- Nifty closed at 5867.90 up by 30.95 points
- Nifty future closed at 5874.95 Premium of 7.05 points
- Open interest of the nifty is 1,56,46,500 up by 6,81,050 mostly long build up.
- Advances 652 Declines 615 Unchanged 83
- Index gainers IDFC, JPass, Jindal steel, NMDC, Asian paint....
- Index losers GAIL, Airtel, Lupin, Icici, M&M....
- 52 week high - Hul, Lupin, United sprits...
- 52 week low - Asoke leylond, Gitanjali gems, Guj mineral, indian bank & lots of stocks hit new low....
- Banned stock for 8th - July = Nil.
- Most active stocks by volume - Rcom, FSL, Unitech, Hdil,JP ass...
- Most active stocks by value - Mc dowell, Icici, HUL, Reliance, Sbi....
Put option =44747700
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Call option=32201350
PCR =1.38
Market Revenue on 05-07-2013
As per our view market moving now with exact levels. Market facing more selling pressure for crossing 5900 mark. So market will be in the range of 5750-5900 level. If nifty break on any side we will get minimum 100-150 points in that direction. Mostly we are expecting on upside movement for this serious. Already market created strong base around 5739-5750 level. So any dip near to this level will be an good chance to go long with the target of 6000+++ in coming days. If we consider with open interest table, We seen some short covering in call options below 5900 levels. At the same time 6000 &6100 call options added nearly 15lak shares in OI. While we check Put options below 5900 levels we seen huge additions in OI. So mostly we could expect market will break 5900 mark on next week but we have to face more volatile. Also from 10th onwards corporates Q1 results announcement will start, that will be an next big trigger for the market.
Bank nifty we already said it trading very cheap. Mostly coming Q1 results of banks stocks may drive their price movement to next level. Market expecting how banks have to face their NPA (Non-performing asset). In which way banks will recollect their NPA. That will be an big question mark now. Let us wait for those banks results. Recollecting NPA is not an big issue for banks, this is just an short term trend. Still their profit ratio not effected due to this NPA. SO once they improve their NPA then profit will increase more. Investors don't leave this chance to invest in banks. This is the golden opportunity. Now Put-Call ratio stays near 1.40 this will give some selling pressure now. But don't worry about this factor. We could see some consolidation for next few days , after that market will start the movement. Next week trend is go long on any dip with sl of 5739. Once nifty break 5739 then close all your longs & take fresh short positions we will intimate target later.
Trend of the day
Negative, Second half market will try to move up.
Nifty levels
Nifty support - 5777-5783, 5739-5747 (major)
Nifty Resistance - 5904-5710, 5929-5936 (major)
Stock Calls
Zeel : Sell below 238 sl 242 target
will be 233, 228
Federal bank : Sell below 395 sl 399 target
will be 390, 383
Option Call
Tata steel : Buy 265 call buy above 7.5 sl 5
Target will be 11, 14
Delivery Call
Idfc : Buy above 130 sl 127 target
will be 134, 137 ( 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
