Tuesday, March 6, 2012

Market outlook for 07/03/12

Nifty closed down 57.95 points (1.10%) at 5222.40 while Nifty Future closed at 5250.40, premium of 28.00 points.
Bank Nifty closed down 120.70 points (1.19%) at 10058.15 while Future closed at 10114.65, premium of 56.50 points.
  • FII sold in Cash (Net sell 241.22 Crore)
  • FII sold in index future, index option but bought in stock future (Net sell 181.92 Crore)
  • DII bought in Cash (Net buy 179.91 Crore)
  • Most Active Nifty Call Option: 5400 and 5500.
  • Most Active Nifty Put Options: 5300 and 5200.
  • Advance Decline for the day was 368:935.
NIFTY TECHNICAL
Current Spot: 5222.40
Pivot: 5270
5DEMA: 5300
10DEMA: 5341
20DEMA: 5342
50DEMA: 5220
RSI (14 days): 42.58
Parabolic SAR: 5481
Supports: 5159 - 5095 - 4983
Resistance: 5334 - 5446 - 5510
CAM Support: 5206 - 5190 - 5174 - 5126
CAM Resistance: 5239 - 5255 - 5271 - 5319
NF VIX Range: 5188 - 5313
Nifty Future VWAP: 5326.04
MP Values Nifty Future: VAH - 5410, POC - 5353, VAL - 5296

TARGET NIFTY
Buy Nifty Future above 5307 - 5370 - 5480 - 5550 SL - 5288
Sell Nifty Future below 5243 - 5185 - 5115 - 5010 SL - 5306

BANKNIFTY TECHNICAL
Current Spot: 10058.15
Pivot: 10172
5DEMA: 10250
10DEMA: 10353
20DEMA: 10335
50DEMA: 9914
RSI (14 days): 45.32
Parabolic SAR: 10658
Supports: 9906 - 9755 - 9489
Resistance: 10324 - 10590 - 10742
CAM Support: 10020 - 9982 - 9943 - 9828
CAM Resistance: 10096 - 10135 - 10173 - 10288
Bank Nifty VIX Range: 9911 - 10318
Bank Nifty Future VWAP: 10300.32
MP Values Bank Nifty Future: VAH - 10470, POC - 10341, VAL - 10212

TARGET BANKNIFTY
Buy BankNifty Future above 10243 - 10400 - 10620 - 11810 SL - 10209
Sell BankNifty Future below 10099 - 9944 - 9800 - 9650 SL - 10241

INTRADAY TRADE
Reliance Industries: Buy above 790 for targets of 793, 799, 815 SL 785
Reliance Industries: Sell below 774 for targets of 771, 765, 750 SL 788
Engineerin: Buy above 273 for targets of 275, 280 SL 270
Indianb: Buy above 239 for targets of 242, 246 SL 235

SCORE SHEET
RelInfra: Buy above 660 for targets of 670, 685 SL 651: Target 679.75 achieved
Gravita: Buy above 810 for targets of 817, 830 SL 794: Target 841.75 achieved

POSITIONAL TRADE
Glodyne: Buy above 262 for target of 278 SL 253 (2-3 Days)
Provogue: Buy above 34.5 for target of 38 SL 32.9 (1 Week)

Thanks and Regards

S&P Wealth Creators

2 comments:

  1. Dear Sanjay bhai and others,
    Wish you all a very very HAPPY HOLI.......

    ReplyDelete
    Replies
    1. Dear Jay Sir,

      A very happy Holi to you and your Family.

      Delete

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