Thursday, August 25, 2011

Market outlook for 26/08/11

Nifty closed down 49.30 points (1.01%) at 4839.60 while Nifty Future closed at 4864.10, premium of 24.50 points.
Bank Nifty closed down 154.60 points (1.66%) at 9177.25 while Future closed at 9204.30, premium of 27.05 points.
  • FII sold in Cash (Net sell 1440.55 Crore)
  • FII bought in index option and stock future but sold in index future (Net buy 1296.65 Crore)
  • DII bought in Cash (Net buy 385.01 Crore)
  • US futures are trading positive.
  • Global cues are flat to positive.
  • SGX nifty is positive as of now.
  • Most Active Nifty Call Option: 5000 and 5100.
  • Most Active Nifty Put Options: 4800 and 4700.
  • Advance Decline for the day was 482:944.
NIFTY TECHNICAL
Current Spot: 4839.60
Pivot: 4860
5DEMA: 4899
10DEMA: 4972
20DEMA: 5108
50DEMA: 5288
RSI (15 days): 28.40
Parabolic SAR: 4962
Supports: 4804 - 4769 - 4714
Resistance: 4895 - 4951 - 4986
NF VIX Range: 4801 - 4927
Nifty Future VWAP: 4877.41
MP Values Nifty Future: VAH - 4900, POC - 4884, VAL - 4868

TARGET NIFTY
Buy Nifty Future above 4881 - 4904 - 4945 - 4974 SL - 4869
Sell Nifty Future below 4857 - 4838 - 4809 - 4767 SL - 4879

BANKNIFTY TECHNICAL
Current Spot: 9177.25
Pivot: 9238
5DEMA: 9398
10DEMA: 9647
20DEMA: 10018
50DEMA: 10434
RSI (15 days): 22.55
Parabolic SAR: 9562
Supports: 9074 - 8972 - 8808
Resistance: 9341 - 9504 - 9607
Bank Nifty VIX Range: 9063 - 9346
Bank Nifty Future VWAP: 9251.28
MP Values Bank Nifty Future: VAH - 9299, POC - 9249, VAL - 9199

TARGET BANKNIFTY
Buy BankNifty Future above 9263 - 9342 - 9484 - 9575 SL - 9241
Sell BankNifty Future below 9190 - 9118 - 9028 - 8885 SL - 9260

INTRADAY TRADE
Reliance Industries: Buy above 761 for targets of 763, 767, 773 SL 756
Reliance Industries: Sell below 750 for targets of 748, 744, 738 SL 759
Erosmedia: Buy above 203 for targets of 206, 214 SL 199
Lupin: Buy above 466 for targets of 470, 477 SL 460

SCORE SHEET
Mphasis: Buy above 399 for targets of 405, 414 SL 392: Call not activated
BataIndia: Buy above 726 for targets of 733, 745 SL 718: Target 741.00 achieved

POSITIONAL TRADE
Rushil: Buy above 127 for target of 135 SL 122 (2-3 Days)
Ambujacem: Buy above 137 for target of 147 SL 134 (1 Week)

This Blog is meant for sharing my trading ideas only and no calls to be taken as trading recommendation. Visitors please do your own research or consult your advisers for safe trading.

Thanks and Regards

S&P Wealth Creators