Bank Nifty closed up 38.20 points (0.37%) at 10471.10 while January Future closed at 10483.25 premium of 12.15 points.
- FII sold in Cash (Net sell 173.00 Crore)
- FII bought in index future, stock future but sold in index option (Net buy 491.69 Crore)
- DII bought in Cash (Net buy 359.82 Crore)
- US market is trading negative.
- Global cues are flat to negative.
- SGX nifty is flat as of now.
- Most Active Nifty January Call Option: 5700 and 5800.
- Most Active Nifty December Put Options: 5600 and 5500.
- Advance Decline for the day was 311:1082
NIFTY TECHNICAL
Pivot: 5658
5DEMA: 5734
10DEMA: 5818
20DEMA: 5891
50DEMA: 5957
RSI (15 days): 33.59
Parabolic SAR: 6037
Supports: 5621 - 5586
Resistance: 5693 - 5730
Bank Nifty Future VWAP: 10497.73
MP Values Spot (Price Profile): VAH - 5680, POC - 5664, VAL - 5648
MP Values Futures: VAH - 5682, POC - 5664, VAL - 5646
MP Values Bank Nifty Futures: VAH - 10546, POC - 10492, VAL - 10438
TARGET NIFTY
Buy Nifty Future above 5668 - 5695 - 5737 - 5771 SL - 5655
Sell Nifty Future below 5649 - 5625 - 5590 - 5549 SL - 5667
Buy BankNifty Future above 10496 - 10588 - 10697 - 10802 SL - 10481
Sell BankNifty Future below 10468 - 10384 - 10280 - 10170 SL - 10494
INTRADAY TRADE
Reliance Industries: Buy above 1004 for targets of 1006, 1012, 1019 SL 997
Reliance Industries: Sell below 994 for targets of 992, 987, 979 SL 1002
Gitanjali: Buy above 198 for targets of 201, 205 SL 194
Pbainfra: Buy above 71 for targets of 73, 75 SL 69
SCORE SHEET
Jisljaleqs: Buy above 228 for targets of 230, 234 SL 226: Call not activated
Wipro: Buy above 465 for targets of 468, 474 SL 460: Target 473.00 achieved
POSITIONAL TRADE
BankIndia: Buy above 439 for target of 460 SL 428 (One Week)
Nelcast: Buy above 118 for target of 126 SL 116 (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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