Sunday, January 27, 2013

Market outlook for 28/01/2013

Nifty closed up 55.30 points (0.92%) at 6074.65 while Nifty Future closed at 6073.70, discount of 0.95 points.
Bank Nifty closed up 131.85 points (1.05%) at 12693.25 while Future closed at 12709.25, premium of 16.00 points.
  • FII bought in Cash (Net buy 586.87 Crore)
  • FII bought in index option, stock future but sold in index future (Net buy 348.37 Crore)
  • DII sold in Cash (Net sell 331.92 Crore)
  • Most Active Nifty Call Option: 6000 and 6100.
  • Most Active Nifty Put Options: 6000 and 5900.
  • Advance Decline for the day was 925:585.
NIFTY TECHNICAL
Current Spot: 6074.65
Pivot: 6057
5DEMA: 6052
10DEMA: 6039
20DEMA: 6006
50DEMA: 5918
RSI (14 days): 61.49
Parabolic SAR: 6099
Supports: 6033 - 5990 - 5966
Resistance: 6099 - 6123 - 6165
Nifty Future VIX Range: 6033 - 6115
Nifty Future VWAP: 6053.07
MP Values Nifty Future: VAH - 6066, POC - 6030, VAL - 6016

TARGET NIFTY
Buy Nifty Future above 6078 - 6095 - 6115 - 6155 SL - 6050
Sell Nifty Future below 6048 - 6035 - 5995 - 5970 SL - 6066

BANKNIFTY TECHNICAL
Current Spot: 12693.25
Pivot: 12649
5DEMA: 12641
10DEMA: 12651
20DEMA: 12619
50DEMA: 12377
RSI (14 days): 56.06
Parabolic SAR: 12870
Supports: 12580 - 12467 - 12398
Resistance: 12762 - 12831 - 12944
Bank Nifty Future VIX Range: 12598 - 12821
Bank Nifty Future VWAP: 12651.86
MP Values Bank Nifty Future: VAH - 12733, POC - 12677, VAL - 12609

TARGET BANKNIFTY
Buy BankNifty Future above 12733 - 12775 - 12840 - 12950 SL - 12677
Sell BankNifty Future below 12645 - 12610 - 12500 - 12420 SL - 12677

INTRADAY TRADE
Reliance Industries: Buy above 914 for targets of 920, 928 SL 908
Reliance Industries: Sell below 907 for targets of 902, 896 SL 914
Bankindia: Buy above 365 for targets of 368, 372 SL 362
Maruti: Buy above 1602 for targets of 1616, 1635 SL 1584

SCORE SHEET
DrReddy: Buy above 1935 for targets of 1954, 1974 SL 1919: Target 1970.00 done
LT: Buy above 1588 for targets of 1600, 1615 SL 1572: Target 1616.60 done

POSITIONAL TRADE
Ranbaxy: Buy above 457 for target of 480 SL 451 (2-3 Days)
Voltas: Buy above 98 for target of 105 SL 96 (1 Week)

Thanks and Regards

S&P Wealth Creators

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