- Nifty closed at 5677.90 down by 49.95 points
- Nifty future closed at 5705.55 Premium of 24.65 points
- Open interest of the nifty is 1,54,49,500 down by 9,68,350 Mostly long liquidation or profit booking.
- Advances 332 Declines 843 Unchanged 61
- Index gainers -Ranbaxy, Cairn, Acc, Ambuja, Lupin....
- Index losers -Powergrid, JPass, Jindal steel, Dlf, Bank of baroda....
- 52 week high - Idea, Infy,Tcs, TechM...
- 52 week low - Mostly all bank stocks & most of sectors are in 52 week low....
- Banned stock for 05th - August = Nil.
- Most active stocks by volume -Unitech, JP ass,Idea, Rcom, Finantech...
- Most active stocks by value -Icici,Axis bank,Infy, Sbin, Idea...
Put option =37140750
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Call option=35471550
PCR =1.04
Market Revenue on 02-08-2013
Market remains high volatile for next few days due to heavy selling pressure on every bounce. Now only good thing is, FII's stays net buyers in cash segments in the last 3 days. and also they are doing some option longs. Now market seems to be bottomed out & looking some base support around 5625. If monday green means then next weekly close will be in green. If we consider with open interest table, 5600 put added more than 13lak shares in OI & 5700 remains high volumes of OI. Also 5800&6000 put option seen some short covering. So nifty mostly bounce from next week. On upside 6000 call option holding more than 70lak shares in OI. So breaking 6000 for this serious will be little difficult. Mostly lot of stocks are in very critical position. Only IT, Pharma & FMCG stocks holding the nifty near to all time high.
Bank sector now very volatile & unpredictable range. No one could not understand why these stocks falling like this. Almost all PSU bank stocks fallen more than 50% in the last 3 months. This is due to dollar Vs rupee movement & governments unnecessary action. As of now we got some banks first Q1 results, If we consider with those results, we don't thing any big issue in that. So problem is some where else, not in banking system. Government has to take immediate action on CAD(Current account deficit). If not possible then no one can control rupee falling. SBI result on coming 12th August & also it looking in over sold position. So short covering & result expectation will move the SBI towards upside. Suppose if SBI moves up then market will go up. Let us see. Once again we clarify here, i e This is the right time for investors to take long term investment.
Trend of the day
High volatile if hold 5663 in first half then closing might be above 5720.
Nifty levels
Nifty support - 5663-5658, 5625-5619 (major)
Nifty Resistance - 5739-5749, 5777-5783 (major)
Stock Calls
Ambuja : Buy above 173 sl 168 target
will be 178+++
Axis bank : Buy above 1106 sl 1097 target
will be 1116+++
Option Call
Sunpharma : Buy 550 PE above 19 sl16
Target will be 23+++
Delivery Call
Union Bank : Buy above 118 sl 115 target
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
