Marker Trend
Sell Hero Honda Motors Ltd.
Sell Below - 1674
Targ - 1662.20 , 1648.30
Stop loss - 1700.40
Buy Maruti Suzuki India Ltd.
Buy Above - 1275.1
Tar - 1290.05,1305.2
SLop loss - 1266.3
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HCL Infosystems Ltd.( 2 – AUGUST )
- SupportPriceResistancePriceSupport1101.68Resistance1103.63Support2100.87Resistance2104.77Support399.73Resistance3105.58
Gammon India Ltd. ( 2 – AUGUST )
- SupportPriceResistancePriceSupport1213.83Resistance1218.68Support2211.77Resistance2221.47Support3208.98Resistance3223.53
Reliance Power Ltd.( 2 - AUGUST)
- SupportPriceResistancePriceSupport1162.15Resistance1166.75Support2160.5Resistance2169.7Support3157.55Resistance3171.35
The Nifty closed at 5356.40, down 52.50 points or 0.97%.
Both Sensex and Nifty provisionally ended near the day's lows. Realty, IT, capital goods and power stocks declined sharply.
Today July Futures & Options series closed,It was a lackluster end to the last day of the July F&O series as the market closed flat with moderate gains. In futures I except that market will go up as comparesion to last month, It opened quiet and traded likewise for most part with no clear cues from global markets which continued to be sideways. Gainers in trade today were banking, realty and FMCG while capital goods.
Thursday, as traders squared off positions on July F&O series settlement. Losses in oil & gas and pharma stocks were offset by gains in banks and auto stocks.
MARKET TREND
BSE Sensex ended at 17,992, up 34.63 points or 0.19 per cent. The index touched a high of 18,013.10 and low of 17,902.84 intraday.NSE, Nifty closed at 5408.90, up 11.35 points or 0.21 per cent. The broader index hit a high of 5415.85 and low of 5381.55 during the session.
Top Nifty gainers were IDFC, HDFC and ICICI Bank almost all bank was doing well, while losers were from Gas sector Suzlon Energy, RCom and Sun Pharma.
On the put options front we have seen addition of open interest in August Series at strike price of 5200 and 5300.
OI Concentration Chart Interpretation: From the OI Chart we can see that in August Series maximum addition of open interest on the calls front is existent at strike price of 5500 indicating it as Resistance on the upside whereas on the put options front we have seen addition of open interest at strike price of 5300 indicating it as strong support on the downside.
The Nifty future (Aug.) closed at 5430.25 i.e. at a premium of 11.65 points vs. 0 points and added 2651800 shares in open interest.
Interpretation: The Nifty future prices ended in red territory along with overall shredding of open interest and increase in the cost of carry, this is an indicating of long closure at higher levels.
The new symbol, designed by Bombay IIT post-graduate D Udaya Kumar, was approved by the cabinet today, reflecting that the Indian currency, backed by an over-trillion dollar economy, was finally making its presence felt on the international scene.
Technical View
ONE CAN CONTINUE TO GO FOR SELL ON HIGHER LEVELS UNTILL IT CLOSES ABOVE 2025 ITS NEXT SUPPORT IS AT 1963. IN DOWNSIDE THE STOCK MAY SLIP TILL THE LEVELS OF 1900
THE STOCK HAS CROSSED OUR PREVIOUSLY SAID SUPPORT LEVEL, IN DOWNSIDE IT MAY SLIP TILL THE LEVELS OF 598-595, WITH IMMEDIATE SUPPORT AT 609.5 WHILE RESISTENCE AT 640.
STOCK TIPS
NIFTY TREND
SENSEX TREND
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Tips for Tomorrow
Bajaj Auto Finance Ltd. ( 9 JULY )
EIH Ltd. ( 9 JULY )
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Market Review
The Indian markets closed with losses ending near the day's low amid volatile trade. The BSE Sensex closed at 17,460 down 48 points or 0.28 per cent and the NSE Nifty declined 14 points or 0.27 per cent to 5,237. The Nifty closed below its support of 5,254.
This week's performance was below average and the numbers are: Sensex down 0.7% and Nifty also down 0.7%. CNX Midcap index was up 0.6%, BSE Smallcap index up 1.2% over the week. BSE Realty index down 0.6%, BSE FMCG index up 0.3%, BSE IT index down 1.7%, BSE Oil & Gas index up 0.9% and BSE Bankex down 1%.
STOCK TIPS
- Buy SBI on dips on between support level Rs 2130 - 2223 and hold for long term.
- Buy Bajaj Hindustan futures with target of Rs 132 in the July series and stop loss of Rs 116
- Balrampur Chini Mills Ltd.- Hold, target 88 with stop loss 76
Ashapura Minechem Ltd( FOR 30 JUNE)
SUPPORT | PRICE | RESISTANCE | PRICE |
SUPPORT-1 | 68 | RESISTANCE-1 | 75.3 |
SUPPORT-2 | 63.7 | RESISTANCE-2 | 78.8 |
SUPPORT-2 | 60.2 | RESISTANCE-3 | 82.5 |
Market Updation
Market session was good for today, the first half was subdued but the market gained momentum in the second half on the back of positive European cues. Sensex shut shop at 16922, up 264 points and Nifty at 5078, up 78 points from the previous close. CNX Midcap index was up 1.3% and BSE Smallcap index was also up 1.3%. The market breadth was positive with advances at 944 against declines of 318 on the NSE. Top Nifty gainers were Reliance Infrastructure, Hero Honda and Bharti Airtel while losers were Power Grid, PNB and BPCL.
Sure Market Trend
The 30-share BSE index rose 1.59 percent, or 264.19 points, to finish at 16,922.08, but the index is still down 1.1 percent this week. Twenty-nine of its components closed in the green.
The Bombay Stock Exchange in a clarification issued on Wednesday said, “As the ‘dummy' circuit filter was set at 20 per cent of the previous day's close and the lowest price buy order in the order book was at Rs 840.55, it prevented the price from falling further and the balance 1.6 lakh shares were executed at the same price.” RIL shares fell sharply to Rs 840.55 in 12 seconds at 12.50 pm on June 1 from a prevailing market price of Rs 1,027.55.
On January 7, 2009, Satyam shares fell from the previous day's close at Rs 179.10 to an intra-day low of Rs 39.95 on the BSE. Even in the next trading session on January 9, 2009, Satyam fell to Rs 11.50 in intra-day trade from the previous close of Rs 39 .95. On the NSE too, Satyam shares fell nearly to the same extent indicating there was no dummy filter operating on either BSE or NSE in January 2009.
Nifty Stock Futures
The Nifty closed at 5000.30. Nifty future (June) closed at 4990.40 i.e. at a discount of 9.90 points vs. 26.40 points and shredded -60600 shares in open interest.
The Nifty future (July) closed at 4987.35 i.e. at a discount of 12.95 points vs. 29.75 points and added 20550 shares in open interest.
The Nifty future prices ended in the positive terrain along with overall shredding of open interest and increase in the cost of carry, this is an indication that market rose on account of short covering.