Monday, February 6, 2012

Market outlook for 07/02/12

Nifty closed up 35.80 points (0.67%) at 5361.65 while Nifty Future closed at 5366.85, premium of 5.20 points.
Bank Nifty closed up 135.60 points (1.34%) at 10269.25 while Future closed at 10239.90, discount of 29.35 points.
  • FII bought in Cash (Net buy 997.94 Crore)
  • FII bought in index future, index option but sold in stock future (Net buy 469.30 Crore)
  • DII sold in Cash (Net sell 183.12 Crore)
  • US market is trading flat to negative.
  • Global cues are flat to negative.
  • SGX nifty is flat as of now.
  • Most Active Nifty Call Option: 5400 and 5500.
  • Most Active Nifty Put Options: 5300 and 5200.
  • Advance Decline for the day was 974:490.
NIFTY TECHNICAL
Current Spot: 5361.65
Pivot: 5360
5DEMA: 5284
10DEMA: 5206
20DEMA: 5092
50DEMA: 4993
RSI (14 days): 74.32
Parabolic SAR: 5224
Supports: 5329 - 5297 - 5266
Resistance: 5392 - 5422 - 5455
CAM Support: 5356 - 5350 - 5344 - 5327
CAM Resistance: 5367 - 5373 - 5379 - 5396
NF VIX Range: 5301 - 5433
Nifty Future VWAP: 5368.97
MP Values Nifty Future: VAH - 5381, POC - 5366, VAL - 5351

TARGET NIFTY
Buy Nifty Future above 5371 - 5396 - 5429 - 5460 SL - 5359
Sell Nifty Future below 5358 - 5336 - 5305 - 5275 SL - 5369

BANKNIFTY TECHNICAL
Current Spot: 10269.25
Pivot: 10261
5DEMA: 10059
10DEMA: 9854
20DEMA: 9516
50DEMA: 9170
RSI (14 days): 75.80
Parabolic SAR: 9887
Supports: 10191 - 10114 - 10044
Resistance: 10339 - 10409 - 10487
CAM Support: 10256 - 10242 - 10229 - 10188
CAM Resistance: 10283 - 10296 - 10310 - 10351
Bank Nifty VIX Range: 10044 - 10436
Bank Nifty Future VWAP: 10250.75
MP Values Bank Nifty Future: VAH - 10292, POC - 10245, VAL - 10198

TARGET BANKNIFTY
Buy BankNifty Future above 10251 - 10330 - 10425 - 10515 SL - 10226
Sell BankNifty Future below 10225 - 10155 - 10060 - 9965 SL - 10249

INTRADAY TRADE
Reliance Industries: Buy above 840 for targets of 844, 850, 862 SL 833
Reliance Industries: Sell below 829 for targets of 825, 819, 807 SL 838
Ambujacem: Buy above 181 for targets of 183, 186 SL 178.5
JetAirways: Buy above 300 for targets of 304, 312 SL 294

SCORE SHEET
ErosMedia: Buy above 219 for targets of 223, 228 SL 212: Made a high of 220.95 and SL Hit
Orchidchem: Buy above 193 for targets of 197, 204 SL 187: Target 197.20 achieved

POSITIONAL TRADE
Jindalswhl: Buy above 735 for target of 800 SL 709 (2-3 Days)
Mrpl: Buy above 66 for target of 72 SL 64.50 (1 Week)

Thanks and Regards

S&P Wealth Creators

2 comments:

  1. Quoting a statement from your today's OI EOD post "(FII’s bought huge 5.78 lacs of Futures and their average price per contract comes to around 5334)"

    How did u get this 5334 ?

    Sorry for posting twice....posted earlier in yesterdays post, was not sure if you would reply there

    ReplyDelete
  2. @Niftytrader

    Based on FII's OI and the OI Amount this is calculated. A miniscule amount of BN and other Indices are ignored.

    ReplyDelete

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