Sunday, February 10, 2013

Market outlook for 11/02/2013

Nifty closed down 35.30 points (0.59%) at 5903.50 while Nifty Future closed at 5921.80, premium of 18.30 points.
Bank Nifty closed down 69.15 points (0.56%) at 12280.15 while Future closed at 12348.30, premium of 68.15 points.
  • FII bought in Cash (Net buy 1490.82 Crore)
  • FII bought in index option, stock future but sold in index future (Net buy 918.74 Crore)
  • DII sold in Cash (Net sell 709.36 Crore)
  • Most Active Nifty Call Option: 6000 and 6100.
  • Most Active Nifty Put Options: 6000 and 5900.
  • Advance Decline for the day was 437:1072.
NIFTY TECHNICAL
Current Spot: 5903.50
Pivot: 5914
5DEMA: 5947
10DEMA: 5977
20DEMA: 5990
50DEMA: 5941
RSI (14 days): 37.57
Parabolic SAR: 6067
Supports: 5874 - 5844 - 5803
Resistance: 5944 - 5984 - 6014
Nifty Future VIX Range: 5888 - 5955
Nifty Future VWAP: 5944.37
MP Values Nifty Future: VAH - 5971, POC - 5946, VAL - 5921

TARGET NIFTY
Buy Nifty Future above 5947 - 5960 - 5975 - 6000 SL - 5921
Sell Nifty Future below 5919 - 5910 - 5895 - 5875 SL - 5946

BANKNIFTY TECHNICAL
Current Spot: 12280.15
Pivot: 12305
5DEMA: 12405
10DEMA: 12495
20DEMA: 12554
50DEMA: 12426
RSI (14 days): 36.07
Parabolic SAR: 12839
Supports: 12221 - 12161 - 12077
Resistance: 12365 - 12449 - 12509
Bank Nifty Future VIX Range: 12258 - 12439
Bank Nifty Future VWAP: 12391.19
MP Values Bank Nifty Future: VAH - 12432, POC - 12393, VAL - 12354

TARGET BANKNIFTY
Buy BankNifty Future above 12394 - 12445 - 12500 - 12570 SL - 12354
Sell BankNifty Future below 12335 - 12290 - 12250 - 12185 SL - 12445

INTRADAY TRADE
Reliance Industries: Buy above 869 for targets of 875, 882 SL 863
Reliance Industries: Sell below 860 for targets of 853, 845 SL 867
Wipro: Buy above 413 for targets of 416, 422 SL 409
Bslimited: Buy above 351 for targets of 355, 363 SL 346

SCORE SHEET
Tatachem: Buy above 365 for targets of 368, 374 SL 360: Target 367.45 done
Canbk: Buy above 468 for targets of 471, 477 SL 463: Call not Active

POSITIONAL TRADE
Venkeys: Buy above 485 for target of 535 SL 461 (2-3 Days)
Exideind: Buy above 130 for target of 139 SL 127 (1 Week)

Thanks and Regards

S&P Wealth Creators

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