Sunday, August 26, 2012

Market outlook for 27/08/2012

Nifty closed down 28.65 points (0.53%) at 5386.70 while Nifty Future closed at 5402.70, premium of 16.00 points.
Bank Nifty closed down 124.85 points (1.19%) at 10332.85 while Future closed at 10366.95, premium of 34.10 points.
  • FII bought in Cash (Net buy 226.06 Crore)
  • FII bought in index future, index option but sold in stock future (Net buy 41.86 Crore)
  • DII sold in Cash (Net sell 356.69 Crore)
  • Most Active Nifty Call Option: 5400 and 5500.
  • Most Active Nifty Put Options: 5400 and 5300.
  • Advance Decline for the day was 492:972.
NIFTY TECHNICAL
Current Spot: 5386.70
Pivot: 5386
5DEMA: 5394
10DEMA: 5370
20DEMA: 5324
50DEMA: 5233
RSI (14 days): 62.50
Parabolic SAR: 5371
Supports: 5372 - 5357 - 5343
Resistance: 5401 - 5414 - 5429
Nifty Future VIX Range: 5361 - 5445
Nifty Future VWAP: 5398.94
MP Values Nifty Future: VAH - 5407, POC - 5400, VAL - 5393

TARGET NIFTY
Buy Nifty Future above 5408 - 5415 - 5430 - 5450 SL - 5397
Sell Nifty Future below 5392 - 5387 - 5370 - 5355 SL - 5403

BANKNIFTY TECHNICAL
Current Spot: 10332.85
Pivot: 10355
5DEMA: 10415
10DEMA: 10427
20DEMA: 10419
50DEMA: 10287
RSI (14 days): 46.78
Parabolic SAR: 10641
Supports: 10297 - 10261 - 10203
Resistance: 10391 - 10448 - 10484
Bank Nifty Future VIX Range: 10264 - 10470
Bank Nifty Future VWAP: 10390.59
MP Values Bank Nifty Future: VAH - 10405, POC - 10378, VAL - 10352

TARGET BANKNIFTY
Buy BankNifty Future above 10406 - 10435 - 10470 - 10505 SL - 10377
Sell BankNifty Future below 10351 - 10335 - 10305 - 10250 SL - 10380

INTRADAY TRADE
Reliance Industries: Buy above 789 for targets of 792, 798, 805 SL 783
Reliance Industries: Sell below 778 for targets of 785, 771, 764 SL 787
CoalIndia: Buy above 368 for targets of 372, 378 SL 365
Jyothylab: Buy above 161 for targets of 164, 170 SL 157

SCORE SHEET
Itc: Buy above 266 for targets of 268, 270 SL 263: Call not Active
Appaper: Buy above 313 for targets of 316, 322 SL 307: Target 338.50 done

POSITIONAL TRADE
Onelifecap: Buy above 635 for target of 663 SL 621 (2-3 Days)
Indswftlab: Buy above 47 for target of 52 SL 45 (1 Week)

Thanks and Regards

S&P Wealth Creators

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