Tuesday, May 8, 2012

Market outlook for 09/05/2012

Nifty closed down 114.20 points (2.23%) at 4999.95 while Nifty Future closed at 5005.60, premium of 5.65 points.
Bank Nifty closed down 287.60 points (2.91%) at 9588.75 while Future closed at 9556.85, discount of 31.90 points.
  • FII sold in Cash (Net sell 398.98 Crore)
  • FII sold in index future, stock future but bought in index option (Net sell 159.48 Crore)
  • DII bought in Cash (Net buy 257.60 Crore)
  • Most Active Nifty Call Option: 5100 and 5200.
  • Most Active Nifty Put Options: 5100 and 5000.
  • Advance Decline for the day was 435:995.
NIFTY TECHNICAL
Current Spot: 4999.95
Pivot: 5035
5DEMA: 5102
10DEMA: 5150
20DEMA: 5194
50DEMA: 5257
RSI (14 days): 32.46
Parabolic SAR: 5256
Supports: 4949 - 4898 - 4813
Resistance: 5085 - 5171 - 5222
CAM Support: 4987 - 4975 - 4962 - 4925
CAM Resistance: 5012 - 5025 - 5037 - 5075
NF VIX Range: 4945 - 5066
Nifty Future VWAP: 5064.74
MP Values Nifty Future: VAH - 5109, POC - 5073, VAL - 5037

TARGET NIFTY
Buy Nifty Future above 5043 - 5090 - 5175 - 5225 SL - 5027
Sell Nifty Future below 4998 - 4956 - 4905 - 4825 SL - 5042

BANKNIFTY TECHNICAL
Current Spot: 9588.75
Pivot: 9680
5DEMA: 9869
10DEMA: 10014
20DEMA: 10135
50DEMA: 10255
RSI (14 days): 32.37
Parabolic SAR: 10363
Supports: 9436 - 9282 - 9038
Resistance: 9833 - 10077 - 10231
CAM Support: 9552 - 9516 - 9479 - 9370
CAM Resistance: 9625 - 9662 - 9698 - 9807
Bank Nifty VIX Range: 9396 - 9718
Bank Nifty Future VWAP: 9588.75
MP Values Bank Nifty Future: VAH - 9849, POC - 9740, VAL - 9631

TARGET BANKNIFTY
Buy BankNifty Future above 9661 - 9810 - 10070 - 10220 SL - 9629
Sell BankNifty Future below 9543 - 9400 - 9235 - 9000 SL - 9658

INTRADAY TRADE
Reliance Industries: Buy above 712 for targets of 716, 723, 735 SL 707
Reliance Industries: Sell below 706 for targets of 702, 695, 683 SL 711
Hindunilvr: Buy above 435 for targets of 438, 441 SL 431
Godrejcp: Buy above 558 for targets of 562, 570 SL 554

SCORE SHEET
TataMotors: Buy above 310 for targets of 314, 319 SL 304: Call not Active
Titan: Buy above 250 for targets of 253, 260 SL 244: Target 253.70 done

POSITIONAL TRADE
Goenka: Buy above 133 for target of 138 SL 131 (2-3 Days)
Petronet: Buy above 142 for target of 150 SL 140 (1 Week)

Thanks and Regards

S&P Wealth Creators

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