- Nifty closed at 5955.25 up by down by 75.55 points
- Nifty future closed at 5969.70 Premium of 14.80 points
- Open interest of the nifty is 1,65,72,900 up by 14,12,750 mostly long liquidation up.
- Advances 341 Declines 825 Unchanged 62
- Index gainers -ITC, Ambuja, BPCL, Airtel, HUL....
- Index losers -Indusind, DLF, JPass, Idfc, Axis....
- 52 week high - Hcl tech, Idea, ITC, Lupin, Sunpharma, TCS...
- 52 week low - Lots of stocks hit 52 week low....
- Banned stock for 17th - July = Nil.
- Most active stocks by volume -Unitech, JP ass, Asoke, Idfc, RPower...
- Most active stocks by value - Yesbank, Sbin, Reliance, Hdfc, Icicibank...
Put option =49920750
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Call option=30391150
PCR =1.64
Market Revenue on 16-07-2013
In a over night market was completely changed & gave more pressure to bulls. Also world market not changed much but SGX nifty fallen heavily in a over night. This fall was expected one, because last week we saw huge gap up from 5816 to 5891 which was done by overnight traders in SGX counter. Now the same traders booked their profits in the same SGX counter. So now market will go as per our view of consolidation trend. Still 2-3 days market will be in range bound. If we consider with open interest table, 6000 call holding 67lak shares & added nearly 7lak shares in OI. In coming days 6000 will act major resistance for bulls. Down side 5800 put holding more than 90lak shares in OI & it will give major support for this serious. 5900 put also holding nearly 70lak shares in OI & 5891 to 5910 will have technically massive support. So next few days market will be in the range of 100 points.
Unexpectedly bank nifty fallen very heavily Due to some action from RBI. Even our PSU banks also fallen very badly. IF banks continuous these trend then no one see new high in nifty. PSU banks book value is now around 2900 & now PSU bank index trading around 2600 level , So it trading below the book value. Technically it having strong support at 2551 range. We could possible to see bounce from here. Metal & realty sectors also trading below the book value but bank index something unusual. We already said so many times i e banks has to lead the real bull market. But here banks are struggling lot. Now RBI & govt took some action for dollar Vs Rupee, so it came near to 59 & still it will fall down. If it fall near 58 then equity market will fire. Next few days market will be in range bound. Trade with proper sl. Put-Call ratio still stays above 1.60
Trend of the day
Highly volatile , If spot hold 5929 in first half then second half will be positive.
Nifty levels
Nifty support - 5929-5935, 5891-5896 (major)
Nifty Resistance - 5968-5971, 5999-6007 (major)
Stock Calls
Federal bank : Sell below 384 sl 389 target
will be 379, 375
M&M : Buy above 916 sl 907 target
will be 924, 931
Option Call
PNB : Buy 620 Put buy above 17.50 sl 14
Target will be 21, 25
Delivery Call
R Power : Buy above 79 sl 75.50 target
will be 81.50, 83.50 ( 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
