- Nifty closed at 5471.75 up by 63.30 points
- Nifty future closed at 5460.70 Discount of 11.05 points
- Open interest of the nifty is 2,32,82,300 down by 2,63,650 some short covering.
- Advances 743 Declines 414 Unchanged 77
- Index gainers - Bhel, Tata power, hcl tech, JPass, Jindal steel....
- Index losers - DLF, Ultracem, Sesagoa, Airtel, Cipla....
- 52 week high - TechM...
- 52 week low - Acc, Federal bank, Grasim, Ultra, Lots of stocks hitted 52 week low...
- Banned stock for 23rd - August = Hdil,
- Most active stocks by volume -Unitech, JP ass, Ster, Bhel, Yesbank...
- Most active stocks by value - Icici bank, Yesbank, Tata steel, TCS, Sbin...
Put option =45784600 ------------
Call option=52193200
PCR =0.87
Market Revenue on 23-08-2013
Market now moving towards an expiry closing point.Now only few days for this expiry so bulls try hard to close nifty some where upside. Last month we said nifty weak when it close below 5625 on monthly basis & strong if close above 6085. So responsible bulls will try to close the nifty above 5625 before this month. If they failed to close that level then bears will rule the market for some time. If we consider with open interest table, 5400 put option added more than 20lak shares in OI. Also 5300&5400 are holding equal amount of OI. For next week nifty will try to take support at 5400 level & any fall near to 5400 will be an good chance for buy. On upside 5500&5600 both are added nearly 25lak shares in OI. 5500 will give some resistance for bulls by holding the volume of more than 75lak shares in OI. Above that 5600 put option giving some mass resistance with 80lak shares in OI. So next week market will be in the range of 5400-5600 level, mostly expiry closing seems to be 5480-5551.
Banknifty still not showing any good performance, We are expecting bank nifty might go below 9000 mark one more time. Other wise it has to show sharp recover & close above 10250. Upto that selling pressure will be there. One more thing is, our dalal street expecting some good things from our new RBI governor. So September month RBI policy might be an good trigger for market. Let us see our new rbi governor performance in coming days. Investor may try to buy some metal sectors on any dip. Metals will going to perform well in coming days. So don't miss any dip. Put-Call Ratio stays at 0.87 & it seems to be in short covering mood. So bounce will be expected in next week. Dollar Vs Rupee needs some consolidation. $ Vs ₹ has a chance to test 67.40 so be careful for long traders in equity & short traders in commodity.
Trend of the day
High volatile with flat positive.
Nifty levels
Nifty support - 5400-5406, 5440-5444 (major)
Nifty Resistance - 5510-5514, 5547-5552 (major)
Stock Calls
Bata india : Buy above 856 sl 848 target
will be 865
Dr Reddy : Buy above 2129 sl 2117 target
will be 2150
Option Call
Nifty : Buy 5500 CE above 45 sl 34
Target will be 57+++
Delivery Call
Bhel : Buy above 118.50 sl 112target
will be 124+++ ( 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
