Monday, September 3, 2012

Market outlook for 04/09/2012

Nifty closed down 4.75 points (0.09%) at 5253.75 while Nifty Future closed at 5282.90, premium of 29.15 points.
Bank Nifty closed down 27.50 points (0.28%) at 9963.00 while Future closed at 10032.65, premium of 69.65 points.
  • FII sold in Cash (Net sell 54.79 Crore)
  • FII bought in index option but sold in index future, stock future (Net buy 704.75 Crore)
  • DII sold in Cash (Net sell 160.70 Crore)
  • Most Active Nifty Call Option: 5300 and 5400.
  • Most Active Nifty Put Options: 5300 and 5200.
  • Advance Decline for the day was 808:656.
NIFTY TECHNICAL
Current Spot: 5253.75
Pivot: 5264
5DEMA: 5289
10DEMA: 5313
20DEMA: 5310
50DEMA: 5241
RSI (14 days): 44.70
Parabolic SAR: 5396
Supports: 5233 - 5212 - 5180
Resistance: 5285 - 5317 - 5338
Nifty Future VIX Range: 5245 - 5321
Nifty Future VWAP: 5298.48
MP Values Nifty Future: VAH - 5309, POC - 5296, VAL - 5283

TARGET NIFTY
Buy Nifty Future above 5297 - 5315 - 5340 - 5365 SL - 5287
Sell Nifty Future below 5275 - 5265 - 5245 - 5215 SL - 5296

BANKNIFTY TECHNICAL
Current Spot: 9963.00
Pivot: 9996
5DEMA: 10046
10DEMA: 10146
20DEMA: 10245
50DEMA: 10227
RSI (14 days): 35.29
Parabolic SAR: 10401
Supports: 9909 - 9855 - 9768
Resistance: 10050 - 10137 - 10191
Bank Nifty Future VIX Range: 9935 - 10131
Bank Nifty Future VWAP: 10080.88
MP Values Bank Nifty Future: VAH - 10108, POC - 10074, VAL - 10040

TARGET BANKNIFTY
Buy BankNifty Future above 10071 - 10110 - 10200 - 10255 SL - 10049
Sell BankNifty Future below 10018 - 9985 - 9930 - 9845 SL - 10069

INTRADAY TRADE
Reliance Industries: Buy above 768 for targets of 770, 773, 778 SL 762
Reliance Industries: Sell below 760 for targets of 758, 755, 750 SL 766
Petronet: Buy above 158 for targets of 159.5, 162 SL 154.5
Exideind: Buy above 139 for targets of 140, 142 SL 136

SCORE SHEET
Cipla: Buy above 377 for targets of 380, 385 SL 372: Target 386.55 done
Hdfc: Buy above 736 for targets of 740, 750 SL 729: Target 741.40 done

POSITIONAL TRADE
Mcdowell-n: Buy above 990 for target of 1030 SL 978 (2-3 Days)
Advanta: Buy above 615 for target of 657 SL 596 (1 Week)

Thanks and Regards

S&P Wealth Creators

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