THANK YOU SARAVANA FOR YOUR WELL WISHES AND FORECAST ON THIS BLOG'S FUTURE. I WILL BE HAPPY TO CLOSE THIS BLOG BUT WILL ALWAYS TRY TO PREVENT OTHERS LOOSING MONEY BY FOLLOWING YOUR NIFTY EXPIRY FORECAST.
FIIs were net sellers with the tune of ` 922.15 crore (prov. cash market fig).
The BSE 30-share Sensex was down 65.33 points or 0.35% to 18,469.36, its lowest closing level since 24 March 2011. The index rose 69.67 points at the day's high of 18,604.36 in mid-afternoon trade. The Sensex lost 195.16 points at the day's low of 18,339.53 in morning trade. The S&P CNX Nifty was down 28.10 points or 0.50% to 5,537.15, its lowest closing level since 24 March 2011. The Nifty hit a low of 5,503. Nifty had hit an intraday high of 5,578.80. The BSE Midp-Cap index fell 0.45% and the BSE Small-Cap index declined 0.54%. Both these indices underperformed the Sensex.
The market breadth was weak. On BSE, 1109 shares advanced while 1701 shares declined and a total of 117 shares remained unchanged. Among the 30-member Sensex pack, 19 declined while the rest of them gained.
The total turnover on BSE amounted to ` 2704 crore lower than ` 3109.10 crore on Tuesday, 3 May 2011.
FOR DETAILS, “READ HERE”.
FNO DATA:
- Nifty Call options of strike 5700 added open interest by 61516 lots while Put options of strike 5600 had a build up of 13670 lots.
- Nifty Put Call ratio stands at 0.97 with the total open interest in Call options at 1,322,644 lots and that in Put options at 1,281,170 lots.
- Volatility Index fell by 1.85% from 21.58 to 21.18
FOR TODAY: EU as well as US markets closed in RED. Asian markets are trading mixed but on negative bias. SGX Nifty is trading around 5518.50, down 17.50 (at 8.50 AM), which covers some during the day from 5480.
Nifty is likely to take support in the 5480-5500 zone. A breach of 5480 and 5450 would open the gates for 5250.
BUY WITH YOUR CHOICE (NIFTY STOCKS/NIFTY FUTURE/NIFTY CALL OPTIONS) AROUND 5460-5470 SLOWLY WITH A STOPLOSS 5440 FOR FUTURE/OPTIONS. IF ANYONE GOES FOR NIFTY STOCKS, THEN AVERAGE AT 5200-5250 ONLY.
.... MORE CALLS ....
