Sunday, October 24, 2010

Market outlook for 25/10/10

Nifty closed down 35.45 points (0.58%) at 6066.05 whilst Nifty October Future closed at 6089.75 premium of 23.70 points.
Bank Nifty closed down 51.00 points (0.41%) at 12384.80 whilst October Future closed at 12424.30 premium of 39.50 points.
  • FII bought in Cash (Net buy 584.01 Crore)
  • FII bought in index future, index option but sold in stock future (Net buy 519.53 Crore)
  • DII bought in Cash (Net buy 327.06 Crore after so many days still the market tanked)
  • US market ended flat.
  • Global cues are flat.
  • SGX nifty is flat to positive as of now.
  • Most Active Nifty October Call Option: 6100 and 6200.
  • Most Active Nifty October Put Options: 6100 and 6000.
  • Advance Decline for the day was 615:749
NIFTY TECHNICAL
Current Spot: 6066.05
Pivot: 6076
5DEMA: 6067
10DEMA: 6077
20DEMA: 6048
50DEMA: 5882
RSI (7 days): 48.79
Parabolic SAR: 6221
Supports: 6031 - 5996
Resistance: 6111 - 6156
Nifty Future VWAP: 6104.45
Bank Nifty Future VWAP: 12443.04
MP Values Spot: VAH - 6130, POC - 6098, VAL - 6066
MP Values Futures: VAH - 6122, POC - 6087, VAL - 6074
MP Values Bank Nifty Futures: VAH - 12472, POC - 12390, VAL - 12370

TARGET NIFTY
Buy Nifty Future above 6104 - 6138 - 6188 - 6230 SL - 6096
Sell Nifty Future below 6081 - 6051 - 6010 - 5959 SL - 6102

INTRADAY TRADE
Reliance Industries: Buy above 1089 for targets of 1091, 1097, 1106 SL 1081
Reliance Industries: Sell below 1076 for targets of 1074, 1069, 1060 SL 1076
Raymond: Buy above 405 for targets of 410,418 SL 397
Indiabulls: Buy above 213 for targets of 216, 222 SL 206
Kohinoor: Buy above 70 for targets of 72, 75 SL 68.5

SCORE SHEET
BhartiArtl: Buy above 338 for targets of 340,343 SL 334.5: Target 341.80 achieved
Uniphos: Buy above 206 for targets of 209, 214 SL 200: Target 212.30 achieved

POSITIONAL TRADE
Voltamp: Buy above 902 for target of 1012 SL 888 (One Month)
Adhunik: Buy above 107 for target of 122 SL 103 (One Month)

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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