THANK YOU SHINE FOR YOUR INFO FOR ACTIVITIES ON 4300PE
FIIs were net sellers with the tune of ` 971.44 crore whereas DII were net buyers of ` 555.81 crore on Tuesday, the 4th October 2011(prov. fig.)
The BSE Sensex dropped 286.59 points or 1.77% to settle at 15,864.86, its lowest closing level since 26 August 2011. The index rose 50.93 points at the day's high of 16,202.38 in early afternoon trade. The index lost 406.02 points at the day's low of 15,745.43 in mid-afternoon trade, its lowest level since 8 February 2010. The S&P CNX Nifty was down 77.35 points or 1.6% to 4,772.15, its lowest closing level since 26 August 2011. The Nifty hit a low of 4,728.30 in intraday trade. The Nifty hit a high of 4,869.75 in intraday trade. The BSE Mid-Cap index fell 1.28% and the BSE Small-Cap index declined 1.09%. Both these indices outperformed the Sensex.
The market breadth was weak. On BSE, 1,771 shares fell and 992 rose and a total of 115 shares were unchanged. Among the 30-share Sensex pack, 23 declined while the rest rose.
FOR TODAY: AN ADDITION OF 20.5 LACS AT 4300PE IS SEEN. THE FIGURE IS NOT ALARMING (AS OF NOW) BUT WE HAVE TO BE CAUTIOUS. HOWEVER, STILL THE HIGHEST OI ACCUMULATION ON CALL OPTIONS IS SEEN FOR 5200CE (ABOVE 53 LACS) AND ON PUT OPTIONS FOR 4700PE (ABOVE 74 LACS) NIFTY MAY MOVE RANGE-BOUND BETWEEN 4700-5200 (AS OF NOW). YES, I MAY GO LONG AROUND 4700-4710 (4720, THE RECENT LOW) WITH STOPLOSS OF 4680 (POSITIONALLY). HOWEVER, IF NIFTY IS ABLE TO BREACH THE LEVEL OF 4688-4690 WITH VOLUME, I'LL REVERSE MY TRADE AND GO SHORT......
NOTE: KINDLY READ 'DISCLAIMER' BEFORE ANY ACTION IS TO BE TAKEN ON THIS VIEW.
