Wednesday, November 28, 2012

Market outlook for 29/11/2012

Nifty closed up 91.55 points (1.62%) at 5727.45 while Nifty Future closed at 5732.05, premium of 4.60 points.
Bank Nifty closed up 224.95 points (1.97%) at 11657.40 while Future closed at 11676.15, premium of 18.75 points.
  • FII bought in Cash (Net buy 1082.74 Crore)
  • FII bought in index future, index option, stock future (Net buy 1806.31 Crore)
  • DII sold in Cash (Net sell 208.51 Crore)
  • Most Active Nifty Call Option: 5700 and 5800.
  • Most Active Nifty Put Options: 5700 and 5600.
  • Advance Decline for the day was 1003:512.
NIFTY TECHNICAL
Current Spot: 5727.45
Pivot: 5706
5DEMA: 5658
10DEMA: 5647
20DEMA: 5651
50DEMA: 5616
RSI (14 days): 60.30
Parabolic SAR: 5473
Supports: 5679 - 5631 - 5604
Resistance: 5754 - 5781 - 5830
Nifty Future VIX Range: 5690 - 5774
Nifty Future VWAP: 5706.49
MP Values Nifty Future: VAH - 5733, POC - 5709, VAL - 5685

TARGET NIFTY
Buy Nifty Future above 5736 - 5755 - 5780 - 5825 SL - 5709
Sell Nifty Future below 5705 - 5685 - 5635 - 5605 SL - 5733

BANKNIFTY TECHNICAL
Current Spot: 11657.40
Pivot: 11608
5DEMA: 11517
10DEMA: 11488
20DEMA: 11463
50DEMA: 11254
RSI (14 days): 59.84
Parabolic SAR: 11256
Supports: 11552 - 11446 - 11391
Resistance: 11713 - 11769 - 11875
Bank Nifty Future VIX Range: 11551 - 11801
Bank Nifty Future VWAP: 11617.95
MP Values Bank Nifty Future: VAH - 11686, POC - 11631, VAL - 11563

TARGET BANKNIFTY
Buy BankNifty Future above 11686 - 11735 - 11800 - 11930 SL - 11630
Sell BankNifty Future below 11615 - 11570 - 11450 - 11380 SL - 11640

INTRADAY TRADE
Reliance Industries: Buy above 789 for targets of 791, 795, 803 SL 781
Reliance Industries: Sell below 779 for targets of 777, 773, 766 SL 785
Hanung: Buy above 165 for targets of 168, 173 SL 158
Aegischem: Buy above 186 for targets of 189, 194 SL 182

SCORE SHEET
Vguard: Buy above 520 for targets of 526, 540 SL 511: Target 538.00 done
Erosmedia: Buy above 210 for targets of 213, 220 SL 203: Target 220.70 done

POSITIONAL TRADE
Bhartiartl: Buy above 329 for target of 343 SL 322 (2-3 Days)
Jpassociat: Buy above 93 for target of 99 SL 91.5 (1 Week)

Thanks and Regards

S&P Wealth Creators

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