Tuesday, January 31, 2012

Market outlook for 01/02/12

Nifty closed up 117.40 points (2.20%) at 5199.25 while Nifty Future closed at 5223.35, premium of 24.10 points.
Bank Nifty closed up 382.35 points (4.01%) at 9919.45 while Future closed at 9952.45, premium of 33.00 points.
  • FII bought in Cash (Net buy 624.10 Crore)
  • FII bought in index future, index option but sold in stock future (Net buy 777.26 Crore)
  • DII sold in Cash (Net sell 241.26 Crore)
  • US market is trading flat to positive.
  • Global cues are flat to positive.
  • SGX nifty is flat as of now.
  • Most Active Nifty Call Option: 5200 and 5300.
  • Most Active Nifty Put Options: 5100 and 5000.
  • Advance Decline for the day was 1005:394.
NIFTY TECHNICAL
Current Spot: 5199.25
Pivot: 5178
5DEMA: 5140
10DEMA: 5079
20DEMA: 4988
50DEMA: 4942
RSI (14 days): 67.89
Parabolic SAR: 5077
Supports: 5141 - 5083 - 5046
Resistance: 5236 - 5274 - 5332
CAM Support: 5191 - 5182 - 5173 - 5147
CAM Resistance: 5208 - 5217 - 5225 - 5252
NF VIX Range: 5154 - 5293
Nifty Future VWAP: 5181.51
MP Values Nifty Future: VAH - 5190, POC - 5167, VAL - 5144

TARGET NIFTY
Buy Nifty Future above 5227 - 5259 - 5295 - 5350 SL - 5193
Sell Nifty Future below 5188 - 5160 - 5105 - 5060 SL - 5208

BANKNIFTY TECHNICAL
Current Spot: 9919.45
Pivot: 9831
5DEMA: 9726
10DEMA: 9534
20DEMA: 9228
50DEMA: 9020
RSI (14 days): 71.02
Parabolic SAR: 9509
Supports: 9715 - 9510 - 9394
Resistance: 10035 - 10151 - 10356
CAM Support: 9890 - 9861 - 9831 - 9743
CAM Resistance: 9949 - 9978 - 10008 - 10096
Bank Nifty VIX Range: 9744 - 10161
Bank Nifty Future VWAP: 9808.35
MP Values Bank Nifty Future: VAH - 9837, POC - 9749, VAL - 9661

TARGET BANKNIFTY
Buy BankNifty Future above 9960 - 10075 - 10200 - 10390 SL - 9845
Sell BankNifty Future below 9835 - 9726 - 9500 - 9370 SL - 9891

INTRADAY TRADE
Reliance Industries: Buy above 819 for targets of 823, 829, 841 SL 811
Reliance Industries: Sell below 809 for targets of 805, 800, 789 SL 815
CenturyTex: Buy above 282 for targets of 286, 293 SL 274
StcIndia: Buy above 270 for targets of 273, 280 SL 261

SCORE SHEET
Hindcopper: Buy above 301 for targets of 305, 315 SL 294: Target 313.50 achieved
Jswsteel: Buy above 685 for targets of 693, 710 SL 673: Target 704.00 achieved

POSITIONAL TRADE
TataMotors: Buy above 244 for target of 251 SL 241 (2-3 Days)
NitinFire: Buy above 41.5 for target of 45.5 SL 39 (1 Week)

Thanks and Regards

S&P Wealth Creators

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