also we seen some huge short covering. we expect this trend will follow in next few days then nifty will hit 6200 without much effort. We are looking Dollar Vs rupee will stay between 59-60 range for some days. If it stable this zone then equity market move well. Put-Call ratio stable above 1.60 now it stays at 1.78, so bulls are looking some trend reversal which may bring the nifty to 6200 level very soon. Only negative thing is, we unable to see huge volumes in cash segment.
Trend of the day
Positive
Nifty levels
Nifty support - 6000-6007, 5960-5968 (major)
Nifty Resistance - 6079-6085, 6124-6133 (major)
Stock Calls
LT : Buy above 988 sl 979 target
will be 998
Ongc : Buy above 317 sl 313 target
will be 323
Option Call
Maruti : Buy 1450 Call above 30 sl 24
Target will be 36
Delivery Call
Andhra bank : Buy above 79.50 sl 75 target
will be 83 ( short term )
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
