Thursday, February 7, 2013

Market outlook for 08/02/2013

Nifty closed down 22.75 points (0.38%) at 5938.80 while Nifty Future closed at 5961.10, premium of 22.30 points.
Bank Nifty closed down 68.40 points (0.55%) at 12349.30 while Future closed at 12418.05, premium of 68.75 points.
  • FII bought in Cash (Net buy 827.14 Crore)
  • FII bought in index option, stock future but sold in index future (Net buy 519.49 Crore)
  • DII sold in Cash (Net sell 989.73 Crore)
  • Most Active Nifty Call Option: 6000 and 6100.
  • Most Active Nifty Put Options: 6000 and 5900.
  • Advance Decline for the day was 438:1057.
NIFTY TECHNICAL
Current Spot: 5938.80
Pivot: 5948
5DEMA: 5969
10DEMA: 5993
20DEMA: 6000
50DEMA: 5949
RSI (14 days): 41.42
Parabolic SAR: 6083
Supports: 5918 - 5897 - 5867
Resistance: 5969 - 5999 - 6020
Nifty Future VIX Range: 5928 - 5994
Nifty Future VWAP: 5963.35
MP Values Nifty Future: VAH - 5971, POC - 5959, VAL - 5947

TARGET NIFTY
Buy Nifty Future above 5971 - 5985 - 6010 - 6035 SL - 5958
Sell Nifty Future below 5947 - 5940 - 5920 - 5895 SL - 5968

BANKNIFTY TECHNICAL
Current Spot: 12349.30
Pivot: 12376
5DEMA: 12467
10DEMA: 12543
20DEMA: 12583
50DEMA: 12447
RSI (14 days): 38.32
Parabolic SAR: 12890
Supports: 12278 - 12207 - 12109
Resistance: 12447 - 12545 - 12616
Bank Nifty Future VIX Range: 12326 - 12510
Bank Nifty Future VWAP: 12441.73
MP Values Bank Nifty Future: VAH - 12472, POC - 12424, VAL - 12376

TARGET BANKNIFTY
Buy BankNifty Future above 12450 - 12505 - 12600 - 12670 SL - 12423
Sell BankNifty Future below 12400 - 12350 - 12280 - 12205 SL - 12445

INTRADAY TRADE
Reliance Industries: Buy above 879 for targets of 886, 892 SL 872
Reliance Industries: Sell below 870 for targets of 863, 855 SL 877
Tatachem: Buy above 365 for targets of 368, 374 SL 360
Godrejind: Buy above 310 for targets of 313, 316 SL 306

SCORE SHEET
Pfc: Buy above 222 for targets of 224, 228 SL 219: Target 224.40 done
Canbk: Buy above 468 for targets of 471, 477 SL 463: SL Hit

POSITIONAL TRADE
Adanipower: Buy above 58 for target of 59.7 SL 57.5 (2-3 Days)
Orbitcorp: Buy above 45.5 for target of 49 SL 44 (1 Week)

Thanks and Regards

S&P Wealth Creators

1 comment:

  1. fii are daily selling in index future and buying in index option ,what trend market is indicating

    ReplyDelete

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