Monday, September 17, 2012

Market outlook for 18/09/2012

Nifty closed up 32.35 points (0.58%) at 5610.00 while Nifty Future closed at 5616.70, premium of 6.70 points.
Bank Nifty closed up 338.75 points (3.18%) at 10981.65 while Future closed at 10977.30, discount of 4.35 points.
  • FII bought in Cash (Net buy 2252.17 Crore)
  • FII bought in index future, index option, stock future (Net buy 1975.71 Crore)
  • DII sold in Cash (Net sell 837.72 Crore)
  • Most Active Nifty Call Option: 5600 and 5700.
  • Most Active Nifty Put Options: 5600 and 5500.
  • Advance Decline for the day was 896:617.
NIFTY TECHNICAL
Current Spot: 5610.00
Pivot: 5616
5DEMA: 5508
10DEMA: 5440
20DEMA: 5385
50DEMA: 5309
RSI (14 days): 76.21
Parabolic SAR: 5357
Supports: 5579 - 5549 - 5512
Resistance: 5646 - 5683 - 5713
Nifty Future VIX Range: 5564 - 5670
Nifty Future VWAP: 5626.59
MP Values Nifty Future: VAH - 5659, POC - 5637, VAL - 5615

TARGET NIFTY
Buy Nifty Future above 5638 - 5655 - 5695 - 5730 SL - 5615
Sell Nifty Future below 5608 - 5590 - 5555 - 5510 SL - 5637

BANKNIFTY TECHNICAL
Current Spot: 10981.65
Pivot: 10941
5DEMA: 10535
10DEMA: 10354
20DEMA: 10275
50DEMA: 10247
RSI (14 days): 72.93
Parabolic SAR: 10050
Supports: 10837 - 10693 - 10589
Resistance: 11086 - 11190 - 11334
Bank Nifty Future VIX Range: 10804 - 11150
Bank Nifty Future VWAP: 10924.32
MP Values Bank Nifty Future: VAH - 10960, POC - 10890, VAL - 10820

TARGET BANKNIFTY
Buy BankNifty Future above 10986 - 11080 - 11190 - 11310 SL - 10914
Sell BankNifty Future below 10913 - 10843 - 10750 - 10635 SL - 10940

INTRADAY TRADE
Reliance Industries: Buy above 876 for targets of 880, 890, 915 SL 866
Reliance Industries: Sell below 863 for targets of 859, 849, 834 SL 870
Beml: Buy above 313 for targets of 317, 326 SL 302
Pfc: Buy above 182 for targets of 184, 190 SL 177

SCORE SHEET
YesBank: Buy above 358 for targets of 362, 369 SL 352: Target 380.80 done
Jindalstel: Buy above 376 for targets of 380, 388 SL 369: Target 400.90 done

POSITIONAL TRADE
Hdil: Buy above 83.5 for target of 90 SL 80.3 (2-3 Days)
Albk: Buy above 134 for target of 145 SL 131 (1 Week)

Thanks and Regards

S&P Wealth Creators

1 comment:

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