Thursday, September 6, 2012

Market outlook for 07/09/2012

Nifty closed up 12.70 points (0.24%) at 5238.40 while Nifty Future closed at 5261.10, premium of 22.70 points.
Bank Nifty closed up 65.25 points (1.66%) at 9893.15 while Future closed at 9937.90, premium of 44.75 points.
  • FII bought in Cash (Net buy 166.58 Crore)
  • FII sold in index future, stock future but bought in index option (Net sell 386.08 Crore)
  • DII sold in Cash (Net sell 33.76 Crore)
  • Most Active Nifty Call Option: 5300 and 5400.
  • Most Active Nifty Put Options: 5300 and 5200.
  • Advance Decline for the day was 762:701.
NIFTY TECHNICAL
Current Spot: 5238.40
Pivot: 5239
5DEMA: 5256
10DEMA: 5282
20DEMA: 5294
50DEMA: 5252
RSI (14 days): 43.49
Parabolic SAR: 5340
Supports: 5217 - 5196 - 5174
Resistance: 5260 - 5282 - 5303
Nifty Future VIX Range: 5224 - 5298
Nifty Future VWAP: 5261.77
MP Values Nifty Future: VAH - 5283, POC - 5267, VAL - 5251

TARGET NIFTY
Buy Nifty Future above 5268 - 5280 - 5305 - 5330 SL - 5250
Sell Nifty Future below 5249 - 5235 - 5215 - 5190 SL - 5267

BANKNIFTY TECHNICAL
Current Spot: 9893.15
Pivot: 9891
5DEMA: 9943
10DEMA: 10038
20DEMA: 10159
50DEMA: 10220
RSI (14 days): 35.91
Parabolic SAR: 10172
Supports: 9834 - 9775 - 9718
Resistance: 9950 - 10007 - 10066
Bank Nifty Future VIX Range: 9836 - 10040
Bank Nifty Future VWAP: 9952.38
MP Values Bank Nifty Future: VAH - 9978, POC - 9946, VAL - 9914

TARGET BANKNIFTY
Buy BankNifty Future above 9980 - 10010 - 10060 - 10115 SL - 9946
Sell BankNifty Future below 9845 - 9915 - 9840 - 9775 SL - 9979

INTRADAY TRADE
Reliance Industries: Buy above 773 for targets of 775, 778, 783 SL 767
Reliance Industries: Sell below 765 for targets of 763, 760, 755 SL 771
Torentpower: Buy above 181 for targets of 184, 190 SL 176
Indiaglyco: Buy above 176 for targets of 179, 183 SL 172

SCORE SHEET
Bhartiartl: Buy above 250 for targets of 252, 255 SL 246: Error in Call
Hindunilvr: Buy above 533 for targets of 536, 540 SL 529: SL Hit

POSITIONAL TRADE
Wipro: Buy above 378 for target of 390 SL 371 (2-3 Days)
Den: Buy above 137 for target of 145 SL 133 (1 Week)

Thanks and Regards

S&P Wealth Creators

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