Nifty closed up 24.10 points (0.44%) at 5556.15 while Nifty Future closed at 5562.70, premium of 6.55 points.
Bank Nifty closed up 18.80 points (0.17%) at 10873.45 while Future closed at 10880.10, premium of 6.65 points.
NIFTY TECHNICAL
Current Spot: 5556.15
Pivot: 5545
5DEMA: 5537
10DEMA: 5518
20DEMA: 5522
50DEMA: 5560
RSI (15 days): 51.48
Parabolic SAR: 5435
Supports: 5519 - 5482 - 5457
Resistance: 5582 - 5507 - 5644
DeMark’s: 5532 - 5594
Nifty Future VWAP: 5548.37
MP Values Futures: VAH - 5577, POC - 5560, VAL - 5538
TARGET NIFTY
Buy Nifty Future above 5567 - 5588 - 5616 - 5657 SL - 5540
Sell Nifty Future below 5539 - 5524 - 5483 - 5455 SL - 5552
BANKNIFTY TECHNICAL
Current Spot: 10873.45
Pivot: 10863
5DEMA: 10848
10DEMA: 10811
20DEMA: 10841
50DEMA: 10981
RSI (15 days): 49.27
Parabolic SAR: 10599
Supports: 10807 - 10741 - 10685
Resistance: 10929 - 10985 - 11051
DeMark’s: 10835 - 10957
Bank Nifty Future VWAP: 10873.92
MP Values Bank Nifty Futures: VAH - 10899, POC - 10866, VAL - 10833
TARGET BANKNIFTY
Buy BankNifty Future above 10888 - 10945 - 11015 - 11110 SL - 10850
Sell BankNifty Future below 10839 - 10791 - 10695 - 10626 SL - 10860
INTRADAY TRADE
Reliance Industries: Buy above 961 for targets of 963, 970, 980 SL 948
Reliance Industries: Sell below 946 for targets of 943, 933, 920 SL 953
BajajFinsv: Buy above 548 for targets of 554, 563 SL 535
Havells: Buy above 429 for targets of 433, 440 SL 421
SCORE SHEET
Raymond: Buy above 381 for targets of 385, 393 SL 371: Target 382.55 achieved
Aanjameya: Buy above 380 for targets of 384, 392 SL 369: SL Hit
POSITIONAL TRADE
Auropharma: Buy above 182 for target of 195 SL 178 (One Week)
Deltacorp: Buy above 96 for target of 105 SL 92 (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
Bank Nifty closed up 18.80 points (0.17%) at 10873.45 while Future closed at 10880.10, premium of 6.65 points.
- FII bought in Cash (Net buy 112.70 Crore)
- FII bought in index future and index option but sold in stock future (Net buy 317.63 Crore)
- DII bought in Cash (Net buy 31.29 Crore)
- US futures are trading flat to positive.
- Global cues are flat.
- SGX nifty is flat as of now.
- Most Active Nifty May Call Option: 5500 and 5600.
- Most Active Nifty May Put Options: 5500 and 5400.
- Advance Decline for the day was 818:565.
NIFTY TECHNICAL
Pivot: 5545
5DEMA: 5537
10DEMA: 5518
20DEMA: 5522
50DEMA: 5560
RSI (15 days): 51.48
Parabolic SAR: 5435
Supports: 5519 - 5482 - 5457
Resistance: 5582 - 5507 - 5644
DeMark’s: 5532 - 5594
MP Values Futures: VAH - 5577, POC - 5560, VAL - 5538
TARGET NIFTY
Buy Nifty Future above 5567 - 5588 - 5616 - 5657 SL - 5540
Sell Nifty Future below 5539 - 5524 - 5483 - 5455 SL - 5552
BANKNIFTY TECHNICAL
Pivot: 10863
5DEMA: 10848
10DEMA: 10811
20DEMA: 10841
50DEMA: 10981
RSI (15 days): 49.27
Parabolic SAR: 10599
Supports: 10807 - 10741 - 10685
Resistance: 10929 - 10985 - 11051
DeMark’s: 10835 - 10957
MP Values Bank Nifty Futures: VAH - 10899, POC - 10866, VAL - 10833
TARGET BANKNIFTY
Buy BankNifty Future above 10888 - 10945 - 11015 - 11110 SL - 10850
Sell BankNifty Future below 10839 - 10791 - 10695 - 10626 SL - 10860
INTRADAY TRADE
Reliance Industries: Buy above 961 for targets of 963, 970, 980 SL 948
Reliance Industries: Sell below 946 for targets of 943, 933, 920 SL 953
BajajFinsv: Buy above 548 for targets of 554, 563 SL 535
Havells: Buy above 429 for targets of 433, 440 SL 421
SCORE SHEET
Raymond: Buy above 381 for targets of 385, 393 SL 371: Target 382.55 achieved
Aanjameya: Buy above 380 for targets of 384, 392 SL 369: SL Hit
POSITIONAL TRADE
Auropharma: Buy above 182 for target of 195 SL 178 (One Week)
Deltacorp: Buy above 96 for target of 105 SL 92 (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
