- Nifty closed at 5401.45 down by 13.30 points
- Nifty future closed at 5398.25 Premium of 3.20 points
- Open interest of the nifty is 2,07,86,250 up by 16,02,550 Mostly huge short Build up.
- Advances 613 Declines 572 Unchanged 62
- Index gainers - Sesagoa, Tata steel, JPass, Bpcl, Cairn....
- Index losers - Tatamotors, Acc, Hcl, Bhel, Sunpharma....
- 52 week high - Nil...
- 52 week low - Lots of stocks hitted 52 week low...
- Banned stock for 21st - August = Hdil, Finantech
- Most active stocks by volume -Unitech, JP ass, Ster, JPpower, Yesbank...
- Most active stocks by value -Hdfc, Icici bank, ITC, Yesbank, Infy...
Put option =43898500 ------------
Call option=51939650
PCR =0.84
NBN S&R SOFTWARE V13.2
Market Revenue on 20-08-2013
Market excellently bounced from day's low & closed near to day's high as per our trend view & we said market will go some short covering rally and now that rally was started. Once again we clarify one thing here, ie., This rally also short covering rally not bull rally. So unexpected fall will come on any high. Dollar Vs Rupee broken 63.80 but unable to close above our range. So profit booking might start very soon now in ₹. Once $ gets weak then equity market rally will start very easily. Let us see... Now open interest table showing some oversold position , So short covering rally will be inevitable for short term. Now market is in the range between 5300-5700 level, because 5300 put option sealed by bulls with nearly 80lak shares in OI & 5700 call option sealed by bears with nearly 80lak shares in OI. We seen short covering on above 5500 put options. So market will see above 5500 market very soon. Now only bad thing is FII's are net sellers in Cash segment with huge value. This is due to $ Vs ₹ volatile movement some of FII's booking their profits here.
We already said metal sectors are started to move up. Investors don't miss this opportunities to buy metal stocks. We have a chances for 100% return in one year. Now bank nifty seems to be go on short covering rally. Day traders don't wait for target in this type of rally, where ever you feel the profit then please consider that. Now some private sector banks are falling very badly & some of PSU banks are finding bottom. So still banks stocks are not in stable level. We feel banks stocks will take some time for finding the bottom. Upto that huge volatile will be there in all banking stocks. Investor may start your investment in some of PSU bank stocks. Like Albk, Andhra bank, PNB, Bank of baroda, Syndicate bank... Put-Call Ratio is now 0.84 If it fall below 0.80 then it will be very weak otherwise short covering will expected.
Trend of the day
High volatile with positive. lot of chances for closing would be above 5477.
Nifty levels
Nifty support - 5366-5360, 5330-5325 (major)
Nifty Resistance - 5440-5446, 5477-5482 (major)
Stock Calls
PNB : Buy above 480 sl 474 target
will be 490+++
Kotak bank : Buy above 638 sl 631 target
will be 644+++
Option Call
Jswsteel : Buy 540 CE above 14 sl 11
Target will be 18+++
Delivery Call
Union bank : Buy above 116 sl 111 target
will be 121+++ ( short term )
Keep hold all holdings
Please buy our calls only at specified range, don't enter before that.
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