- Nifty closed at 5565.65 up by 46.55 points
- Nifty future closed at 5589.70 Premium of 24.05 points
- Open interest of the nifty is 1,58,34,950 up by 2,66,550 Mostly fresh long Build up.
- Advances 824 Declines 346 Unchanged63
- Index gainers -Ranbaxy, Hindalco, cipla, Tatasteel, Dlf....
- Index losers -Sbin, Sunpharma, Lupin, Dr Reddy, Reliance ....
- 52 week high - Biocon...
- 52 week low - Most of stocks hit 52 week low.
- Banned stock for 12th - August = Hdil, Finantech
- Most active stocks by volume -Unitech, JP ass,Tatamotors, Ranbaxy, Hdil...
- Most active stocks by value -Ranbaxy, Hdfc, Tata motor, Lupin, Icici bank...
Put option =40182900
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Call option=42878400
PCR =0.93
Market Revenue on 08-08-2013
Market turns up after a long bear run. In the last two weeks nifty went down more that 600 points from higher level. So here after we could possible to see market bounce back & short covering. Because we seen bullish engulfing pattern in nifty. So after a two week gap it gave buy signal. Long term investors please keep your sl at 5477. Once break down or close below 5477 will be very danger for market. If we consider with open interest table, range of market looking some broad range of 5400-6000 level. 5400 put option holding more that 60lak shares in OI & 6000 Call option holding more that 60lak shares in OI. For upside 5800 will act one more resistance for bulls with holding more that 50lak shares in OI. But 5700 put holding nearly 40lak shares in OI, Market will try to test 5700 mark in coming days. 5700 call also builded some long bet & added more than 10lak shares in OI. so market will be in the range of 5477-5739 for next week.
Bank nifty still in big confusion for find out some base or support. once it find out that level then it can move up sharply. Before that market eagerly waiting for SBIN result on monday. Already market operators were well know about that result. As per Open interest table SBI is not good for any upside. So result only will decide the direction. If sbi fall after result then no one save the market to fall down. Something is cooking in equity market so traders be careful for this condition of market. Bank nifty also in oversold position, so short covering will be inevitable for any time. Put-Call ratio looking some selling pressure. Government taking some action against CAD (Current account deficit). CAD has to come control immediately otherwise indian economy will get severe pain.
Trend of the day
High volatile, Sbi result will decide the direction. Mostly green But be careful.
Nifty levels
Nifty support - 5477-5473 (major)
Nifty Resistance - 5625-5619, 5663-5658 (major)
Stock Calls
Sbin : Buy above 1786 sl 1750 target
will be 1820+++
Tatasteel : Buy above 221 sl 215 target
will be 227---
Option Call
Nifty : Buy 5700 CE above 61 sl 52
Target will be 73+++
Delivery Call
Canara Bank : Buy above 250 sl 242 target
will be 265+++ ( 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
