- Nifty closed at 5471.80 up by 62.75 points
- Nifty future closed at 5456.75 Discount of 15.05 points
- Open interest of the nifty is 1,73,14,400 up by 26,64,000 mostly fresh long build up carried.
- Advances 615 Declines 549 Unchanged 70
- Index gainers - Bajaj auto, Cipla, Tcs, Hdfc, HUL....
- Index losers - JSPL, Grasim, Ranbaxy, Tata steel, Hindalco....
- 52 week high - Biocon, Hcltech, Heromotor, Tcs, TechM, Wipro...
- 52 week low - ABB, Andhra, Coal india,Financial tech, Siemens...
- Banned stock for 2nd - September =Nil
- Most active stocks by volume -Idfc, Jpass, Unitech, GMR infra, M&Mfin...
- Most active stocks by value - Icici bank, Idfc, Axis,Tcs, Hdfcbank...
Put option =40452800 ------------
Call option=27448350
PCR =1.47
Market Revenue on 30-08-2013
As per our view surprise rally was started exactly at the end of last week. September month expiry started with positive way, Some of FII's showing buying interest in cash segment. After a long time we seen huge volumes in FII's cash segment & also DII's are stands as a net buyers in cash. These movement is purely expectation about our new RBI governor. If we consider with open interest table which was build very well on first day of this month. Because we seen huge short build up in put options. 5500-5000 put options added more than 40lak shares in OI, Specially 5300 added nearly 20lak shares & Giving mass support for bulls with more than 60lak shares in OI. So breaking 5300 is little difficult for bears in coming few sessions. On upside there is no big resistance as of now. 5500 call option added nearly 8lak shares in OI & giving some resistance for bulls with holding more than 30lak shares in OI. As per Open interest nifty has to go up only. Mostly market will hit 5600++ in coming days.
We already said banks could not perform well upto New RBI governor's first policy meet. Coming RBI policy is an big trigger for banking stocks. Bank nifty having resistance around 10000 level. So upto that, every bounce selling pressure will be there. Above 10000 bank nifty will fire & movement will be fast. Nowadays retail investors are looking IT sector, Pharma sector, Telecom sectors & slowly diverting in metal sectors & Auto sectors. We suggested to investors, please avoid IT & pharma sectors. Concentrate on metal & some PSU bank stocks for next few months. Put-Call ratio is now 1.47 so some selling pressure will be there. Above 1.60 market will fire but there may be a chances for unexpected fall. Traders keep proper sl for your trading.
Trend of the day
High volatile & flat closing expected.
Nifty levels
Nifty support - 5400-5406, 5360-5366 (major)
Nifty Resistance - 5510-5514, 5547-5551 (major)
Stock Calls
Bata india : Buy above 819 sl 813 target
will be 828
Jindal steel : Buy above 233 sl 225 target
will be 241+
Option Call
Nifty : Buy 5600 CE above 81 sl 73
Target will be 91+++
Delivery Call
PNB : Buy above 431 sl 421 target
will be 441+++ ( 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
