Thursday, January 10, 2013

Market outlook for 11/01/2013

Nifty closed down 2.85 points (0.05%) at 5968.65 while Nifty Future closed at 6003.60, premium of 34.95 points.
Bank Nifty closed up 84.25 points (0.66%) at 12802.25 while Future closed at 12867.00, premium of 64.75 points.
  • FII bought in Cash (Net buy 249.50 Crore)
  • FII bought in index future, index option but sold in stock future (Net buy 43.94 Crore)
  • DII sold in Cash (Net sell 433.14 Crore)
  • Most Active Nifty Call Option: 6000 and 6100.
  • Most Active Nifty Put Options: 6000 and 5900.
  • Advance Decline for the day was 499:1011.
NIFTY TECHNICAL
Current Spot: 5968.65
Pivot: 5974
5DEMA: 5979
10DEMA: 5966
20DEMA: 5931
50DEMA: 5846
RSI (14 days): 59.28
Parabolic SAR: 5910
Supports: 5942 - 5916 - 5884
Resistance: 6000 - 6032 - 6058
Nifty Future VIX Range: 5964 - 6043
Nifty Future VWAP: 6008.48
MP Values Nifty Future: VAH - 6017, POC - 6006, VAL - 5995

TARGET NIFTY
Buy Nifty Future above 6017 - 6035 - 6055 - 6090 SL - 5995
Sell Nifty Future below 5994 - 5975 - 5950 - 5915 SL - 6010

BANKNIFTY TECHNICAL
Current Spot: 12802.25
Pivot: 12774
5DEMA: 12744
10DEMA: 12684
20DEMA: 12546
50DEMA: 12188
RSI (14 days): 71.35
Parabolic SAR: 12442
Supports: 12726 - 12649 - 12601
Resistance: 12851 - 12899 - 12976
Bank Nifty Future VIX Range: 12760 - 12974
Bank Nifty Future VWAP: 12831.16
MP Values Bank Nifty Future: VAH - 12855, POC - 12821, VAL - 12787

TARGET BANKNIFTY
Buy BankNifty Future above 12875 - 12905 - 12950 - 13010 SL - 12821
Sell BankNifty Future below 12820 - 12800 - 12750 - 12690 SL - 12856

INTRADAY TRADE
Reliance Industries: Buy above 856 for targets of 861, 867 SL 850
Reliance Industries: Sell below 846 for targets of 842, 835 SL 854
Bbtc: Buy above 154 for targets of 156, 160 SL 151
Amarajabat: Buy above 286 for targets of 289, 295 SL 282

SCORE SHEET
Havells: Buy above 682 for targets of 688, 700 SL 673: Target 688.30 done
Gichsgfin: Buy above 152 for targets of 154, 160 SL 149.5: Call not active

POSITIONAL TRADE
Satyamcomp: Buy above 111.5 for target of 114.5 SL 109.5 (2-3 Days)
Syndibank: Buy above 141 for target of 146 SL 139 (1 Week)

Thanks and Regards

S&P Wealth Creators

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