Monday, 9 September 2013

MARKET VIEW FOR 10-09-2013

Market data on 06-09-2013
  • Nifty closed at 5680.40 up by 87.45 points
  • Nifty future closed at 5697.80 Premium  of 17.40 points
  • Open interest of the nifty is 1,80,88,250 up by 3,08,750 mostly fresh long bild up.
  • Advances 696 Declines 476 Unchanged 68
  • Index gainers - Icici, Airtel, Cipla, Ongc, Asain....
  • Index losers   - Bank of baroda, Coal india, Sesagoa, Tata power, Lupin....
  • 52 week high -  Cipla... 
  • 52 week low  -  ...
  • Banned stock for 10th - September =Nil
  • Most active stocks by volume -Jpass, Sesagoa, Unitech, Yesbank, Idfc.... 
  • Most active stocks by value - Icici bank, Axis,Yesbank, Sesagoa, Infy...
 Open interest of nifty
  Put Call Ratio of nifty

Put option =52569550                  ------------
Call option=34258150

       PCR  =1.53
















Market Revenue on 06-09-2013
Market Outlook for 10-09-2013
                  We already said so many times that is market will recover after take over of Reserve bank by new governor. Now exactly nifty bounced more than 500 points from the recent low. Also nifty seems to be gap up on weeks first day, Let us see how nifty will hold that gap up open. Dollar Vs Rupee already came to some comfortable range but still in danger zone only. Mostly upto 20th sep market would be in high volatile in both equity & currency market. As per open interest table, Nifty having strong base around 5300 level &5300 put option holding more than 70lak share in OI. Also below 5800 put options added considerable Open interest. 5500-5300 call option we seen some short covering. There is no big resistance for bulls on upside. As of now we have strong base at 5625. Nifty technically take some support here & resistance is around 5777-5815 range.
              Bank nifty performed well, as we already mentioned here ie., if bank nifty holds 8600 then there is a lot of possibility for 10000. See now bank nifty tested 10000 mark. Still some PSU banks are not performed in this recent rally. Suppose if market takes consolidation then other underperformed stocks would try to move up. So please try to concentrate on some underperformed stocks like PNB, Bank of baroda, Canarabank...  And also metals stocks are started second round rally & few metal stocks are shown some break down. In coming week Metals & ADAG group of socks going to perform well. Put-call Ratio now stable at 1.53 little danger but favor for bulls. Please be aware on every upside because unexpected fall would be expected on upside. Long term investor please do some hedging for safe your money.

Trend of the day   
 volatile with cat on wall stage.

Nifty levels
Nifty support     - 
5663-5657, 5625-5620 (major)
Nifty Resistance -  5739-5742, 5777-5783
(major)
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