Tuesday, October 5, 2010

Market outlook for 06/10/10

Nifty closed down 13.65 points (0.22%) at 6145.80 whilst Nifty October Future closed at 6182.85 premium of 37.05 points.
Bank Nifty closed down 54.80 points (0.43%) at 12596.50 whilst October Future closed at 12655.55 premium of 59.05 points.
  • FII bought in Cash (Net buy 671.12 Crore)
  • FII sold in index future and stock future, bought in index option (Net sell 1704.32 Crore)
  • DII sold in Cash (Net sell 802.95 Crore)
  • US market is trading in GREEN.
  • Global cues are positive.
  • SGX nifty is positive as of now.
  • Most Active Nifty October Call Option: 6200 and 6300.
  • Most Active Nifty October Put Options: 6100 and 6000.
  • Advance Decline for the day was 758:589
NIFTY TECHNICAL
Current Spot: 6145.80
Pivot: 6157
5DEMA: 6108
10DEMA: 6048
20DEMA: 5932
50DEMA: 5714
RSI (7 days): 78.58
Parabolic SAR: 5979
Supports: 6125 - 6104
Resistance: 6177 - 6209
Nifty Future VWAP: 6196.60
Bank Nifty Future VWAP: 12692.16
MP Values Spot: VAH - 6178, POC - 6164, VAL - 6151
MP Values Futures: VAH - 6203 POC - 6185, VAL - 6180
MP Values Bank Nifty Futures: VAH - 12710, POC - 12680, VAL - 12660

TARGET NIFTY
Buy Nifty Future above 6197 - 6212 - 6245 - 6268 SL - 6189
Sell Nifty Future below 6174 - 6163 - 6139 - 6107 SL - 6195

INTRADAY TRADE
Reliance Industries: Buy above 1026 for targets of 1032, 1042, 1054 SL 1019
Reliance Industries: Sell below 1016 for targets of 1012, 1004, 993 SL 1024
Hanung: Buy above 366 for targets of 371, 376 SL 362
KGL: Buy above 29.5 for targets of 30.5, 32 SL 28

SCORE SHEET
Tulip: Buy above 191 for targets of 194, 197 SL 186: Call not activated
Eveready: Buy above 71 for targets of 72, 74 SL 70: Target 71.75 achieved

POSITIONAL TRADE
AdaniPower: Buy above 138 for target of 145 SL 133 (One Week)
JSWEnergy: Buy above 126 for target of 136 SL 120 (One Week)

Use strict STOP LOSS in each and every trade in this kind of volatile market and Trade at your own risk.

Thanks and Regards

S&P Wealth Creators

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