- Nifty closed at 5755.05 down by 76.60 points
- Nifty future closed at 5797.55 Premium of 42.50 points
- Open interest of the nifty is 1,73,54,100 up by 7,86,900 Mostly long liquidation or profit booking.
- Advances 240 Declines 947 Unchanged 44
- Index gainers -Idfc, Jindal steel, Hcl tech, Sunpharma, LT....
- Index losers -BPCL, Relinfra, Dlf, Ranbaxy, Ongc....
- 52 week high - Asian, Biocon, Sun pharma, TechM,...
- 52 week low - Mostly all bank stocks & most of sectors are in 52 week low....
- Banned stock for 31th - July = Nil.
- Most active stocks by volume -Unitech, JP ass,Dish tv, JPpower, Rpower...
- Most active stocks by value -SBIN, Icici,Axis bank, LT, Hdfc...
Put option =31463250
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Call option=29311350
PCR =1.07
Market Revenue on 30-07-2013
Market unexpectedly came down more than 300 points from the recent top. Only few sectors are remains in green. Now lots of stocks are trading in oversold position. Market fallen heavily but premium of nifty still too high. If we check FII's status they are net buyers in cash segment. As per open interest table nifty has to bounce very sharply from here. Down side 5700 put holding more than 50lak shares in OI with addition of 18lak shares. Still upside 6000 call holding more than 50lak shares in OI. 5900 put &Call both holding almost equal volume of shares. So we don't thing any big down side from here. At least nifty has to go for consolidation trend for next few days. We having strong support now at 5739 & 5682 both are looking strong. Very big issue for market is Rupee Vs dollar, it again crosses 60 after announcement of RBI policy. So now no one could not understand what RBI doing. They are just testing the patience of investors. They are not taking proper action for controlling rupee weakening.
Due to unwanted action by RBI, now banking stocks are almost collapsed. Some of stocks lose more than 60% in the past 4-6month. We thought banks might fall remaining all, if RBI & Government would not take right decision. If banks fall further down then our indian economy will be an big ? & also india will loss confidentiality of FII's. If they not take immediate action then FII's wipe out all their money from here. Now we have strong psychological support of 10000 mark for bank nifty. We expecting Icici bank Q1 result will beat the market expectation, If they beats the estimation then market will fire. other wise no one can save market in falling down. Put-Call ratio seems to be flat. Still we are believing market will hit all time high, if nifty holds 5739.
Trend of the day
Flat- positive
Nifty levels
Nifty support - 5735-57359 (major)
Nifty Resistance - 5810-5815, 5847-5853 (major)
Stock Calls
Bank of baroda : Sell below 552 sl 557 target
will be 546---
Biocon : Sell below 316 sl 321 target
will be 310---
Option Call
Hero motor : Buy 1850 PE above 61 sl 51
Target will be 71+++
Delivery Call
Icici bank : Buy above 946 sl 930 target
will be 961+++ ( 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
