Thursday, January 19, 2012

Market outlook for 20/01/12

Nifty closed up 62.60 points (1.26%) at 5018.40 while Nifty Future closed at 5022.05, premium of 3.65 points.
Bank Nifty closed up 176.00 points (1.95%) at 9199.40 while Future closed at 9201.65, premium of 2.25 points.
  • FII bought huge in Cash (Net buy 626.14 Crore)
  • FII bought in index future, index option and stock future (Net buy 2187.26 Crore)
  • DII sold in Cash (Net sell 246.59 Crore)
  • US market is trading flat.
  • Global cues are flat.
  • SGX nifty is flat as of now.
  • Most Active Nifty Call Option: 5000 and 5100.
  • Most Active Nifty Put Options: 5000 and 4900.
  • Advance Decline for the day was 988:451.
NIFTY TECHNICAL
Current Spot: 5018.40
Pivot: 5011
5DEMA: 4946
10DEMA: 4890
20DEMA: 4840
50DEMA: 4863
RSI (14 days): 66.67
Parabolic SAR: 4747
Supports: 4999 - 4979 - 4966
Resistance: 5031 - 5044 - 5063
CAM Support: 5015 - 5012 - 5009 - 5001
CAM Resistance: 5021 - 5024 - 5027 - 5036
NF VIX Range: 4957 - 5087
Nifty Future VWAP: 5008.25
MP Values Nifty Future: VAH - 5011, POC - 5002, VAL - 4993

TARGET NIFTY
Buy Nifty Future above 5026 - 5035 - 5047 - 5070 SL - 5011
Sell Nifty Future below 5002 - 4994 - 4980 - 4965 SL - 5016

BANKNIFTY TECHNICAL
Current Spot: 9199.40
Pivot: 9173
5DEMA: 9037
10DEMA: 8885
20DEMA: 8718
50DEMA: 8775
RSI (14 days): 67.95
Parabolic SAR: 8761
Supports: 9133 - 9067 - 9027
Resistance: 9239 - 9279 - 9345
CAM Support: 9190 - 9180 - 9170 - 9144
CAM Resistance: 9209 - 9219 - 9229 - 9258
Bank Nifty VIX Range: 9035 - 9368
Bank Nifty Future VWAP: 9172.20
MP Values Bank Nifty Future: VAH - 9185, POC - 9159, VAL - 9133

TARGET BANKNIFTY
Buy BankNifty Future above 9209 - 9243 - 9285 - 9360 SL - 9168
Sell BankNifty Future below 9158 - 9131 - 9056 - 9010 SL - 9187

INTRADAY TRADE
Reliance Industries: Buy above 792 for targets of 795, 800, 806 SL 786
Reliance Industries: Sell below 782 for targets of 780, 776, 770 SL 790
Biocon: Buy above 277 for targets of 280, 286 SL 270
RelInfra: Buy above 490 for targets of 497, 510 SL 478

SCORE SHEET
Bomdyeing: Buy above 438 for targets of 444, 456 SL 429: Target 463.50 achieved
Hdfcbank: Buy above 484 for targets of 487, 494 SL 478: Target 490.25 achieved

POSITIONAL TRADE
Tatapower: Buy above 104.50 for target of 108 SL 102 (2-3 Days)
Gtl: Buy above 48 for target of 53 SL 46 (1 Week)

Thanks and Regards

S&P Wealth Creators
Posted by at 8:48:00 PM

2 comments:

  1. mynacJanuary 19, 2012 at 9:45 PM

    Dear Sanjay,
    Though, Nifty is going up by gap-up and then consolidating in a narrow range with bullish momentum,it's time to cool off at least in some amount.
    FNO Eod Bhav copy is not suggesting further strong up move from here onwards,is my understanding here.
    In spite of green close above 5000 Just 10lac O.I. deletion in NF, is disheartening for Bulls. Still 2 CR.NF O.I. after such a strong rally suggesting now, that, those who are shorting or have shorted Nifty @ upper level or much closer to current price are reluctant to cover their shorts due to precarious rally, which we witness today, as well as stretched Short term technical condition,is restricting Nifty for any further up-move from here.Probably firm trading below Last Hr.pivot @ 5018, would be first hint. First two Hrs of tomorrow’s trading shall be very interesting. Let us see.

    ReplyDelete
    Replies
    1. SanjayJanuary 20, 2012 at 7:09 AM

      Dear Mynac Sir,

      Thanks for your kind observation.

      Delete

Please leave your comments here...

Subscribe to: Post Comments (Atom)