- Nifty closed at 5907.50 down by 83.00 points
- Nifty future closed at 6043.90 Premium of 36.40 points
- Open interest of the nifty is 1,80,07,200 up by 32,95,900 mostly huge roll over takes place to Aug serious.
- Advances 363 Declines 813 Unchanged 53
- Index gainers -Heromotor, Asian, BPCL, Tata motor, Axis....
- Index losers -Ambuja, JPass, ITC, HUL, Tatapower....
- 52 week high - Dabur, Hcl, TCS, Zeel...
- 52 week low - Mostly all bank stocks in 52 week low....
- Banned stock for 26th - July = Nil.
- Most active stocks by volume -Unitech, JP ass,Ambuja,IFCI, ALOKTEXT...
- Most active stocks by value -SBIN, Icici, Axisbank, Yesbank, ITC...
Put option =24794900
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Call option=21638050
PCR =1.15
Market Revenue on 25-07-2013
Due to high volatile market tested 5900 level. Market missed our prediction, but we said we have to accept expiry volatile & it closed our support level only. But don't worry about this fall, because market looking some upside in august month. We having strong support at 5853 level. if it break that level then close all your longs & take fresh short position. But we don't thing nifty will fall below that level, because of following reason. After a long time nifty closed with high premium. FII's build huge long in index future. So they are looking index towards upside. Now open interest table just developing for august series. so we can't get any conclusion with this data, it seems to be developing 5900 put will having good support with open interest of nearly 40lak shares. Upside 6000 call giving some resistance for bulls with 30lak shares in OI. Please note if open &low will be same then market will be highly bullish for the whole month. keep it this in your mind.
Bank nifty looking to bottomed out. Nifty fallen heavily but bank nifty not fallen much down side. Because PSU banks were not fallen much & SBI, Bank of baroda, PNB looking good for this series. Interested may go long on these banks in this month. Again & again we say if sbi starts rally then whole market will go up. We already said PSU bank stocks are trading below the book value & it looking so cheap. So we suggest there is no big down side from here. Please keep mind one thing, If banks fall more then whole market will fall heavily. If market leave this chance to make any upside then market could not see any fresh high in next few years. Please keep this in your mind. Put-call ratio seems to be good for bulls & it will give some buying chances. Investors & traders may wait another one or two days for clear direction or trend for the month. Fresh buying will start if nifty close above 6085 upto that selling pressure will be there.
Trend of the day
Flat if nifty hold 5900 in first half then there may be chances for closing above 5968 in second half.
Nifty levels
Nifty support - 5860-5853 (major)
Nifty Resistance - 5960-5968, 6000-6007 (major)
Stock Calls
Wipro : Sell below 375 sl 381 target
will be 368---
PNB : Buy above 643 sl 638 target
will be 651+++
Option Call
M&M : Buy 860 PE above 21 sl 16
Target will be 28+++
Delivery Call
Syndicate bank: Buy above 103 sl 98 target
will be 110 ( 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
