Wednesday, August 29, 2012

Market outlook for 30/08/2012

Nifty closed down 46.80 points (0.88%) at 5287.80 while Nifty Future closed at 5296.60, premium of 8.80 points.
Bank Nifty closed down 47.50 points (0.47%) at 10011.90 while Future closed at 10034.70, premium of 22.80 points.
  • FII bought in Cash (Net buy 143.30 Crore)
  • FII sold in index future, stock future and index option (Net sell 1364.13 Crore)
  • DII sold in Cash (Net sell 239.80 Crore)
  • Most Active Nifty Call Option: 5300 and 5400.
  • Most Active Nifty Put Options: 5300 and 5200.
  • Advance Decline for the day was 457:1009.
NIFTY TECHNICAL
Current Spot: 5287.80
Pivot: 5305
5DEMA: 5339
10DEMA: 5347
20DEMA: 5323
50DEMA: 5248
RSI (14 days): 47.90
Parabolic SAR: 5439
Supports: 5265 - 5243 - 5202
Resistance: 5328 - 5368 - 5391
Nifty Future VIX Range: 5256 - 5337
Nifty Future VWAP: 5315.18
MP Values Nifty Future: VAH - 5329, POC - 5313, VAL - 5297

TARGET NIFTY
Buy Nifty Future above 5317 - 5330 - 5365 - 5385 SL - 5306
Sell Nifty Future below 5289 - 5279 - 5260 - 5225 SL - 5316

BANKNIFTY TECHNICAL
Current Spot: 10011.90
Pivot: 10046
5DEMA: 10162
10DEMA: 10263
20DEMA: 10329
50DEMA: 10282
RSI (14 days): 34.68
Parabolic SAR: 10570
Supports: 9964 - 9917 - 9835
Resistance: 10093 - 10175 - 10222
Bank Nifty Future VIX Range: 9931 - 10138
Bank Nifty Future VWAP: 10078.96
MP Values Bank Nifty Future: VAH - 10125, POC - 10089, VAL - 10053

TARGET BANKNIFTY
Buy BankNifty Future above 10090 - 10125 - 10200 - 10245 SL - 10052
Sell BankNifty Future below 10030 - 10000 - 9950 - 9865 SL - 10089

INTRADAY TRADE
Reliance Industries: Buy above 791 for targets of 794, 800, 808 SL 785
Reliance Industries: Sell below 780 for targets of 777, 771, 763 SL 789
Shasunphar: Buy above 152 for targets of 154, 157 SL 148.5
Autoind: Buy above 181 for targets of 184, 188 SL 179

SCORE SHEET
Petronet: Buy above 154 for targets of 156, 158 SL 152: SL Hit
NMDC: Buy above 194 for targets of 196, 199 SL 191: Target 196.60 done

POSITIONAL TRADE
Mcdowell-n: Buy above 985 for target of 1020 SL 964 (2-3 Days)
Dishman: Buy above 100 for target of 105 SL 99 (1 Week)

Thanks and Regards

S&P Wealth Creators

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