Tuesday, January 18, 2011

Market outlook for 19/01/11

Nifty closed up 69.30 points (1.23%) at 5724.05 while Nifty January Future closed at 5732.40 premium of 8.35 points
Bank Nifty closed up 147.40 points (1.41%) at 10618.50 while January Future closed at 10638.45 premium of 19.95 points.

  • FII bought in Cash (Net buy 72.54 Crore)
  • FII bought in index future, stock future and index option (Net buy 2108.34 Crore)
  • DII sold in Cash (Net sell 26.20 Crore)
  • US market is trading positive.
  • Global cues are flat to positive.
  • SGX nifty is flat as of now.
  • Most Active Nifty January Call Option: 5700 and 5800.
  • Most Active Nifty December Put Options: 5700 and 5600.
  • Advance Decline for the day was 744:628

NIFTY TECHNICAL
Current Spot: 5724.05
Pivot: 5709
5DEMA: 5730
10DEMA: 5801
20DEMA: 5875
50DEMA: 5948
RSI (15 days): 38.86
Parabolic SAR: 5996
Supports: 5687 - 5649
Resistance: 5746 - 5768
Nifty Future VWAP: 5706.80
Bank Nifty Future VWAP: 10615.53
MP Values Spot (Price Profile): VAH - 5710, POC - 5696, VAL - 5682
MP Values Futures: VAH - 5726, POC - 5708, VAL - 5690
MP Values Bank Nifty Futures: VAH - 10638, POC - 10598, VAL - 10558

TARGET NIFTY
Buy Nifty Future above 5737 - 5756 - 5782 - 5825 SL - 5713
Sell Nifty Future below 5707 - 5692 - 5649 - 5623 SL - 5718
Buy BankNifty Future above 10646 - 10709 - 10785 - 10877 SL - 10618
Sell BankNifty Future below 10608 - 10553 - 10462 - 10386 SL - 10629

INTRADAY TRADE
Reliance Industries: Buy above 1003 for targets of 1005, 1010, 1018 SL 995
Reliance Industries: Sell below 991 for targets of 989, 984, 976 SL 1000
Polaris: Buy above 179 for targets of 181, 185 SL 176
PrajInd: Buy above 84 for targets of 85, 86 SL 82.7

SCORE SHEET
Gitanjali: Buy above 198 for targets of 201, 205 SL 194: Target 217.40 achieved
Pbainfra: Buy above 71 for targets of 73, 75 SL 69: SL Hit

POSITIONAL TRADE
Optocircui: Buy above 252 for target of 279 SL 244 (One Week)
TVSMotor: Buy above 59 for target of 63 SL 57 (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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