Market data on 16-08-2013
- Nifty closed at 5507.85 down by 46.75 points
- Nifty future closed at 5505 Discount of 2.85 points
- Open interest of the nifty is 1,76,16,800 up by 27,12,300 Mostly huge short Build up.
- Advances 190 Declines 997 Unchanged 54
- Index gainers - Heromotor, power grid....
- Index losers - JP ass, BHEL, Axis bank, Relinfra, Bank of baroda ....
- 52 week high - Adithya, Heromotor, Idea...
- 52 week low - Lots of stocks hitted 52 week low...
- Banned stock for 19th - August = Hdil
- Most active stocks by volume -Unitech, JP ass, Tata motor, Rcom, Bhel...
- Most active stocks by value -Sbin, Icici bank, Reliance, Tata motor, Infy...
Put option =44947050
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Call option=45718150
PCR =0.98
Market Revenue on 16-08-2013
Market outlook for 19-08-2013
We were already said this rally was just short covering, see now market cracked very badly just like blood bath. This type of crack was happened 2-3 years before. Still market is running under heavy selling pressure. So we don't thing any support levels for bulls. But any way 5477 will give some strong support. Once break that level then 5440 is to be an minor support. If we consider with Open interest table, NIfty 5400 put holding more that 80lak shares in OI. So breaking this 5400 will be little difficult for Bears for this expiry, But becareful. On upside 5600 now giving some resistance for bulls & it holding more that 60lak shares in OI. 5500-5700 call options added more than 80lak shares in OI. so selling pressure will come on every upside. If it continuous this trend then all small traders will wiped out from the trading system. Investors also burning their fingers. Open interest table showing some critical events will coming soon. So trade accordingly with proper sl.
Bank nifty still doing very worst, Even now all sectors bleeding very hardly. Regarding bank nifty & bank stocks many rumors are going on in our market. Bank nifty will going to test 8000 mark. Is it true or not we don't know but all thing are favor like that only. Don't try to take any long position. Already all PSU banks are in ever green low, So now bears are looking for private sector banks.We don't thing any upside in coming days. Fresh buying will come only above 5853, upto that every rise selling pressure will be there.
FII's are net sellers in cash segment & index future also. But they bought in stock options. So investors have to wait for some time for right chance. Some
rumours about a move to stop foreign institutional investors (FIIs) from taking their capital out of the country is giving some fear to market. Put-Call Ratio now favor for bears.
Trend of the day
If first half nifty break 5477 then market may go free fall. If nifty hold 5477 then small short covering will be possible.
Nifty levels
Nifty support - 5477-5473, 5437-5442 (major)
Nifty Resistance - 5551-5557, 5600-5605 (major)
Stock Calls
Century tex : Sell below 212 sl 218 target
will be 207---
Bata India : Sell below 871 sl 886 target
will be 860---
Option Call
Dr Reddy : Buy 2150 PE above 40 sl 34
Target will be 48+++
Delivery Call
Tatamotor : Buy above 316 sl 307 target
will be 323+++ ( 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
