Tuesday, August 7, 2012

Market outlook for 08/08/2012

Nifty closed up 54.15 points (1.03%) at 5336.70 while Nifty Future closed at 5347.70, premium of 11.00 points.
Bank Nifty closed up 129.55 points (1.24%) at 10591.95 while Future closed at 10620.50, premium of 28.55 points.
  • FII bought in Cash (Net buy 815.95 Crore)
  • FII bought in index future, stock future and index option (Net buy 2528.79 Crore)
  • DII bought in Cash (Net buy 55.24 Crore)
  • Most Active Nifty Call Option: 5300 and 5400.
  • Most Active Nifty Put Options: 5300 and 5200.
  • Advance Decline for the day was 822:657.
NIFTY TECHNICAL
Current Spot: 5336.70
Pivot: 5323
5DEMA: 5268
10DEMA: 5234
20DEMA: 5212
50DEMA: 5167
RSI (14 days): 63.20
Parabolic SAR: 5103
Supports: 5296 - 5254 - 5227
Resistance: 5364 - 5391 - 5432
Nifty Future VIX Range: 5295 - 5400
Nifty Future VWAP: 5337.76
MP Values Nifty Future: VAH - 5366, POC - 5347, VAL - 5327

TARGET NIFTY
Buy Nifty Future above 5352 - 5375 - 5405 - 5445 SL - 5331
Sell Nifty Future below 5327 - 5310 - 5270 - 5240 SL - 5342

BANKNIFTY TECHNICAL
Current Spot: 10591.95
Pivot: 10557
5DEMA: 10454
10DEMA: 10415
20DEMA: 10390
50DEMA: 10230
RSI (14 days): 59.44
Parabolic SAR: 10110
Supports: 10498 - 10404 - 10345
Resistance: 10651 - 10711 - 10805
Bank Nifty Future VIX Range: 10490 - 10751
Bank Nifty Future VWAP: 10596.97
MP Values Bank Nifty Future: VAH - 10632, POC - 10586, VAL - 10540

TARGET BANKNIFTY
Buy BankNifty Future above 10630 - 10670 - 10730 - 10830 SL - 10579
Sell BankNifty Future below 10572 - 10530 - 10435 - 10375 SL - 10603

INTRADAY TRADE
Reliance Industries: Buy above 790 for targets of 793, 799, 810 SL 784
Reliance Industries: Sell below 780 for targets of 777, 770, 759 SL 788
Bfutilitie: Buy above 437 for targets of 442, 450 SL 432
Idfc: Buy above 136.5 for targets of 138, 140 SL 134.5

SCORE SHEET
Vguard: Buy above 338 for targets of 342, 349 SL 332: Target 391.50 done
Bomdyeing: Buy above 531 for targets of 536, 545 SL 522: Target 536.90 done

POSITIONAL TRADE
Vguard: Buy above 385 for target of 424 SL 369 (2-3 Days)
Dishman: Buy above 87 for target of 95 SL 85 (1 Week)

Thanks and Regards

S&P Wealth Creators

0 comments:

Post a Comment

Please leave your comments here...