- Nifty closed at 5550.75 up by 78.95 points
- Nifty future closed at 5554.60 Premium of 3.85 points
- Open interest of the nifty is 1,80,31,300 up by 7,16,900 mostly fresh long build up carried.
- Advances 841 Declines 344 Unchanged 52
- Index gainers - Jpass, Indusind, Tatasteel, Dlf, Ranbaxy....
- Index losers - M&M, Kotakbank, Tatapower, Heromotor, Acc....
- 52 week high - Hcltech, Heromotor, Tcs...
- 52 week low - Adanienter, Maxindia...
- Banned stock for 3rd - September =Nil
- Most active stocks by volume -Jpass, Unitech, Rcom, Idfc, Renuka...
- Most active stocks by value - Reliance, Icici bank, Axis,Itc, Hdfc...
Put option =44524150 ------------
Call option=29846150
PCR =1.49
Market Revenue on 02-09-2013
Once again market now exactly moving as per our view & now market almost near to 5600 level. FII's also turned into net buyers in cash segment. But anyway nifty crossing 5625 could be little difficult. So selling pressure must be there. Broader market also seems to be very good. $ Vs ₹ taking rest now. It is now cat on wall position. so it can move anywhere based on New RBI governor movement. Already we said there is no big resistance for upside while consider with open interest table. Still 5300 put option holding more than 65lak shares in OI & Giving mass support for next one or two weeks. 5500 put option added nearly 14lak shares in OI. So bulls building some resistance for bears @5500 level. If we consider with bears side 5500-5800 call options holding almost equal volume of OI so they are in little confusion stage. Still bears have to work hard to counter act bulls strategy. But be careful for all your longs because bears may attach anytime.
Bank nifty taking some breath for next move, No one can predict the direction but mostly it will travel with new RBI governor statement. Still some huge selling pressure will be there in all private sector banks. So avoid private sector banks. Also if any of investors having profit in pharma or IT sector then please consider your profits here. Don't hold these type of high beta stocks. We intimated to catch the metal stocks at lower level & now almost more than 30% profit. Still more upside will be there in metal sectors. Put-call ratio is now 1.49 little danger for bulls. When ever it crosses 1.60 then market may go up one more 100 points from that points. So keep watch these ratio very closely. Keep note 5625-5630 will act good resistance for bulls.
Trend of the day
Choppy trade. last one hour selling pressure will be there.
Nifty levels
Nifty support - 5514-5508, 5477-5472 (major)
Nifty Resistance - 5588-5593, 5625-5630 (major)
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