- Nifty closed at 5685.40 up by 7.50 points
- Nifty future closed at 5723.60 Premium of 38.20 points
- Open interest of the nifty is 1,52,44,350 down by 2,05,150 Mostly long liquidation or profit booking.
- Advances 576 Declines 603 Unchanged 57
- Index gainers -Jindalsteel, Jpass, Amubuja, Sesagoa, Relinfra....
- Index losers -Bhel, Asain paints, Bpcl, Airtel, Bajaj auto....
- 52 week high - Hcltech, Infy,Tcs,TechM...
- 52 week low - In NSE more that 300 stocks break & make new 52 week low....
- Banned stock for 06th - August = Hdil.
- Most active stocks by volume -Unitech, JP ass,Bhel, Rcom, Finantech...
- Most active stocks by value -Finantech, Axis bank,Infy, Sbin, Yesbank...
Put option =36689500
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Call option=35558050
PCR =1.00
Market Revenue on 05-08-2013
Once again we met selling pressure on higher level. Now nifty facing resistance at 5740 level. Once it break this level then nifty will try hard to move up. Advance decline ratio looking good. But FII's went short on index future, so they are trying to push nifty some more downside. We have strong support at 5625. Also close below 5663 will also bring too much of selling pressure. Now lots of stocks creating new 52 week low, but nifty managing to hold above 5500 mark. Now we consider with open interest table, nifty is in the range of 5700-6000. 5600 put also building more than 50lak shares in OI. Above 5700 call options added considerable volumes of OI. as per open interest nifty has to test 5800 mark very soon, because 5800 put holding more than 30lak shares in OI. If nifty break & hold below 5663 for more than 1hour, then fresh short build up should come. So be careful while trading. Any fresh shorts here would be very danger for market now.
Bank nifty shows some up move but, this is purely short cover from over sold level. Still fresh buying not initiated. Sbi result may be an good deciding factor for the next direction of market. So bank nifty now looking to move up towards 10500 mark. 10252 will act as a good resistance for bulls. Once they break that level, then 10500 will be an immediate target. Dollar vs rupee staying above 60 level is not good sign for equity market. Government also not taking necessary action. Dollar vs rupee looking to make new fresh high, if we are right then we could possible to see 65 range very soon. Because some symptoms are telling that, ie., IT sector moving up non-stop, After first quarter of RBI policy $ vs ₹ crosses 60 again. Put-Call ratio also moving favorably to bears. If nifty could not break 5739 then we could see nifty below 5600 mark.
Trend of the day
High volatile, cat on the wall position.
Nifty levels
Nifty support - 5663-5658, 5625-5619 (major)
Nifty Resistance - 5739-5749, 5777-5783 (major)
Stock Calls
Lic : Buy above 173 sl 168 target
will be 178+++
Hdfc : Sell below 799 sl 813 target
will be 786---
Option Call
Hcl tech : Buy 940 PE above 21 sl 18
Target will be 25+++
Delivery Call
Oriental Bank : Buy above 146 sl 142 target
will be 151+++ ( short term )
Keep hold all holdings
Please buy our calls only at specified range, don't enter before that.
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