- Nifty closed at 5742 down by 13.05 points
- Nifty future closed at 5781.05 Premium of 39.05 points
- Open interest of the nifty is 16,702,450 down by 6,51,650 Mostly long liquidation or profit booking.
- Advances 401 Declines 781 Unchanged 50
- Index gainers -Airtel, Dr Reddy, BHEL, Lupin, Hindalco....
- Index losers -Dlf, Axisbank, Power grid, NTPC, Jpass....
- 52 week high - Hcl tech, Idea, Sun pharma, Tcs,...
- 52 week low - Mostly all bank stocks & most of sectors are in 52 week low....
- Banned stock for 01st - August = Nil.
- Most active stocks by volume -Unitech, JP ass,Yes bank, Rcom, Suzlon...
- Most active stocks by value -Yesbank, SBIN, Icici,Axis bank, Hdfc...
Put option =32442550
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Call option=29611000
PCR =1.09
Market Revenue for 31-07-2013
Market meeting huge selling pressure & broke all support levels. But managed to close above 5739 level. Any close below 5739 then we could see another fall. After a long time FII's shows some good volume in cash segment. But they went some long liquidation in index future. Dollar Vs rupee crosses 60 mark. If we consider with open interest table, 5700 put holding more than 60lak shares in OI. below that 5600 also holding more than 40lak shares in OI. On upside 6000 call holding nearly 60lak shares in OI & give mass resistance for bulls. Open interest table now starts to build some long side which is favor for bulls. Now market is in weak only but some short covering will be expected. This short covering may bring the nifty to 5900 level. The next movement could be decided based on how it handles those levels. Dollar strengthening is favor for FII's in two ways, 1) They can book their profit 2) If it stable above 60 then indian equity market will be very cheap for them, so they may invest more to here. Let us see what they will do?
We seen some short covering in PSU stocks. Almost all bank stocks are in over sold position. So short covering might be takes place in coming days. But bulls be careful on upside because still selling pressure seems to be high.Bears are waiting on higher level for initiating shorts. We don't thing any fresh buying upto 5968 level. If nifty closes above 5968 then fresh buying will start. Icici banks beats the market expectation & it came after market hours. So morning only we know how market will react for this result. Put-Call Ratio seems to be flat now. Please note for long term traders & fresh buyers. When ever nifty closes above 6085 on monthly basis then nifty will see 600-700 points upside. Suppose if nifty close below 5625 on monthly basis then nifty will fall below 5000 mark.
Trend of the day
High volatile- positive
Nifty levels
Nifty support - 5701-5696, 5663-5658 (major)
Nifty Resistance - 5810-5815, 5847-5853 (major)
Stock Calls
Canara bank : Buy above 274 sl 265 target
will be 282+++
Hdfc : Sell below 793 sl 803 target
will be 783---
Option Call
M&M : Buy 940 CE above 30 sl26
Target will be 34+++
Delivery Call
Sesa goa : Buy above 128 sl 123 target
will be 136+++ ( short term )
Keep hold all holdings
Please buy our calls only at specified range, don't enter before that.
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