Bank Nifty closed up 162.15 points (1.39%) at 11791.45 while January Future closed at 11839.00 premium of 47.55 points.
- FII bought in Cash (Net buy 531.33 Crore)
- FII bought in index option but sold in index future, stock future (Net buy 2384.71 Crore)
- DII sold in Cash (Net sell 121.77 Crore)
- US market ended flat.
- Global cues are flat.
- SGX nifty is flat as of now.
- Most Active Nifty January Call Option: 6100 and 6200.
- Most Active Nifty December Put Options: 6100 and 6000.
- Advance Decline for the day was 1021:364
Pivot: 6128
5DEMA: 6074
10DEMA: 6032
20DEMA: 6000
50DEMA: 6014
RSI (7 days): 77.29
Parabolic SAR: 5854
Supports: 6110 - 6085
Resistance: 6153 - 6172
Bank Nifty Future VWAP: 11810.12
MP Values Spot (Price Profile): VAH - 6138, POC - 6130, VAL - 6122
MP Values Futures: VAH - 6172, POC - 6162, VAL - 6152
MP Values Bank Nifty Futures: VAH - 11876, POC - 11824, VAL - 11764
TARGET NIFTY
Buy Nifty Future above 6167 - 6183 - 6206 - 6234 SL - 6155
Sell Nifty Future below 6149 - 6138 - 6111 - 6087 SL - 6162
Buy BankNifty Future above 11848 - 11911 - 11989 - 12108 SL - 11793
Sell BankNifty Future below 11781 - 11726 - 11608 - 11530 SL - 11804
INTRADAY TRADE
Reliance Industries: Buy above 1065 for targets of 1067, 1070, 1076 SL 1057
Reliance Industries: Sell below 1054 for targets of 1052, 1049, 1042 SL 1062
Hirect: Buy above 76 for targets of 78, 81 SL 74
Orchidchem: Buy above 305 for targets of 307, 311 SL 300
SCORE SHEET
Hindoilexp: Buy above 238 for targets of 241, 245 SL 232: Target 244.90 achieved
RajeshExpo: Buy above 137 for targets of 139, 144 SL 132: SL triggered
POSITIONAL TRADE
Voltas: Buy above 218 for target of 239 SL 214 (Two Weeks)
Crompgreav: Buy above 310 for target of 329 SL 303 (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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