Monday, January 21, 2013

Market outlook for 22/01/2013

Nifty closed up 17.90 points (0.30%) at 6082.30 while Nifty Future closed at 6096.45, premium of 14.15 points.
Bank Nifty closed down 28.65 points (0.23%) at 12651.35 while Future closed at 12686.20, premium of 34.85 points.
  • FII bought in Cash (Net buy 842.96 Crore)
  • FII sold in index future, index option but bought in stock future, stock option (Net sell 117.76 Crore)
  • DII sold in Cash (Net sell 890.17 Crore)
  • Most Active Nifty Call Option: 6100 and 6200.
  • Most Active Nifty Put Options: 6100 and 6000.
  • Advance Decline for the day was 691:822.
NIFTY TECHNICAL
Current Spot: 6082.30
Pivot: 6081
5DEMA: 6050
10DEMA: 6025
20DEMA: 5985
50DEMA: 5897
RSI (14 days): 65.81
Parabolic SAR: 6003
Supports: 6067 - 6051 - 6038
Resistance: 6096 - 6110 - 6125
Nifty Future VIX Range: 6055 - 6138
Nifty Future VWAP: 6089.25
MP Values Nifty Future: VAH - 6095, POC - 6081, VAL - 6072

TARGET NIFTY
Buy Nifty Future above 6101 - 6110 - 6125 - 6145 SL - 6081
Sell Nifty Future below 6080 - 6072 - 6055 - 6040 SL - 6096

BANKNIFTY TECHNICAL
Current Spot: 12651.35
Pivot: 12650
5DEMA: 12679
10DEMA: 12684
20DEMA: 12618
50DEMA: 12335
RSI (14 days): 55.09
Parabolic SAR: 12583
Supports: 12610 - 12609 - 12528
Resistance: 12692 - 12732 - 12774
Bank Nifty Future VIX Range: 12573 - 12799
Bank Nifty Future VWAP: 12685.84
MP Values Bank Nifty Future: VAH - 12710, POC - 12682, VAL - 12654

TARGET BANKNIFTY
Buy BankNifty Future above 12710 - 12740 - 12790 - 12840 SL - 12682
Sell BankNifty Future below 12665 - 12635 - 12580 - 12530 SL - 12693

INTRADAY TRADE
Reliance Industries: Buy above 936 for targets of 942, 955 SL 929
Reliance Industries: Sell below 917 for targets of 909, 896 SL 933
Pfc: Buy above 212 for targets of 214, 217 SL 210
RelInfra: Buy above 552 for targets of 556, 566 SL 543

SCORE SHEET
Igl: Buy above 275 for targets of 278, 282 SL 272: Target 280.00 done
Ntpc: Buy above 165 for targets of 167, 170 SL 162: Target 167.50 done

POSITIONAL TRADE
Jetairways: Buy above 609 for target of 632 SL 594 (2-3 Days)
JswEnergy: Buy above 74.5 for target of 78 SL 72.4 (1 Week)

Thanks and Regards

S&P Wealth Creators

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