Wednesday, February 15, 2012

Market outlook for 16/02/12

Nifty closed up 115.90 points (2.14%) at 5531.95 while Nifty Future closed at 5552.55, premium of 20.60 points.
Bank Nifty closed up 374.05 points (3.54%) at 10930.70 while Future closed at 10971.25, premium of 40.55 points.
  • FII bought huge in Cash (Net buy 1838.85 Crore)
  • FII bought in index future, index option but sold in stock future (Net buy 1650.72 Crore)
  • DII sold in Cash (Net sell 313.47 Crore)
  • Most Active Nifty Call Option: 5500 and 5600.
  • Most Active Nifty Put Options: 5500 and 5400.
  • Advance Decline for the day was 1044:407.
NIFTY TECHNICAL
Current Spot: 5531.95
Pivot: 5512
5DEMA: 5435
10DEMA: 5371
20DEMA: 5254
50DEMA: 5079
RSI (14 days): 77.73
Parabolic SAR: 5378
Supports: 5481 - 5430 - 5400
Resistance: 5563 - 5593 - 5644
CAM Support: 5524 - 5517 - 5510 - 5487
CAM Resistance: 5539 - 5547 - 5554 - 5577
NF VIX Range: 5488 - 5617
Nifty Future VWAP: 5527.26
MP Values Nifty Future: VAH - 5549, POC - 5526, VAL - 5503

TARGET NIFTY
Buy Nifty Future above 5557 - 5584 - 5615 - 5660 SL - 5528
Sell Nifty Future below 5522 - 5500 - 5445 - 5410 SL - 5537

BANKNIFTY TECHNICAL
Current Spot: 10930.70
Pivot: 10841
5DEMA: 10608
10DEMA: 10398
20DEMA: 10031
50DEMA: 9449
RSI (14 days): 82.59
Parabolic SAR: 10449
Supports: 10723 - 10515 - 10396
Resistance: 11049 - 11167 - 11375
CAM Support: 10901 - 10871 - 10841 - 10751
CAM Resistance: 10961 - 10991 - 11020 - 11110
Bank Nifty VIX Range: 10768 - 11174
Bank Nifty Future VWAP: 10855.33
MP Values Bank Nifty Future: VAH - 10967, POC - 10866, VAL - 10765

TARGET BANKNIFTY
Buy BankNifty Future above 10979 - 11090 - 11200 - 11410 SL - 10868
Sell BankNifty Future below 10857 - 10755 - 10540 - 10410 SL - 10903

INTRADAY TRADE
Reliance Industries: Buy above 846 for targets of 848, 852, 860 SL 840
Reliance Industries: Sell below 834 for targets of 832, 828, 820 SL 844
IndiaBulls: Buy above 220 for targets of 224, 230 SL 213
TataMotors: Buy above 290 for targets of 294, 300 SL 285

SCORE SHEET
Albk: Buy above 192 for targets of 194, 197 SL 188: Target 199.25 achieved
Gitanjali: Buy above 375 for targets of 380, 388 SL 365: Target 386.75 achieved

POSITIONAL TRADE
Havells: Buy above 560 for target of 590 SL 541 (2-3 Days)
RPower: Buy above 124 for target of 135 SL 118 (1 Week)

Thanks and Regards

S&P Wealth Creators

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