Wednesday, 21 August 2013

MARKET OUTLOOK FOR 22-08-2013

Market data on 21-08-2013
  • Nifty closed at 5302.55 down by 98.90 points
  • Nifty future closed at 5291.60 Discount of 11.95 points
  • Open interest of the nifty is 2,42,31,050 up by 34,44,800 Mostly huge short Build up.
  • Advances 373 Declines 802 Unchanged55
  • Index gainers - Indusind, BHEL, Hdfc, Hdfc bank, Icici....
  • Index losers   - Ranbaxy, sesagoa, Acc, JPass, Airtel....
  • 52 week high - Nil... 
  • 52 week low  - Lots of stocks hitted 52 week low...
  • Banned stock for 22st - August = Hdil, Finantech
  • Most active stocks by volume -Unitech, JP ass, Rcom, JPpower,  Yesbank... 
  • Most active stocks by value -Hdfc, Hdfcbank, Icici bank, Yesbank,Sbin...
 Open interest of nifty
  Put Call Ratio of nifty

Put option =43476100                  ------------
Call option=54332500

       PCR  =0.80


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Market Revenue on 21-08-2013
Market outlook for 22-08-2013
                               After a long time market facing some big crash. We already said here that is  this rally is just short covering & unexpected fall would come. See now market is running just like a blood bath. Actually nifty broken 5477 by gap up but unable to hold that level. Heavy selling pressure from FII's because of $ Vs ₹ abnormal up movement. Every one know this is due to operators duty only. Lots of rumors are going on about this government. If government not ready to take necessary action then 100% they could not reform government again. Now what next in our market,  Open interest table fully occupied by bears, Now they are looking to push market below 5200 mark. 5200 put option added more than 13lak shares in OI, mean time we seen huge short covering above 5300 put options. 5300 call option added more than 20lak shares in OI.  So any rise will be good chance for go short. Expiry closing might be chances for 5000 range. So be careful for longs.
                    Banknifty shows some heavy short covering at opening but unable to sustain that gap up. If $ Vs ₹ goes like this then no one can stop bank stocks to go down. Put-Call Ratio now at 0.80 which is over sold condition, If it continuously hold below 0.80 then trend reversal will come ie., instead of going up again market will fall from here. So market is in danger condition investors please invest your money in some range bound stocks or some bottomed out stock like metal sectors. Avoid trading is an good thing for these kind of market. Before replacing new RBI governor, market will collapse very kindly, so new governor will not do nothing for this country.  New governor would have lot of responsibility for controlling theses type crash, rupee depreciation, Inflation, New banking license, Monetary policy etc... Let us see where market will settle down & when rally will start. This is purely election based actions. because all world markets are in very stable but here some thing wrong on political side. 

Trend of the day   
  High volatile with negative.

Nifty levels
Nifty support     - 
5174-5180 (major)
Nifty Resistance -  5360-5366, 5400-5406
(major)


Stock Calls 
McDowell          : Sell below 2094  sl 2117 target 
                            will be 2072

Relinfra             :
Sell below 316 sl 321 target 
                            will be 307
Option Call

Ib realest   
        : Buy 55 PE above 1.80 sl 1.20
                             Target will be 2.8+++
Delivery Call 
 
Idear                : Buy above 163 sl 156 target
                            will be 169+++ ( short term )


   Keep hold all holdings

Please buy our calls only at specified range, don't enter before that.

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