Bank Nifty closed down 133.45 points (1.19%) at 11053.35 while January Future closed at 11081.35 premium of 28.00 points.
- FII sold in Cash (Net sell 1040.74 Crore)
- FII sold in index future, stock future but bought in index option (Net sell 18.63 Crore)
- DII bought in Cash (Net buy 1115.83 Crore)
- US market ended marginally negative.
- Global cues are flat to negative.
- SGX nifty is negative as of now.
- Most Active Nifty January Call Option: 6100 and 6200.
- Most Active Nifty December Put Options: 6000 and 5900.
- Advance Decline for the day was 122:1287
NIFTY TECHNICAL
Pivot: 5946
5DEMA: 6025
10DEMA: 6025
20DEMA: 6022
50DEMA: 6021
RSI (7 days): 28.72
Parabolic SAR: 6181
Supports: 5842 - 5779
Resistance: 6009 - 6114
Bank Nifty Future VWAP: 11177.35
MP Values Spot (Price Profile): VAH - 6038, POC - 5992, VAL - 5946
MP Values Futures: VAH - 6012, POC - 5956, VAL - 5900
MP Values Bank Nifty Futures: VAH - 11246, POC - 11184, VAL - 11122
TARGET NIFTY
Buy Nifty Future above 5964 - 6024 - 6137 - 6205 SL - 5956
Sell Nifty Future below 5905 - 5849 - 5781 - 5669 SL - 5962
Buy BankNifty Future above 11157 - 11251 - 11427- 11535 SL - 11143
Sell BankNifty Future below 11065 - 10978 - 10870 - 10694 SL - 11154
INTRADAY TRADE
Reliance Industries: Buy above 1076 for targets of 1080, 1088, 1097 SL 1068
Reliance Industries: Sell below 1060 for targets of 1056, 1050, 1042 SL 1073
Apollo Hospitals: Buy above 461 for targets of 467, 474 SL 454
IOC: Buy above 344 for targets of 348, 353 SL 338
SCORE SHEET
Ktkbank: Buy above 165 for targets of 167, 170 SL 162: Call not activated
Kpit: Buy above 150.5 for targets of 152, 154 SL 148.5: Target 153.70 achieved
POSITIONAL TRADE
UnitedBnk: Buy above 92 for target of 98 SL 89 (One Week)
ICICIBank: Buy above 1044 for target of 1095 SL 1035 (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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