Tuesday, December 28, 2010

Market outlook for 29/12/10

Nifty closed down 2.10 points (0.04%) at 5996.00 while Nifty December Future closed at 6014.15 premium of 18.15 points
Bank Nifty closed down 43.65 points (0.38%) at 11427.30 while December Future closed at 11465.95 premium of 38.65 points.
  • FII bought in Cash (Net buy 109.03 Crore).
  • FII bought in index option but sold in index future, stock future (Net buy 180.62 Crore)
  • DII sold in Cash (Net sell 265.36 Crore).
  • US market is trading flat to negative.
  • Global cues are flat to negative.
  • SGX nifty is flat as of now.
  • Most Active Nifty December Call Option: 6000 and 6100.
  • Most Active Nifty December Put Options: 6000 and 5900.
  • Advance Decline for the day was 671:696
NIFTY TECHNICAL
Current Spot: 5996.00
Pivot: 5596
5DEMA: 5991
10DEMA: 5974
20DEMA: 5965
50DEMA: 5993
RSI (7 days): 57.81
Parabolic SAR: 5779
Supports: 5982 - 5968
Resistance: 6011 - 6025
Nifty Future VWAP: 6012.86
Bank Nifty Future VWAP: 11470.70
MP Values Spot (Price Profile): VAH - 6002, POC - 5996, VAL - 5990
MP Values Futures: VAH - 6018, POC - 6012, VAL - 6006
MP Values Bank Nifty Futures: VAH - 11488, POC - 11472, VAL - 11456

TARGET NIFTY
Buy Nifty Future above 6019 - 6026 - 6041 - 6056 SL - 6010
Sell Nifty Future below 6004 - 5999 - 5985 - 5971 SL - 6016
Buy BankNifty Future above 11477 - 11502 - 11543 - 11582 SL - 11463
Sell BankNifty Future below 11449 - 11433 - 11394 - 11353 SL - 11474

INTRADAY TRADE
Reliance Industries: Buy above 1055 for targets of 1057, 1064, 1071 SL 1047
Reliance Industries: Sell below 1044 for targets of 1042, 1036, 1028 SL 1053
TataElxsi: Buy above 308 for targets of 311, 316 SL 302
DCM: Buy above 93 for targets of 95, 97 SL 92

SCORE SHEET
Bomdyeing: Buy above 510 for targets of 516, 524 SL 504: Target 525.95 achieved
Jindalphot: Buy above 255 for targets of 259, 265 SL 247: Target 260.80 achieved

POSITIONAL TRADE
Hindoilexp: Buy above 225 for target of 241 SL 216 (One Week)
Bartronics: Buy above 92 for target of 101 SL 86 (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

0 comments:

Post a Comment

Please leave your comments here...