- Nifty closed at 5414.75 down by 93.10 points
- Nifty future closed at 5416.75 Premium of 2 points
- Open interest of the nifty is 1,91,83,700 up by 15,66,900 Mostly huge short Build up.
- Advances 342 Declines 850 Unchanged 48
- Index gainers - Tata steel,JPass, Jindal steel, Hindalco, ....
- Index losers - Axis bank, Indusindbank, Idfc, Ambuja, Icicibank ....
- 52 week high - Nil...
- 52 week low - Lots of stocks hitted 52 week low...
- Banned stock for 20th - August = Hdil
- Most active stocks by volume -Unitech, JP ass, JPpower, Rcom, Yesbank...
- Most active stocks by value -Sbin, Icici bank, McDowell, Yesbank, Hdfc...
Put option =44146750 ------------
Call option=50220300
PCR =0.87
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Market Revenue on 19-08-2013
As per our trend analysis market shows free fall below 5477, We already said there is no big support for market now. Dollar Vs Rupee trading asia'a most worst currency so far this year. Now it trading above 63 mark. Technically Rupee having strong resistance near 63.80 & also $ Vs Rs is in over bought position. So some profit booking will be expected in coming days. Suppose if it break & Close above 63.80 then equity market would see more damage. Nifty might fall below 5000 mark. If we consider with open interest table, It is fully occupied by bears. 5400 call option added more than 30lak shares in OI & mean time 5400&5500 put options seen more than 30 lak shares on short covering. On down side 5300 put option holding more than 60 lak shares in OI But it will give only minor support for market now, because bears seems to be shifting their target to 5100 mark. 5100 put added more than 20lak share in OI. On upside 5600&5700 call option holding more than 60lak shares of OI each. So any bounce from here will be in the range of 5600-5700 level only.
We clearly explained in our last market outlook regarding Bank nifty. i e.,now is the term for private sector banks to go short, see now all private sector banks are falling very badly. Still we are considering bank nifty as a critical position only. We don't see any bounce in near term, if any bounce that would be an short covering only. So mostly try to short any upside in banking stocks. After a long time metal sectors are showing some buying signal. We don't this is short covering for metal sectors. So metals are in clear bottom level &we suggested investors may pick some metal stocks in their port folio. Put-Call ratio is now 0.87 so selling pressure will be there on every rise. Please note market will take support at 5325-5330 level & one short covering rally will start in next few days, this rally will go upto 5663( max to max). Keep this in your mind when trading.
Trend of the day
If first half market will be in selling pressure, Second half market will try to close at higher level.
Nifty levels
Nifty support - 5366-5360, 5330-5325 (major)
Nifty Resistance - 5440-5446, 5477-5482 (major)
Stock Calls
LT : Buy above 743 sl 735 target
will be 751+++
Kotak bank : Sell below 619 sl 625 target
will be 612---
Option Call
Tata steel : Buy 250 CE above 8.10 sl 6.10
Target will be 11.60+++
Delivery Call
Relinfra : Buy above 334 sl 328 target
will be 343+++ ( short term )
Keep hold all holdings
Please buy our calls only at specified range, don't enter before that.
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