Monday, September 10, 2012

Market outlook for 11/09/2012

Nifty closed up 4.75 points (0.09%) at 5363.45 while Nifty Future closed at 5371.65, premium of 8.20 points.
Bank Nifty closed down 77.20 points (0.76%) at 10069.85 while Future closed at 10096.00, premium of 26.15 points.
  • FII bought in Cash (Net buy 692.73 Crore)
  • FII bought in index future, index option but sold in stock future (Net buy 471.88 Crore)
  • DII sold in Cash (Net sell 318.32 Crore)
  • Most Active Nifty Call Option: 5400 and 5500.
  • Most Active Nifty Put Options: 5300 and 5200.
  • Advance Decline for the day was 803:679.
NIFTY TECHNICAL
Current Spot: 5363.45
Pivot: 5363
5DEMA: 5327
10DEMA: 5315
20DEMA: 5310
50DEMA: 5268
RSI (14 days): 57.91
Parabolic SAR: 5225
Supports: 5350 - 5336 - 5326
Resistance: 5376 - 5389 - 5403
Nifty Future VIX Range: 5329 - 5414
Nifty Future VWAP: 5372.77
MP Values Nifty Future: VAH - 5381, POC - 5375, VAL - 5369

TARGET NIFTY
Buy Nifty Future above 5382 - 5390 - 5405 - 5420 SL - 5375
Sell Nifty Future below 5368 - 5360 - 5345 - 5330 SL - 5275

BANKNIFTY TECHNICAL
Current Spot: 10069.85
Pivot: 10098
5DEMA: 10057
10DEMA: 10070
20DEMA: 10147
50DEMA: 10223
RSI (14 days): 44.99
Parabolic SAR: 9821
Supports: 10013 - 9957 - 9873
Resistance: 10154 - 10238 - 10295
Bank Nifty Future VIX Range: 9986 - 10206
Bank Nifty Future VWAP: 10113.01
MP Values Bank Nifty Future: VAH - 10140, POC - 10101, VAL - 10062

TARGET BANKNIFTY
Buy BankNifty Future above 10102 - 10140 - 10200 - 10265 SL - 10062
Sell BankNifty Future below 10060 - 10020 - 9960 - 9905 SL - 10101

INTRADAY TRADE
Reliance Industries: Buy above 799 for targets of 801, 805, 812 SL 793
Reliance Industries: Sell below 788 for targets of 786, 782, 775 SL 797
TataSteel: Buy above 381 for targets of 384, 388 SL 375
NMDC: Buy above 193 for targets of 195, 200 SL 190

SCORE SHEET
IRB: Buy above 128.8 for targets of 130, 133 SL 126.40: Target 130.05 done
Havells: Buy above 578 for targets of 583, 590 SL 569: Target 581.90 done

POSITIONAL TRADE
Hindalco: Buy above 111 for target of 119 SL 106 (2-3 Days)
Tatamotors: Buy above 249 for target of 264 SL 244 (1 Week)

Thanks and Regards

S&P Wealth Creators

0 comments:

Post a Comment

Please leave your comments here...