Monday, 16 September 2013

MARKET OUTLOOK FOR 17-09-2013

Market Data on 16-09-2013
  • Nifty closed at 5840.55 down by 10.05 points
  • Nifty future closed at 5862.25 Premium  of 22.30 points
  • Open interest of the nifty is 1,68,11,950 down by 5,05,500 mostly profit booking & short covering.
  • Advances 460 Declines 722 Unchanged 59
  • Index gainers - Bpcl, Indusind, Maruti, Icici, Airtel....
  • Index losers   - Ranbaxy, Bhel, Hcltech, Ultra, Sesagoa....
  • 52 week high -  Cipla, Sunpharma.... 
  • 52 week low  -  ....
  • Banned stock for 17th - September =Nil
  • Most active stocks by volume -Jpass, Ranbaxy, Unitech, NHPC, Hdil.... 
  • Most active stocks by value - Ranbaxy, Axis,Icici, Kotak, Sbin...
 Open interest of nifty
    Put Call Ratio of nifty

Put option =58478550                  ------------
Call option=38952600

       PCR  =1.50
















Market Revenue on 16-09-2013
Market outlook for 17-09-2013
                Market opened gap up but unable to sustain that gap. Because we already said daily chart pattern looking weak. Still daily chart is weak only & it has to fall some where downside around 5700. So once it test the 5700 level then sharp bounce will come. Again we remain all of our clients & traders please don't go long if it not test around 5700-5740 zone, suppose nifty bounce without testing our zone then heavy selling pressure would come at higher level. So please keep this mind before trading.  Now open interest of nifty having strong resistance around 6000 mark, 6000 call holding nearly 5lak shares in OI. On downside still 5600 giving mass support & 5600 put option holding nearly 60lak shares in OI. 6000 put option added nearly 6lak shares of OI, so right now bulls are trying hard to break 6000 mark, at the same time 5900 & 6000 call option added nearly 5lak shares in OI. So big war is going between bulls & bears. Let us see who will going to win.
                     Bank nifty now pushing up by private sector banks. Still PSU bank are struggling for second round movement. This week bank stocks movement will be based on RBI policy expectation only. They are expecting some Repo & CRR cut in coming policy meet. Market will cheer if rate cut anything above 50 base point. If any un change statement would be big disappoint for market. Let us wait & watch.  Last week we suggested here please avoid IT sectors, see now it fallen more than 5% in the last 4days. Still more profit booking will come if nifty break 6000 mark. Put-Call ratio now stays at 1.50, we are expecting it could possible to test 1.40 in this week.     $ Vs ₹ now having strong support at 62.50 on closing basis. Any single close below 62.50 will bring further down otherwise it could possible to test 65.20 again. Keep watch $ Vs ₹ closely for this week. 

Trend of the day 
High volatile,
Negative

 
Nifty levels
Nifty support     - 
5815-5810, 5777-5773 (major)
Nifty Resistance -  5891-5897, 5929-5935
(major)
     
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