Sunday, 15 September 2013

MARKET PREDICTION FOR 16-09-2013

Market data on 13-09-2013
  • Nifty closed at 5850.60 down by 0.10 points
  • Nifty future closed at 5875.90 Premium  of 25.30 points
  • Open interest of the nifty is 1,73,17,450 down by 16,15,150 mostly profit booking & short covering.
  • Advances 714 Declines 462 Unchanged 66
  • Index gainers - Bhel, Dlf, Axis, PNB, Relinfra....
  • Index losers   - Hcltech, Ultratech, Itc, Tatasteel, Icicibank....
  • 52 week high -  .... 
  • 52 week low  -  ....
  • Banned stock for 16th - September =Nil
  • Most active stocks by volume -Jpass, Unitech, Ashok, Yesbank, GMRinfra.... 
  • Most active stocks by value - Axis,Yesbank, Icici, Infy, Hdfc...
 Open interest of nifty
    Put Call Ratio of nifty

Put option =59567150                  ------------
Call option=38925800

       PCR  =1.53
















Market Revenue on 13-09-2013
 Market outlook for 16-09-2013
                                                    Market closed very strongly on weekly basis. But daily point of view still selling pressure will be there. Now nifty struggling to break 5929, in the mean time it taking support around 5815 level. So if nifty break on any side then 100points rally would be there. Mostly nifty will test 5701 before crossing 6000 mark. Let us wait & watch... Now open interest table not giving any clear picture but range between 5600-6000 only. 5700 call option having nearly 30lak share in OI  which is little higher than 5800 call option OI of 25lak shares. So as per open interest, nifty has lot of chances for testing near 5700 level & also RBI policy could be an big trigger for market in coming week. Policy meet conducting on 20th sep friday, So before that market may go on profit booking. Also both FII &DII's volumes were too low. Right now every one waiting for RBI policy
                       Bank nifty now taking some rest for next up move. In coming week bank nifty will show lot of volatile due to RBI policy. So mostly next week all traders eyes would be on bank nifty only. So bank stocks would be an right choice for speculators. Low risk traders & investors may avoid trading upto 2014 Election. Because lot of political drama's will rise in coming days. Now BJP announced their Prime minister candidate of Mr MODI. So this event also reflect in our market. Now lot of expectations are rising from ruling party. Let us see how congress will counter act the Modi's strategy. Put-Call ratio is stays at 1.53 & it seems to be cat on wall stage. In coming week nifty strong above 5929 weak below 5815. keep this level in your mind before trading.
 
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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