- Nifty closed at 6012.30 down by 103.45 points
- Nifty future closed at 6037.50 Premium of 25.20 points
- Open interest of the nifty is 1,49,24,250 up by 12,79,950 mostly short covering & some rollover to next month.
- Advances 362 Declines 810 Unchanged 64
- Index gainers - Relinfra, Ultra, Gail, Hcltech, ambuja....
- Index losers - Dlf, Pnb, Bank of baroda, Indusind, Jpass....
- 52 week high - Crisil, Dr Reddy, Rcom, Tatamotor....
- 52 week low - Bharat elec....
- Banned stock for 23th - September =Finantech
- Most active stocks by volume -Jpass, Unitech, Yesbank, Rcom, Idfc....
- Most active stocks by value - Yesbank, Hdfc, Icici, Axis, Sbin...
Put option =59874900 ------------
Call option=37501700
PCR =1.60
Market Revenue on 20-09-2013
Market unexpectedly fallen very badly due to some unexpected action from our new RBI governor. Rbi policy didn't satisfy the market needs. But last week we said so many times, that is If market goes up without testing 5700-5740 zone then unexpected fall would come. See now, market went down very badly. Now weekly nifty EOD pattern gave spinning top pattern. So consider with weekly perspective still market is in bulls control. Now market moving to the end of sep expiry week, so huge volatile will be expected. Consider with open interest table, 5800put holding with more than 45lak shares in OI & giving mass support on down side.Also we seen some short covering on above 5900 put options but this is due to fear about market. On upside 6200 call option having more than 40lak shares in OI & giving some strong resistance for bulls. Nowadays market not much reacting with open interest volumes. Mainly keep note FII's are still in bullish on both cash & index future, so market might go upward direction.
Last week banknifty faces more volatile because of US federal meet & RBI policy. Now all news were came out & entered into expiry week. So still more volatile would be there in banknifty. After a long time bank stocks were moved well in the past 2 weeks but now RBI disappoint those rally. But anyway we don't thing any big fall in next 2-3 weeks because Q2 result will start from october 2nd week onwards. So next rally will start based on corporate results. Still we are suggesting PSU bank stock for long term investment. Put-Call ratio now 1.60, so still bulls domination will be there. Nifty having strong support at 5929, so any close below 5929 only danger upto that no problem. if nifty holds 5929 then we could expect expiry may be above 6200. Let us see...
Trend of the day
Range bound,
Nifty levels
Nifty support - 5960-5968, 5924-5929 (major)
Nifty Resistance - 6040-6046, 6085-6093 (major)
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