Tuesday, October 9, 2012

Market outlook for 10/10/2012

Nifty closed up 28.60 points (0.50%) at 5704.60 while Nifty Future closed at 5723.90, premium of 19.30 points.
Bank Nifty closed up 83.90 points (0.74%) at 11446.10 while Future closed at 11497.75, premium of 51.65 points.
  • FII bought in Cash (Net buy 613.98 Crore)
  • FII sold in index future, index option and stock future (Net sell 260.31 Crore)
  • DII sold in Cash (Net sell 430.60 Crore)
  • Most Active Nifty Call Option: 5700 and 5800.
  • Most Active Nifty Put Options: 5700 and 5600.
  • Advance Decline for the day was 834:676.
NIFTY TECHNICAL
Current Spot: 5704.60
Pivot: 5704
5DEMA: 5712
10DEMA: 5691
20DEMA: 5621
50DEMA: 5483
RSI (14 days): 62.93
Parabolic SAR: 5797
Supports: 5679 - 5653 - 5628
Resistance: 5730 - 5754 - 5780
Nifty Future VIX Range: 5671 - 5776
Nifty Future VWAP: 5730.40
MP Values Nifty Future: VAH - 5745, POC - 5726, VAL - 5707

TARGET NIFTY
Buy Nifty Future above 5730 - 5750 - 5780 - 5810 SL - 5619
Sell Nifty Future below 5707 - 5695 - 5670 - 5640 SL - 5726

BANKNIFTY TECHNICAL
Current Spot: 11446.10
Pivot: 11449
5DEMA: 11446
10DEMA: 11372
20DEMA: 11135
50DEMA: 10787
RSI (14 days): 66.04
Parabolic SAR: 11711
Supports: 11370 - 11295 - 11216
Resistance: 11525 - 11604 - 11680
Bank Nifty Future VIX Range: 11337 - 11658
Bank Nifty Future VWAP: 11511.09
MP Values Bank Nifty Future: VAH - 11573, POC - 11504, VAL - 11435

TARGET BANKNIFTY
Buy BankNifty Future above 11542 - 11630 - 11765 - 11890 SL - 11503
Sell BankNifty Future below 11481 - 11392 - 11290 - 11145 SL - 11539

INTRADAY TRADE
Reliance Industries: Buy above 822 for targets of 825, 830, 836 SL 816
Reliance Industries: Sell below 813 for targets of 810, 805, 800 SL 820
Bajajelec: Buy above 223 for targets of 226, 231 SL 219
Pfc: Buy above 203 for targets of 206, 210 SL 199

SCORE SHEET
RsSoftware: Buy above 193 for targets of 196, 200 SL 189: Target 197.40 done
CanBk: Buy above 439 for targets of 443, 449 SL 434: SL Hit

POSITIONAL TRADE
Auropharma: Buy above 150 for target of 160 SL 147 (2-3 Days)
Anantraj: Buy above 85 for target of 93 SL 82 (1 Week)

Thanks and Regards

S&P Wealth Creators

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