Daily Market Watch

End of the reports of the day 09/04/2014 and market expectation tomorrow

Nifty future today low at 6748.05 and high at 6847 finally closed at 6843. The market recovers end of the day session. Because of Nifty future long build up happening and call options short covering and put options short build up seen. We expect the market will trade above the 6800 mark next few days. Banking and pharma stocks are good performs today. Bank nifty futures to make 421 points today 3.34%.

Today long build up stock futures

crompgreav, albk, andhrabank, syndibank, dishtv, bankindia, ashokley, tatamotors, unionbank, hindalco and bhel stock futures were long build up seen today. Tomorrow, traders may like to go long above the stock futures.

Today short build up stock futures

Today few stock futures short build up seen. Infy, Techm, Powergrid and Ongc stock futures were short build up happens. This stock futures all are not like to bounce tomorrow.

India VIX today

India vix is 50% in last 10 days.  The identify of nifty volatile makes huge points today. India VIX today at 26.91 (7.85%), The India VIX measure to show highly volatile of Market in coming days. A trader can trade with strict stop loss.

Nifty put call ratio today

Currently nifty put call ratio at 1.52. The ratio indicates Market continue in bullish trend. And in the money call options, at the money call options and out of the money call options were short covered today. At the same time in the money, at the money and out of the money put options were short build up today. So all the indicators show the Market in Heavy Bullish Trend. So one can buy selected stocks in the market and respond to buy call tips providers.

The Market currently bounced about the election sentiment. FII’s and Top company’s CEO Like to Bjp government. All election poll says the leading party of Bjp Government and maximum Investors likes as the same sentiment. Anyway, currently all sentiments focus on the market will be bounced.

End of the day on 09/04/2014 bank nifty put call ratio at 1.00. This ratio indicates neutral or small bullish for bank nifty. If traders focus on pharma and banking stocks, it will give more returns in this expiry. In bearing sentiment stocks Idfc, Dlf. Dlf futures stop loss 182 and Idfc futures stop loss 132. If both futures cross the stop loss prices, Then, It will bounce more. Currently we are in short side, both stock futures.

Sbi 1900 call option sellers currently with pain, Till call option writers have 8 lakh qty with short positions. So, sbi expect to bounce above 2000 mark in this expiry. Then the writers come to cover their short positions. Traders may trade better with a long position in Sbi.

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