- FII sold in Cash (Net sell 657.23 Crore)
- FII sold in index futures and index options but bought in stock futures (Net sell 221.61 Crore)
- DII bought in Cash (Net buy 721.15 Crore)
- US market ended in Deep RED.
- Global cues are Negative.
- SGX nifty is Negative (-117) as of now.
- Most Active Nifty May Call Option: 5100 and 5000.
- Most Active Nifty May Put Options: 4900 and 5000.
- Advance Decline for the day was 485:810
Pivot: 4951
3DEMA: 4974
7DEMA: 5032
20DEMA: 5120
100DEMA: 5080
RSI (7 days): 29.77
Parabolic SAR: 5116
Supports: 4921 - 4895
Resistance: 4977 - 5007
MP Values Futures: VAH - 4950, POC - 4944, VAL - 4928
Over all view
On 20th May, almost all the indicators were flat. MFI, RSI, MACD & Stochastic are almost touching over-sold region. Was this the lull before the storm.
4868 will be critical for nifty future today on the downside, if 4868 is not proteted, nifty can crack even upto 4735, 4719 today. Reversal from 4868 will take nifty future to 4915. Resistance for the day is placed at 4945, 4970.
Target Nifty
Buy Nifty above 4948 - 4971 - 5004 - 5033 SL - 4942
Sell Nifty below 4934 - 4914 - 4885 - 4853 SL - 4947
Stock Ideas for the Day
Reliance Industries: Buy above 1007 for targets of 1010, 1019, 1027 SL of 1000
Reliance Industries: Sell below 995 for targets of 991, 985, 975 SL of 1005
Indusind Bank: Buy above 198 for target of 208, 220 SL 194
Tube Investment: Buy above 114.5 for target of 117, 120 SL 122
Positional Call
Zydus Wellness: Buy above 446 for target of 484 SL 432 (One Week)
Sterlite Tech: Buy above 103.5 for target of 110 SL 101 (One Week)
Use strict STOP LOSS in each and every trade in this kind of volatile market and Trade at your own risk.
Thanks and Regards
S&P Wealth Creators
Call 09831497250 or mail us @ S&P Wealth Creators with your Name and Mobile No. for subscription offer of intraday calls during Market hours.
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