Sunday, October 28, 2012

Market outlook for 29/10/2012

Nifty closed down 41.00 points (0.72%) at 5664.30 while Nifty Future closed at 5699.30, premium of 35.00 points.
Bank Nifty closed down 105.35 points (0.91%) at 11509.15 while Future closed at 11585.30, premium of 76.15 points.
  • FII sold in Cash (Net sell 198.84 Crore)
  • FII bought in index option but sold in index future, stock future (Net buy 1622.20 Crore)
  • DII sold in Cash (Net sell 89.93 Crore)
  • Most Active Nifty Call Option: 5700 and 5800.
  • Most Active Nifty Put Options: 5700 and 5600.
  • Advance Decline for the day was 457:1045.
NIFTY TECHNICAL
Current Spot: 5664.30
Pivot: 5668
5DEMA: 5687
10DEMA: 5688
20DEMA: 5666
50DEMA: 5549
RSI (14 days): 53.07
Parabolic SAR: 4968
Supports: 5638 - 5612 - 5583
Resistance: 5694 - 5723 - 5749
Nifty Future VIX Range: 5653 - 5746
Nifty Future VWAP: 5701.42
MP Values Nifty Future: VAH - 5714, POC - 5701, VAL - 5688

TARGET NIFTY
Buy Nifty Future above 5714 - 5725 - 5750 - 5780 SL - 5697
Sell Nifty Future below 5788 - 5675 - 5650 - 5625 SL - 5702

BANKNIFTY TECHNICAL
Current Spot: 11509.15
Pivot: 11536
5DEMA: 11543
10DEMA: 11507
20DEMA: 11388
50DEMA: 11018
RSI (14 days): 59.07
Parabolic SAR: 10447
Supports: 11441 - 11373 - 11278
Resistance: 11604 - 11699 - 11767
Bank Nifty Future VIX Range: 11447 - 11724
Bank Nifty Future VWAP: 11615.32
MP Values Bank Nifty Future: VAH - 11645, POC - 11587, VAL - 11541

TARGET BANKNIFTY
Buy BankNifty Future above 11620 - 11670 - 11755 - 11820 SL - 11587
Sell BankNifty Future below 11586 - 11540 - 11460 - 11375 SL - 11615

INTRADAY TRADE
Reliance Industries: Buy above 803 for targets of 805, 810, 817 SL 797
Reliance Industries: Sell below 795 for targets of 793, 788, 781 SL 801
Talwalkars: Buy above 220 for targets of 223, 228 SL 216
Ambujacem: Buy above 210 for targets of 212, 214 SL 207

SCORE SHEET
OrientBank: Buy above 317 for targets of 320, 328 SL 310: Target 320.40 done
Den: Buy above 185 for targets of 187, 190 SL 181: Target 186.50 done

POSITIONAL TRADE
Arvind: Buy above 83 for target of 86 SL 81.8 (2-3 Days)
Gichsgfin: Buy above 122.5 for target of 128 SL 121 (1 Week)

Thanks and Regards

S&P Wealth Creators

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