- Nifty closed at 5341.45 down by 209.30 points
- Nifty future closed at 5344.55 Premium of 3.10 points
- Open interest of the nifty is 1,86,60,800 up by 6,29,500 mostly fresh long build up carried.
- Advances 283 Declines 893 Unchanged 56
- Index gainers - Lupin, Coalindia, cairn....
- Index losers - Axis, Indusind, Dlf, Relinfra, PNB....
- 52 week high - TechM, Wipro...
- 52 week low - Lots of stocks are making new 52 weak low...
- Banned stock for 4th - September =Nil
- Most active stocks by volume -Jpass, Unitech, Rcom, GMR infra, Yesbank....
- Most active stocks by value - Icici bank, Axis,Itc, Hdfc, Yesbank...
Put option =45246700 ------------
Call option=32235250
PCR =1.40
Market Revenue on 03-09-2013
Market once again cracked very hardly due to dollar impact. We already said 5600-5625 is an resistance for bulls, now exactly returned back from that level. Nifty created threelinestrik Pattern. So we need one more confirmation signal for next direction. If nifty holds 5293 then market will get some bounce. Any break below 5293 then one free fall would be there. Dollar Vs Rupee again in very critical position. Now every one looking for 71-72 range. but we don't thing so. $ Vs ₹ has to close above69 then we could see 71 very positively otherwise this is just an welcome party to our new RBI governor. Let us see how he handle this issue??? If we consider with open interest 5300 still giving some support for bulls. 5300 put holding more than 65lak shares in OI. So any break below 5300 blood bath only. On upside 5400-5800 call options added more than 20lak shares in OI & 5500 giving some resistance for bulls. In a single day all data seems to be turned into negative trend. Broader market looking very weak.
We exactly pointed out in our last view ie., still huge selling pressure will be there in private sector banks. Just look all private banks like axis, icici, hdfc, indusind, yesbank.... all are bleeding. Now bank nifty is in very very critical zone & we are expecting still 1000 points fall might come from this level.Because few heavy weight bank stocks broken major support level. So trade very carefully in banking stocks. Also FII's went huge short build up in index future. Still more pain will be there in our equity market & our dalal street will going to cry. We already intimated Put-call ratio little danger for bulls, see now market fallen heavily. It is now stable at 1.40. If you need buy to any stock or index then wait for some days. Lot of rumors are going on about Syrian war & that impact is going on in our market. But we are not accepting that because all world markets are very strong, our equity market only falling & this is due local political uncertainty.
Trend of the day
If first half nifty holds 5293 then closing will be above 5483 otherwise one more big fall.
Nifty levels
Nifty support - 5300-5293 (major)
Nifty Resistance - 5403-5410, 5440-5445 (major)
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