Sunday, December 8, 2013

Market outlook for 09/12/2013

Nifty closed up 18.80 points (0.30%) at 6259.90 while Nifty Future closed at 6303.75, premium of 43.85 points.
Bank Nifty closed up 55.10 points (0.47%) at 11720.20 while Future closed at 11811.40, premium of 91.20 points.
  • FII bought in Cash (Net buy 863.77 Crore)
  • FII sold in index future, index option and in stock future (Net sell 1106.15 Crore)
  • DII sold in Cash (Net sell 743.93 Crore)
  • Most Active Nifty Call Option: 6400 and 6500.
  • Most Active Nifty Put Options: 6100 and 6000.
  • Advance Decline for the day was 728:626.
  • McClellan's oscillator for NSE at +7.
NIFTY TECHNICAL
Current Spot: 6259.90
Pivot: 6255
5DEMA: 6213
10DEMA: 6178
20DEMA: 6151
50DEMA: 6080
RSI (14 days): 59.77
Parabolic SAR: 6002
Supports: 6235 - 6211 - 6191
Resistance: 6280 - 6300 - 6325
Nifty Future VIX Range: 6249 - 6391
Nifty Future VWAP: 6293.27
MP Values Nifty Future: VAH - 6305, POC - 6294, VAL - 6283

TARGET NIFTY
Buy Nifty Future above 6308 - 6320 - 6245 - 6380 SL - 6293
Sell Nifty Future below 6283 - 6270 - 6248 - 6225 SL - 6306

BANKNIFTY TECHNICAL
Current Spot: 11720.20
Pivot: 11690
5DEMA: 11449
10DEMA: 11278
20DEMA: 11132
50DEMA: 10864
RSI (14 days): 65.47
Parabolic SAR: 10862
Supports: 11610 - 11499 - 11418
Resistance: 11801 - 11881 - 11992
Bank Nifty Future VIX Range: 11610 - 12108
Bank Nifty Future VWAP: 11737.39
MP Values Bank Nifty Future: VAH - 11791, POC - 11739, VAL - 11687

TARGET BANKNIFTY
Buy BankNifty Future above 11820 - 11890 - 11990 - 12105 SL - 11769
Sell BankNifty Future below 11759 - 11690 - 11585 - 11470 SL - 11792

INTRADAY TRADE
Reliance: Buy above 872 for targets of 876, 883 SL 865
Reliance: Sell below 862 for targets of 858, 850 SL 870
BankIndia: Buy above 221 for targets of 223, 228 SL 217
CoalIndia: Buy above 290 for targets of 293, 297 SL 286

SCORE SHEET
Coalindia: Buy above 281 for targets of 284, 289 SL 278: Target 293.00 done
RelInfra: Buy above 439 for targets of 442, 447 SL 436: SL Hit

POSITIONAL TRADE
UcoBank: Buy above 80 for target of 84 SL 78 (2-3 Days)
AdaniPower: Buy above 40.40 for target of 45 SL 39 (1 Week)

Thanks and Regards

MarketPulse S&P

0 comments:

Post a Comment

Please leave your comments here...