Tuesday, January 29, 2013

Market outlook for 30/01/2013

Nifty closed down 24.90 points (0.41%) at 6049.90 while Nifty Future closed at 6049.40, discount of 0.50 points.
Bank Nifty closed down 58.55 points (0.46%) at 12722.80 while Future closed at 12728.80, premium of 6.00 points.
  • FII bought in Cash (Net buy 899.83 Crore)
  • FII bought in index future, index option, stock future (Net buy 2269.15 Crore)
  • DII sold in Cash (Net sell 938.71 Crore)
  • Most Active Nifty Call Option: 6100 and 6200.
  • Most Active Nifty Put Options: 6100 and 6000.
  • Advance Decline for the day was 528:967.
NIFTY TECHNICAL
Current Spot: 6049.90
Pivot: 6068
5DEMA: 6056
10DEMA: 6046
20DEMA: 6016
50DEMA: 5927
RSI (14 days): 57.69
Parabolic SAR: 6008
Supports: 6024 - 5999 - 5955
Resistance: 6094 - 6137 - 6163
Nifty Future VIX Range: 6010 - 6088
Nifty Future VWAP: 6081.15
MP Values Nifty Future: VAH - 6104, POC - 6081, VAL - 6058

TARGET NIFTY
Buy Nifty Future above 6081 - 6095 - 6135 - 6165 SL - 6058
Sell Nifty Future below 6045 - 6025 - 5995 - 5950 SL - 6074

BANKNIFTY TECHNICAL
Current Spot: 12722.80
Pivot: 12790
5DEMA: 12699
10DEMA: 12683
20DEMA: 12642
50DEMA: 12395
RSI (14 days): 56.48
Parabolic SAR: 12509
Supports: 12619 - 12515 - 12344
Resistance: 12894 - 13065 - 13168
Bank Nifty Future VIX Range: 12622 - 12836
Bank Nifty Future VWAP: 12829.69
MP Values Bank Nifty Future: VAH - 12906, POC - 12825, VAL - 12744

TARGET BANKNIFTY
Buy BankNifty Future above 12805 - 12875 - 12950 - 13100 SL - 12744
Sell BankNifty Future below 12715 - 12630 - 12550 - 12420 SL - 12801

INTRADAY TRADE
Reliance Industries: Buy above 893 for targets of 898, 908 SL 886
Reliance Industries: Sell below 879 for targets of 872, 862 SL 891
AxisBank: Buy above 1480 for targets of 1495, 1520 SL 1462
SunTv: Buy above 472 for targets of 476, 485 SL 466

SCORE SHEET

POSITIONAL TRADE
Ajantapharm: Buy above 655 for target of 700 SL 636 (2-3 Days)
Apollotyre: Buy above 85.5 for target of 90 SL 84.5 (1 Week)

Thanks and Regards

S&P Wealth Creators

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