Wednesday, January 5, 2011

Market outlook for 06/01/11

Nifty closed down 66.55 points (1.08%) at 6079.80 while Nifty January Future closed at 6104.20 premium of 24.40 points
Bank Nifty closed down 258.60 points (2.24%) at 11305.45 while January Future closed at 11370.55 premium of 65.10 points.

  • FII sold in Cash (Net sell 240.30 Crore)
  • FII sold in index future, stock future but bought in index option (Net sell 468.68 Crore)
  • DII sold in Cash (Net sell 101.75 Crore)
  • US market is trading 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 345:1049

NIFTY TECHNICAL
Current Spot: 6079.80
Pivot: 6094
5DEMA: 6104
10DEMA: 6073
20DEMA: 6033
50DEMA: 6027
RSI (7 days): 55.34
Parabolic SAR: 5973
Supports: 6049 - 6018
Resistance: 6125 - 6170
Nifty Future VWAP: 6120.28
Bank Nifty Future VWAP: 11423.97
MP Values Spot (Price Profile): VAH - 6126, POC - 6104, VAL - 6082
MP Values Futures: VAH - 6130, POC - 6108, VAL - 6088
MP Values Bank Nifty Futures: VAH - 11530, POC - 11448, VAL - 11366

TARGET NIFTY
Buy Nifty Future above 6119 - 6138 - 6175 - 6203 SL - 6111
Sell Nifty Future below 6095 - 6080 - 6053 - 6016 SL - 6117
Buy BankNifty Future above 11441 - 11483 - 11533- 11599 SL - 11426
Sell BankNifty Future below 11353 - 11312 - 11270 - 11201 SL - 11438

INTRADAY TRADE
Reliance Industries: Buy above 1084 for targets of 1086, 1090, 1096 SL 1076
Reliance Industries: Sell below 1070 for targets of 1068, 1064, 1059 SL 1081
Mundraport: Buy above 159 for targets of 161, 164 SL 155
Navinfluor: Buy above 318 for targets of 322, 327 SL 310

SCORE SHEET
BataIndia: Buy above 406 for targets of 411, 418 SL 396: Target 415.90 achieved
Prajind: Buy above 87.5 for targets of 89, 92 SL 86: Target 88.50 achieved

POSITIONAL TRADE
Tril: Buy above 365 for target of 400 SL 354 (One Week)
Nelcast: Buy above 124 for target of 140 SL 118 (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...