Thursday, August 23, 2012

Market outlook for 24/08/2012

Nifty closed up 2.50 points (0.05%) at 5415.35 while Nifty Future closed at 5427.15, premium of 11.80 points.
Bank Nifty closed down 14.50 points (0.14%) at 10457.70 while Future closed at 10483.15, premium of 25.45 points.
  • FII bought in Cash (Net buy 311.79 Crore)
  • FII bought in index option but sold in index future, stock future (Net buy 393.62 Crore)
  • DII sold in Cash (Net sell 161.10 Crore)
  • Most Active Nifty Call Option: 5400 and 5500.
  • Most Active Nifty Put Options: 5400 and 5300.
  • Advance Decline for the day was 664:813.
NIFTY TECHNICAL
Current Spot: 5415.35
Pivot: 5419
5DEMA: 5398
10DEMA: 5366
20DEMA: 5317
50DEMA: 5220
RSI (14 days): 67.73
Parabolic SAR: 5353
Supports: 5390 - 5365 - 5335
Resistance: 5445 - 5474 - 5499
Nifty Future VIX Range: 5384 - 5470
Nifty Future VWAP: 5435.16
MP Values Nifty Future: VAH - 5449, POC - 5432, VAL - 5415

TARGET NIFTY
Buy Nifty Future above 5435 - 5455 - 5485 - 5515 SL - 5420
Sell Nifty Future below 5419 - 5402 - 5375 - 5345 SL - 5434

BANKNIFTY TECHNICAL
Current Spot: 10457.70
Pivot: 10477
5DEMA: 10456
10DEMA: 10447
20DEMA: 10428
50DEMA: 10268
RSI (14 days): 53.29
Parabolic SAR: 10377
Supports: 10394 - 10330 - 10246
Resistance: 10541 - 10625 - 10689
Bank Nifty Future VIX Range: 10379 - 10587
Bank Nifty Future VWAP: 10520.83
MP Values Bank Nifty Future: VAH - 10538, POC - 10484, VAL - 10439

TARGET BANKNIFTY
Buy BankNifty Future above 10513 - 10565 - 10650 - 10720 SL - 10485
Sell BankNifty Future below 10467 - 10425 - 10355 - 10270 SL - 10510

INTRADAY TRADE
Reliance Industries: Buy above 802 for targets of 805, 810, 820 SL 796
Reliance Industries: Sell below 791 for targets of 788, 783, 773 SL 800
Itc: Buy above 266 for targets of 268, 270 SL 263
Appaper: Buy above 313 for targets of 316, 322 SL 307

SCORE SHEET
Onelifecap: Buy above 602 for targets of 609, 620 SL 584: Target 614.90 done
Vguard: Buy above 434 for targets of 439, 448 SL 427: Target 447.90 done

POSITIONAL TRADE
Pfocus: Buy above 50.5 for target of 53.5 SL 49 (2-3 Days)
Mtnl: Buy above 39.5 for target of 45 SL 37.7 (1 Week)

Thanks and Regards

S&P Wealth Creators

2 comments:

  1. hello sir
    as i read someday on justnifty, somebody was telling that for healthy bullish rally PCR should be 1.2 to 2.0 so as we are near upper range can we expect downside? if wrong than what will be interpretation of such a high PCR? thanks. if possible please mail on anmpatel@gmail.com

    ReplyDelete
    Replies
    1. High PCR means that the PE Writers are having an upperhand, but there is an other side to it also, say if one of the strike of PE Writers is under pressure and succumbs to it, then it may have a ripple effect and we could see a fast downside...

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