Thursday, February 10, 2011

Market outlook for 11/02/11

Nifty closed down 27.75 points (0.53%) at 5225.80 while Nifty February Future closed at 5230.15 premium of 4.35 points
Bank Nifty closed down 42.55 points (0.42%) at 10074.10 while February Future closed at 10094.75 premium of 20.65 points.

  • FII sold in Cash (Net sell 954.87 Crore)
  • FII sold in index future, index option and stock future (Net sell 2259.43 Crore)
  • DII bought in Cash (Net buy 637.30 Crore)
  • US market is trading negative.
  • Global cues are flat to negative.
  • SGX nifty is flat as of now.
  • Most Active Nifty Feb Call Option: 5300 and 5400.
  • Most Active Nifty Feb Put Options: 5300 and 5200.
  • Advance Decline for the day was 500:896

NIFTY TECHNICAL
Current Spot: 5225.80
Pivot: 5232
5DEMA: 5310
10DEMA: 5396
20DEMA: 5525
50DEMA: 5739
RSI (15 days): 25.42
Parabolic SAR: 5399
Supports: 5191 - 5156
Resistance: 5267 - 5308
Nifty Future VWAP: 5244.32
MP Values Futures: VAH - 5270, POC - 5250, VAL - 5230

TARGET NIFTY
Buy Nifty Future above 5246 - 5271 - 5314 - 5346 SL - 5239
Sell Nifty Future below 5222 – 5201 - 5170 - 5126 SL - 5244

BANKNIFTY TECHNICAL
Current Spot: 10074.10
Pivot: 10107
5DEMA: 10219
10DEMA: 10368
20DEMA: 10580
50DEMA: 11096
RSI (15 days): 33.35
Parabolic SAR: 10911
Supports: 9985 - 9897
Resistance: 10195 - 10316
Bank Nifty Future VWAP: 10135.96
MP Values Bank Nifty Futures: VAH - 10190, POC - 10124, VAL - 10058

TARGET BANKNIFTY
Buy BankNifty Future above 10140 - 10230 - 10371 - 10474 SL - 10119
Sell BankNifty Future below 10080 - 9997 - 9894 - 9753 SL - 10138

INTRADAY TRADE
Reliance Industries: Buy above 906 for targets of 910, 916, 924 SL 900
Reliance Industries: Sell below 897 for targets of 892, 885, 868 SL 904
OnMobile: Buy above 218 for targets of 222, 230 SL 207
Aban: Buy above 555 for targets of 561, 569 SL 545

SCORE SHEET
HDFC: Buy above 611 for targets of 616, 625 SL 601: Target 618.40 achieved
Kiridyes: Buy above 341 for targets of 345, 351 SL 336: Target 349.90 achieved

POSITIONAL TRADE
JPAssociat: Buy above 76 for target of 80 SL 74.9 (One Week)
Deltacorp: Buy above 65 for target of 71 SL 63.5 (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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