- Nifty closed at 5542.25 down by 143.15 points
- Nifty future closed at 5573.35 Premium of 31.10 points
- Open interest of the nifty is 1,66,99,400 up by 14,55,050 Mostly fresh short build up.
- Advances 243 Declines 965 Unchanged 35
- Index gainers -Amubuja, Tatamotor, Power grid, Tcs....
- Index losers -Tatapower, Asian paint, indusind, Bhel,Bpcl....
- 52 week high - Tcs,Wipro...
- 52 week low - In NSE more that 300 stocks break & make new 52 week low....
- Banned stock for 07th - August = Hdil.
- Most active stocks by volume -Unitech, JP ass,Bhel, Hdil, Crompton...
- Most active stocks by value -Hdfc, Hdfcbank, Infy, Sbin,Icici bank...
Put option =36407700
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Call option=39392950
PCR =0.92
Market Revenue on 06-08-2013
As per our view market fallen very hardly & closed below 4 month low. Closing below 5625 will be weak only. but due to continuous fall of more than 500 points from the recent rally,we might see huge short covering in coming days. Now we have strong support at 5477 level. we don't thing market will break this level. Also $ vs Rupee reach new fresh low & we already said this is not good sign for equity market. Government appointed new RBI governor Mr Raghuram Rajan & he taking charge from 5 september onwards. So some expectation from new governor will be expected. Now he holding the position of the country's chief economic advisor to the Finance Ministry. So we may expect new governor may fulfill the government expectation. So this news may impact in our market in coming days. Let us wait & watch... If we consider with open interest, we seen huge addition in 5400-5900 call options with more than 50lak shares in OI. In above 5600 put options we seen huge short covering.
Bulls looking to build some resistance for bears at 5400 level & 5400 put holding more than 50lak shares in OI. Every one saying market will going to make big crash in coming days. But we don't thing so, because lots of stocks are in oversold position, Even nifty also in oversold position. Short covering should be there before making any crash. Bank nifty also in oversold position, In coming monday sbi result will be an good turning point for bank nifty. Banks falling is not good for indian economy & Also all banking stocks trading below book value , some of stocks trading one third of book value. If market break 5000 then we can conclude our country has not been developed in the past 5 years. Put-Call ratio at 0.92 little favor for bears. We expect some short covering in coming days.
Trend of the day
High volatile, flat positive close.
Nifty levels
Nifty support - 5477-5474 (major)
Nifty Resistance - 5620-5625, 5663-5667 (major)
Stock Calls
Hcl Tech : Sell below 941 sl 950 target
will be 930---
Hdfc bank : Sell below 606 sl 613 target
will be 599---
Option Call
Sbin : Buy 1800 CE around 33-35 sl 25
Target will be 45+++
Delivery Call
Tata motors : Buy above 289 sl 281 target
will be 298+++ ( short term )
PORTFOLIO ALERT
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
