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Market outlook stoplosstrade 22 mar 2013

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Market outlook stoplosstrade 22 mar 2013

Market outlook stoplosstrade 22 mar 2013

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  • 1. 22-03-2013 Daily Market Insight The Nifty extended losses for fifth straight session and hit fresh low of 2013 on the back of weak cues from European peers. Attempts of pull-back were short-lived as the index faced supply pressure near 5,750 levels. The 50-share index ended at 5,656.65, down 37.75 points or 0.66 per cent. It touched a high of 5,757.75 and a low of 5,647.95 in trade today. The S&P BSE Sensex closed at 18,768.96, down 115.23 points or 0.61 per cent. It touched a high of 19,082.29 and a low of 18,756.65 in trade today. The S&P BSE Midcap Index fell 1.11 per cent and the BSE S&P Smallcap Index was down 1.23 per cent. The S&P BSE Realty Index was down 2.94 per cent, the S&P BSE Capital Goods Index was 2.63 per cent lower, the S&P BSE Power Index slipped 2.46 per cent and the BSE Auto Index declined 2.02 per cent. The S&P BSE IT Index was up 0.37 Outlook for the day per cent. INDICES LTP Change % ChangeIf in coming sessions, Nifty goes below 5,650, NIFTY 5658.75 -35.65 -0.63%heavy selling pressure is likely. Nifty has nowentered near term bearish phase. Only if its SENSEX 1872.87 -91.32 -0.48%sustains above 5,800 level now, trend reversalmay be seen. In coming week, 5,650 shall be CNXcrucial deciding level in near term, and index is SMALLCAP 3107.65 -44.85 -1.42%likely to witness further selling below this level. CNXMIDCAP 7336.50 -90.55 -1.22%Below 5,650, likely support is 5,590-5,540, whileabove 5,700, likely target is 5,750-5,780. BANKNIFTY 11238.35 -16.50 -0.15%© Copyright 2012, HBJ Capital Services Pvt. Ltd. info@stoplosstrade.com
  • 2. 22-03-2013 Daily Market InsightOption Strategy- NIFTY OPTION OPEN INTEREST CHART 10000000 9000000 8000000 7000000 6000000 5000000 CALL OI 4000000 PUT OI 3000000 2000000 1000000 0 5400 5500 5600 5700 5800 5900 6000 6100 6200 6300NIFTY OPTION OPEN INTEREST CHANGE CHART 1200000 1000000 800000 600000 400000 200000 CALL OI CHANGE 0 PUT OI CHANGE -200000 5400 5500 5600 5700 5800 5900 6000 6100 6200 6300 -400000 -600000 -800000 -1000000 The option data suggests that the market participants are currently visualizing the 6000 mark on the higher side. Very high CALL writing at 6000 Strike price will stop market to move beyond 6000 mark. On the other side we can see equal PUT writings on 5700 to 5600 strike price. This indicates that NIFTY down move would be restricted below 5600 mark. Last session’s option data indicated that NIFTY can have a range of 5600 and 6000 in near term.© Copyright 2012, HBJ Capital Services Pvt. Ltd. info@stoplosstrade.com
  • 3. 22-03-2013 Daily Market Insight Derivative Info Increase In Open Interest %Chg. Symbol Prev. OI Curr. OI %Chg. OI Curr. Price Price BUY SUNTV SUNTV 1127 1362 20.85% 385.7 -7.87% SAIL SL 378 ZEEL 5624 2622 6515 2957 15.84% 12.78% 63.2 200.75 -2.02% -1.47% INDUSINDBK 2430 2727 12.22% 406.05 0.48% BANKBARODA 3850 4150 7.79% 653.9 -5.19% Decrease In Open Interest %Chg. Symbol Prev. OI Curr. OI %Chg. OI Curr. Price Price WIPRO 3242 2379 -26.62% 435.95 0.90% MCDOWELL-N 26683 19980 -25.12% 1902.7 2.70% BUY WIPRO JINDALSTEL 6512 5009 -23.08% 342.05 0.84% IRB 5012 3910 -21.99% 111.65 -0.27% TATACOMM 2844 2320 -18.42% 216.5 -2.37% Increase In Open Interest & Decrease In Price %Chg. Symbol Prev. OI Curr. OI %Chg. OI Curr. Price Price SELL SUNTV 1127 1362 20.85% 385.7 -7.87% SAIL HDFCBANK ZEEL 5624 2622 6515 2957 15.84% 12.78% 63.2 200.75 -2.02% -1.47% BANKBARODA 3850 4150 7.79% 653.9 -5.19% HDFCBANK 14089 14909 5.82% 609.35 -3.01%Decrease In Open Interest & Increase In Price %Chg. Symbol Prev. OI Curr. OI %Chg. OI Curr. Price PriceWIPRO 3242 2379 -26.62% 435.95 0.90%MCDOWELL-N 26683 19980 -25.12% 1902.7 2.70% BUY ICICIBANKJINDALSTEL 6512 5009 -23.08% 342.05 0.84%ICICIBANK 34129 29547 -13.43% 1035.5 2.94%TITAN 9884 9001 -8.93% 250 1.94%© Copyright 2012, HBJ Capital Services Pvt. Ltd. info@stoplosstrade.com
  • 4. 22-03-2013 Daily Market Insight Daily Market Insight is an Informative Newsletter, powered by STOPLOSSTRADE [www.stoplosstrade.com | www.stoplosstrade.in] About STOPLOSSTRADE - A decade old financial advisory services firm with a vision to simplify the complex world of the financial markets. It provides a wide range of services nationwide to a substantial and diversified client base that includes retail clients, HNI’s, corporates and financial institutions. STOPLOSSTRADE is a 100% subsidiary of HBJ Capital Services Pvt. Ltd. Complete details can be found on [www.stoplosstrade.com | www.stoplosstrade.in ] About HBJ Capital - HBJ Capital was founded in 2005 as an Equity research firm and currently has grown to become a Financial Services provider.HBJ Capital has core competencies in Equity Research, Corporate Consultancy and Private Equity. The company is one of the leaders in Equity research domain and provides services to retail clients, HNI’ s, FII’s, Hedge Funds and Brokerage partners. Complete details can be found on www.hbjcapital.com DISCLAIMER: This report has been prepared for private circulation and the content has been obtained from various sources believed to be reliable, but we do not hold ourselves liable for its completeness and accuracy. HBJ Capital Services Pvt. Ltd, STOPLOSSTRADE and any of its employees shall not be responsible for the content and actions taken on the basis of this content. This is not an offer to sell or solicitation to buy any securities. Users are advised to use the data for purposes of information only and rely on their own judgment while making investment decisions.© Copyright 2012, HBJ Capital Services Pvt. Ltd. info@stoplosstrade.com
  • 5. 22-03-2013 Daily Market Insight Corporate Office (Bangalore) Stoplosstrade (SLT) #912, 1st F Main, Girinagar 2nd Phase, BSK 3rd Stage, Bangalore -85; LandMark: Near Sai baba Temple Phone: 080 65681133/34 Mobile: +91-9886403791/+080 – 6 999 999 2 E-Mail: info@stoplosstrade.com Bangalore Branch Office: Stoplosstrade (SLT) #578, Shree Durga Arcade, 2nd Floor Girinagar 2nd Phase, 6ty Block, BSK III stage, Bangalore – 560 085 LandMark: Above AXIS Bank Mobile: +91-9886403791/080-6 999 999 2 E-Mail: info@stoplosstrade.com New Delhi Branch Office: #I-2 (3rd Floor), Central Market (Next to KFC ) Lajpat Nagar -2, New Delhi -110019 Ph-011 64780080/79/78/77/76 Mobile: +91 – 9718979319 [24X7] Contact: Mr. Abhishek Kumar Singh, Operation Head (New Delhi, NCR) www.stoplosstrade.in www.stoplosstrade.com www.hbjcapital.com© Copyright 2012, HBJ Capital Services Pvt. Ltd. info@stoplosstrade.com

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