Tuesday, October 26, 2010

Market outlook for 27/10/10

Nifty closed down 23.80 points (0.39%) at 6082.00 whilst Nifty October Future closed at 6108.25 premium of 26.25 points.
Bank Nifty closed down 92.05 points (0.74%) at 12332.65 whilst October Future closed at 12397.75 premium of 65.10 points.
  • FII bought in Cash (Net buy 481.44 Crore)
  • FII sold in index future, stock future but bought in index option (Net sell 663.48 Crore)
  • DII sold in Cash (Net sell 708.18 Crore)
  • US market is trading flat.
  • Global cues are flat.
  • SGX nifty is negative 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 547:804
NIFTY TECHNICAL
Current Spot: 6082.00
Pivot: 6092
5DEMA: 6080
10DEMA: 6082
20DEMA: 6056
50DEMA: 5896
RSI (7 days): 50.41
Parabolic SAR: 6191
Supports: 6064 - 6047
Resistance: 6110 - 6138
Nifty Future VWAP: 6116.10
Bank Nifty Future VWAP: 12422.92
MP Values Spot: VAH - 6110, POC - 6097, VAL - 6085
MP Values Futures: VAH - 6129, POC - 6123, VAL - 6114
MP Values Bank Nifty Futures: VAH - 12430, POC - 12402, VAL - 12396

TARGET NIFTY
Buy Nifty Future above 6119 - 6132 - 6158 - 6179 SL - 6111
Sell Nifty Future below 6099 - 6091 - 6070 - 6044 SL - 6117

INTRADAY TRADE
Reliance Industries: Buy above 1102 for targets of 1104, 1107, 1114 SL 1093
Reliance Industries: Sell below 1090 for targets of 1088, 1085, 1079 SL 1098
Denabank: Buy above 139 for targets of 142, 146 SL 134
Godrejind: Buy above 230 for targets of 233, 237 SL 225.5

SCORE SHEET
Gitanjali: Buy above 290 for targets of 294,301 SL 281: Target 302.20 achieved
Centralbk: Buy above 240 for targets of 244, 249 SL 236: Target 249.20 achieved

POSITIONAL TRADE
Tvsmotor: Buy above 75.3 for target of 79 SL 73.6 (One Week)
Fortis: Buy above 167.5 for target of 182 SL 162 (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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