Bank Nifty closed up 121.55 points (1.09%) at 11263.80 while Future closed at 11276.50, premium of 12.70 points.
- FII bought in Cash (Net buy 211.46 Crore)
- FII bought in index option, stock future but sold in index future (Net buy 76.81 Crore)
- DII bought in Cash (Net sell 517.82 Crore)
- US futures are trading flat.
- Global cues are flat.
- SGX nifty is in flat as of now.
- Most Active Nifty Call Option: 5600 and 5700.
- Most Active Nifty Put Options: 5600 and 5500.
- Advance Decline for the day was 851:577.
Pivot: 5598
5DEMA: 5598
10DEMA: 5596
20DEMA: 5566
50DEMA: 5562
RSI (15 days): 53.35
Parabolic SAR: 5731
Supports: 5543 - 5486 - 5431
Resistance: 5655 - 5711 - 5768
NF VIX Range: 5539 - 5662
MP Values Futures: VAH - 5666, POC - 5643, VAL - 5593
TARGET NIFTY
Buy Nifty Future above 5609 - 5660 - 5723 - 5781 SL - 5599
Sell Nifty Future below 5592 - 5545 - 5486 - 5424 SL - 5607
BANKNIFTY TECHNICAL
Pivot: 11241
5DEMA: 11198
10DEMA: 11180
20DEMA: 11090
50DEMA: 11049
RSI (15 days): 57.14
Parabolic SAR: 11431
Supports:11096 - 10928 - 10783
Resistance: 11409 - 11553 - 11721
VIX Range: 11144 - 11409
MP Values Bank Nifty Futures: VAH - 11339, POC - 11242, VAL - 11145
TARGET BANKNIFTY
Buy BankNifty Future above 11285 - 11414 - 11557 - 11715 SL - 11256
Sell BankNifty Future below 11245 - 11124 - 10966 - 10823 SL - 11269
INTRADAY TRADE
Reliance Industries: Buy above 873 for targets of 875, 880, 888 SL 866
Reliance Industries: Sell below 863 for targets of 861, 856, 848 SL 870
Repro: Buy above 164 for targets of 167, 174 SL 157
PFC: Buy above 215 for targets of 218, 225 SL 207
SCORE SHEET
Kotakbank: Buy above 493 for targets of 497, 504 SL 485: Target 501.4 achieved
Gitanjali: Buy above 313 for targets of 317, 325 SL 308: SL Hit
POSITIONAL TRADE
Avtnpl: Buy above 316 for target of 332 SL 304 (2-3 Days)
Prakash: Buy above 72 for target of 80 SL 70 (1 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
