Tuesday, May 27, 2014

Market outlook for 28/05/2014

Nifty closed down 41.05 points (0.56%) at 7318.00 while Future closed at 7320.10, premium of 2.10 points.
Bank Nifty closed down 91.90 points (0.61%) at 15084.00 while Future closed at 15098.60, premium of 14.60 points.
  • FII sold in Cash (Net sell 202.61 Crore)
  • FII sold in index option, stock future but bought in index future (Net sell 1270.26 Crore)
  • DII sold in Cash (Net buy 95.63 Crore)
  • Most Active Nifty Call Option: 7300 and 7400.
  • Most Active Nifty Put Options: 7300 and 7200.
  • Advance Decline for the day was 593:977.
  • McClellan's oscillator for NSE at +31.
NIFTY TECHNICAL
Current Spot: 7318.00
Pivot: 7322
5DEMA: 7309
10DEMA: 7233
20DEMA: 7094
50DEMA: 6855
RSI (14 days): 75.97
Parabolic SAR: 7124
Supports: 7271 - 7224 - 7173
Resistance: 7369 - 7420 - 7467
Nifty Future VIX Range: 7246 - 7381
Nifty Future VWAP: 7317.48
MP Values Nifty Future: VAH - 7336, POC - 7319, VAL - 7302

TARGET NIFTY
Buy Nifty Future above 7336 - 7360 - 7395 - 7440 SL - 7317
Sell Nifty Future below 7309 - 7285 - 7245 - 7205 SL - 7335

BANKNIFTY TECHNICAL
Current Spot: 15084.00
Pivot: 15059
5DEMA: 15081
10DEMA: 14828
20DEMA: 14307
50DEMA: 13324
RSI (14 days): 75.19
Parabolic SAR: 15742
Supports: 14960 - 14836 - 14736
Resistance: 15183 - 15283 - 15407
Bank Nifty Future VIX Range: 14819 - 15331
Bank Nifty Future VWAP: 15058.40
MP Values Bank Nifty Future: VAH - 15126, POC - 15068, VAL - 15010

TARGET BANKNIFTY
Buy BankNifty Future above 15126 - 15210 - 15330 - 15480 SL - 15068
Sell BankNifty Future below 15058 - 14970 - 14845 - 14705 SL - 15105

INTRADAY TRADE
Jindalstel: Buy above 318 for targets of 322, 330 SL 313
Polaris: Buy above 223 for targets of 226, 235 SL 217

SCORE SHEET
Sslt: Buy above 280 for targets of 283, 288 SL 276: Call not Active
Marico: Buy above 244 for targets of 247, 253 SL 241: Target 248.60 done

POSITIONAL TRADE
Aban: Buy above 699 for target of 735 SL 677 (2-3 Days)
Siticable: Buy above 22.9 for target of 25 SL 22.4 (1 Week)

Thanks and Regards

MarketPulse S&P

0 comments:

Post a Comment

Please leave your comments here...