Bank Nifty closed down 291.70 points (2.46%) at 11564.05 while January Future closed at 11612.90 premium of 48.85 points.
- FII bought in Cash (Net buy 717.76 Crore)
- FII sold in stock future but bought in index future, index option (Net sell 246.99 Crore)
- DII sold in Cash (Net sell 491.57 Crore)
- US market is trading flat.
- 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 633:757
NIFTY TECHNICAL
Pivot: 6151
5DEMA: 6117
10DEMA: 6072
20DEMA: 6028
50DEMA: 6026
RSI (7 days): 75.33
Parabolic SAR: 5933
Supports: 6120 - 6094
Resistance: 6177 - 6207
Bank Nifty Future VWAP: 11712.74
MP Values Spot (Price Profile): VAH - 6160, POC - 6148, VAL - 6136
MP Values Futures: VAH - 6186, POC - 6170, VAL - 6154
MP Values Bank Nifty Futures: VAH - 11824, POC - 11736, VAL - 11648
TARGET NIFTY
Buy Nifty Future above 6177 - 6195 - 6232 - 6258 SL - 6169
Sell Nifty Future below 6151 - 6138 - 6112 - 6074 SL - 6175
Buy BankNifty Future above 11728 - 11768 - 11832- 11890 SL - 11904
Sell BankNifty Future below 11680 - 11632 - 11570 - 11494 SL - 11725
INTRADAY TRADE
Reliance Industries: Buy above 1080 for targets of 1083, 1088, 1095 SL 1069
Reliance Industries: Sell below 1066 for targets of 1064, 1059, 1052 SL 1074
BataIndia: Buy above 406 for targets of 411, 418 SL 396
Prajind: Buy above 87.5 for targets of 89, 92 SL 86
SCORE SHEET
Escorts: Buy above 185 for targets of 187, 191 SL 180: Target 186.2 achieved
Ster: Buy above 193 for targets of 195, 197 SL 191: Target 195.95 achieved
POSITIONAL TRADE
KLGSystel: Buy above 97 for target of 106 SL 91 (One Week)
Geometric: Buy above 84 for target of 91 SL 82 (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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