Tuesday, December 3, 2013

Market outlook for 04/12/2013

Nifty closed down 16.00 points (0.26%) at 6201.85 while Nifty Future closed at 6248.40, premium of 46.55 points.
Bank Nifty closed down 73.05 points (0.65%) at 11211.30 while Future closed at 11302.00, premium of 90.70 points.
  • FII bought in Cash (Net buy 516.59 Crore)
  • FII bought in index future, index option but sold in stock future (Net buy 1272.35 Crore)
  • DII sold in Cash (Net sell 671.26 Crore)
  • Most Active Nifty Call Option: 6400 and 6500.
  • Most Active Nifty Put Options: 6100 and 6000.
  • Advance Decline for the day was 668:700.
  • McClellan's oscillator for NSE at +14.
NIFTY TECHNICAL
Current Spot: 6201.85
Pivot: 6206
5DEMA: 6164
10DEMA: 6137
20DEMA: 6124
50DEMA: 6031
RSI (14 days): 57.48
Parabolic SAR: 5988
Supports: 6187 - 6172 - 6153
Resistance: 6221 - 6240 - 6255
Nifty Future VIX Range: 6177 - 6323
Nifty Future VWAP: 6247.67
MP Values Nifty Future: VAH - 6257, POC - 6249, VAL - 6241

TARGET NIFTY
Buy Nifty Future above 6257 - 6265 - 6285 - 6305 SL - 6241
Sell Nifty Future below 6236 - 6228 - 6207 - 6185 SL - 6250

BANKNIFTY TECHNICAL
Current Spot: 11211.30
Pivot: 11232
5DEMA: 11129
10DEMA: 11052
20DEMA: 10988
50DEMA: 10662
RSI (14 days): 57.61
Parabolic SAR: 10623
Supports: 11154 - 11096 - 11017
Resistance: 11290 - 11368 - 11426
Bank Nifty Future VIX Range: 11085 - 11535
Bank Nifty Future VWAP: 11321.82
MP Values Bank Nifty Future: VAH - 11358, POC - 11323, VAL - 11288

TARGET BANKNIFTY
Buy BankNifty Future above 11324 - 11375 - 11450 - 11515 SL - 11287
Sell BankNifty Future below 11285 - 11245 - 11185 - 11105 SL - 11323

INTRADAY TRADE
Reliance: Buy above 864 for targets of 868, 875 SL 857
Reliance: Sell below 855 for targets of 851, 845 SL 862
Mcleodruss: Buy above 303 for targets of 306, 312 SL 297
Jindalstel: Buy above 279 for targets of 282, 289 SL 275

SCORE SHEET
Orientbank: Buy above 193 for targets of 194.5, 197 SL 190: Call not Active
Jindalstel: Buy above 270 for targets of 273, 278 SL 266: Target 283.65 done

POSITIONAL TRADE
Thermax: Buy above 687 for target of 710 SL 672 (2-3 Days)
Hoteleela: Buy above 15.8 for target of 16.9 SL 15.6 (1 Week)

Thanks and Regards

MarketPulse S&P

0 comments:

Post a Comment

Please leave your comments here...