Bank Nifty closed up 64.30 points (0.55%) at 11855.75 while January Future closed at 11897.45 premium of 41.70 points.
- FII bought in Cash (Net buy 340.97 Crore)
- FII bought in index option but sold in index future, stock future (Net buy 944.31 Crore)
- DII sold in Cash (Net sell 124.01 Crore)
- US market is trading positive.
- Global cues are flat.
- SGX nifty is flat as of now.
- Most Active Nifty January Call Option: 6200 and 6300.
- Most Active Nifty December Put Options: 6200 and 6100.
- Advance Decline for the day was 1060:336
NIFTY TECHNICAL
Pivot: 6161
5DEMA: 6102
10DEMA: 6055
20DEMA: 6015
50DEMA: 6021
RSI (7 days): 79.50
Parabolic SAR: 5893
Supports: 6144 - 6130
Resistance: 6175 - 6192
Bank Nifty Future VWAP: 11921.21
MP Values Spot (Price Profile): VAH - 6170, POC - 6162, VAL - 6154
MP Values Futures: VAH - 6206, POC - 6196, VAL - 6184
MP Values Bank Nifty Futures: VAH - 11934, POC - 11910, VAL - 11886
TARGET NIFTY
Buy Nifty Future above 6193 - 6199 - 6217 - 6231 SL - 6185
Sell Nifty Future below 6173 - 6168 - 6159 - 6140 SL - 6191
Buy BankNifty Future above 11919 - 11937 - 11983 - 12016 SL - 11904
Sell BankNifty Future below 11880 - 11870 - 11837 - 11791 SL - 11916
INTRADAY TRADE
Reliance Industries: Buy above 1064 for targets of 1066, 1069, 1075 SL 1056
Reliance Industries: Sell below 1050 for targets of 1048, 1045, 1039 SL 1061
Escorts: Buy above 185 for targets of 187, 191 SL 180
Ster: Buy above 193 for targets of 195, 197 SL 191
SCORE SHEET
Hirect: Buy above 76 for targets of 78, 81 SL 74: Target 78.80 achieved
Orchidchem: Buy above 305 for targets of 307, 311 SL 300: Target 314.2 achieved
POSITIONAL TRADE
Hexaware: Buy above 129 for target of 137 SL 124 (One Week)
JpPower: Buy above 56 for target of 59 SL 54.9 (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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