Thursday, August 30, 2012

Market outlook for 31/08/2012

Nifty closed up 27.25 points (0.52%) at 5315.05 while Nifty Future closed at 5327.50, premium of 15.10 points.
Bank Nifty closed up 73.30 points (0.73%) at 10085.20 while Future closed at 10128.75, premium of 43.55 points.
  • FII bought in Cash (Net buy 2306.10 Crore)
  • FII bought in index future, index option but sold in stock future (Net buy 3443.93 Crore)
  • DII bought in Cash (Net buy 328.11 Crore)
  • Most Active Nifty Call Option: 5300 and 5400.
  • Most Active Nifty Put Options: 5300 and 5200.
  • Advance Decline for the day was 740:726.
NIFTY TECHNICAL
Current Spot: 5315.05
Pivot: 5304
5DEMA: 5331
10DEMA: 5341
20DEMA: 5323
50DEMA: 5247
RSI (14 days): 51.59
Parabolic SAR: 5428
Supports: 5266 - 5217 - 5178
Resistance: 5354 - 5392 - 5441
Nifty Future VIX Range: 5290 - 5370
Nifty Future VWAP: 5313.67
MP Values Nifty Future: VAH - 5322, POC - 5310, VAL - 5298

TARGET NIFTY
Buy Nifty Future above 5334 - 5345 - 5365 - 5390 SL - 5316
Sell Nifty Future below 5308 - 5295 - 5275 - 5255 SL - 5326

BANKNIFTY TECHNICAL
Current Spot: 10085.20
Pivot: 10058
5DEMA: 10137
10DEMA: 10231
20DEMA: 10305
50DEMA: 10261
RSI (14 days): 39.12
Parabolic SAR: 10521
Supports: 9986 - 9887 - 9814
Resistance: 10158 - 10230 - 10330
Bank Nifty Future VIX Range: 10026 - 10231
Bank Nifty Future VWAP: 10073.11
MP Values Bank Nifty Future: VAH - 10099, POC - 10050, VAL - 10021

TARGET BANKNIFTY
Buy BankNifty Future above 10136 - 10173 - 10220 - 10300 SL - 10089
Sell BankNifty Future below 10084 - 10055 - 9980 - 9930 SL - 10119

INTRADAY TRADE
Reliance Industries: Buy above 785 for targets of 790, 798, 810 SL 779
Reliance Industries: Sell below 777 for targets of 773, 765, 755 SL 783
Jubilant: Buy above 189 for targets of 191, 195 SL 185
Granules: Buy above 168 for targets of 170, 175 SL 165

SCORE SHEET
Shasunphar: Buy above 152 for targets of 154, 157 SL 148.5: Target 159.40 done
Autoind: Buy above 181 for targets of 184, 188 SL 179: Call not active

POSITIONAL TRADE
Appaper: Buy above 350 for target of 384 SL 336 (2-3 Days)
Idfc: Buy above 138 for target of 146 SL 135 (1 Week)

Thanks and Regards

S&P Wealth Creators

3 comments:

  1. This comment has been removed by the author.

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  2. If you don't mind could you please tell me how you calculate NIFTY/BANKNIFTY Targets

    Thanks in advance

    ReplyDelete
    Replies
    1. Basically targets are based on previous days range...

      Delete

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