Bank Nifty closed down 140.95 points (1.23%) at 11285.15 while Future closed at 11322.55, premium of 37.40 points.
- FII bought in Cash (Net buy 517.33 Crore)
- FII sold in index future, stock future but bought in stock option (Net sell 315.39 Crore)
- DII sold in Cash (Net sell 389.71 Crore)
- US futures are trading in RED.
- Global cues are flat.
- SGX nifty is flat as of now.
- Most Active Nifty Call Option: 5700 and 5800.
- Most Active Nifty Put Options: 5700 and 5600.
- Advance Decline for the day was 442:972.
Pivot: 5684
5DEMA: 5656
10DEMA: 5612
20DEMA: 5559
50DEMA: 5561
RSI (15 days): 59.11
Parabolic SAR: 5514
Supports: 5628 - 5595 - 5538
Resistance: 5717 - 5773 - 5806
VIX Range: 5600 - 5721
MP Values Futures: VAH - 5755, POC - 5722, VAL - 5689
TARGET NIFTY
Buy Nifty Future above 5702 - 5732 - 5794 - 5830 SL - 5690
Sell Nifty Future below 5664 - 5638 - 5602 - 5540 SL - 5701
BANKNIFTY TECHNICAL
Pivot: 11335
5DEMA: 11313
10DEMA: 11212
20DEMA: 11062
50DEMA: 11027
RSI (15 days): 59.74
Parabolic SAR: 11065
Supports: 11220 - 11154 - 11038
Resistance: 11401 - 11517 - 11582
VIX Range: 11152 - 11418
MP Values Bank Nifty Futures: VAH - 11444, POC - 11396, VAL - 11348
TARGET BANKNIFTY
Buy BankNifty Future above 11379 - 11436 - 11555 - 11625 SL - 11359
Sell BankNifty Future below 11306 - 11257 - 11187 - 11067 SL - 11377
INTRADAY TRADE
Reliance Industries: Buy above 865 for targets of 867, 872, 880 SL 858
Reliance Industries: Sell below 851 for targets of 849, 844, 836 SL 862
Jublfood: Buy above 857 for targets of 863, 878 SL 850
Marico: Buy above 166 for targets of 168, 171 SL 164.5
SCORE SHEET
Enil: Buy above 280 for targets of 283, 289 SL 276: Target 295.80 achieved
Marico: Buy above 162 for targets of 164, 167 SL 157.5: Target 169.00 achieved
POSITIONAL TRADE
HDIL: Buy above 173 for target of 188 SL 170 (One Week)
DCB: Buy above 63 for target of 69 SL 62 (2-3 Days)
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
