Nifty closed up 55.35 points (1.01%) at 5526.60 while Nifty Future closed at 5534.20, premium of 7.60 points.
Bank Nifty closed up 178.00 points (1.64%) at 11032.50 while Future closed at 11059.75, premium of 27.25 points.
Current Spot: 5526.60
Pivot: 5505
5DEMA: 5422
10DEMA: 5409
20DEMA: 5434
50DEMA: 5514
RSI (15 days): 55.36
Parabolic SAR: 5203
Supports: 5456 - 5386 - 5338
Resistance: 5575 - 5623 - 5693
DeMark’s: 5480 - 5599
Nifty Future VWAP: 5524.98
MP Values Futures: VAH - 5552, POC - 5529, VAL - 5506
TARGET NIFTY
Buy Nifty Future above 5538 - 5578 - 5624 - 5692 SL - 5509
Sell Nifty Future below 5504 - 5469 - 5401 - 5354 SL - 5522
BANKNIFTY TECHNICAL
Current Spot: 11032.50
Pivot: 10958
5DEMA: 10767
10DEMA: 10705
20DEMA: 10719
50DEMA: 10905
RSI (15 days): 59.03
Parabolic SAR: 10355
Supports: 10848 - 10664 - 10554
Resistance: 11143 - 11253 - 11437
DeMark’s: 10903 - 11198
Bank Nifty Future VWAP: 10986.45
MP Values Bank Nifty Futures: VAH - 11041, POC - 10953, VAL - 10865
TARGET BANKNIFTY
Buy BankNifty Future above 11068 - 11160 - 11266 - 11444 SL - 10982
Sell BankNifty Future below 10971 - 10887 - 10709 - 10603 SL - 11002
INTRADAY TRADE
Reliance Industries: Buy above 876 for targets of 879, 885, 893 SL 870
Reliance Industries: Sell below 867 for targets of 864, 859, 851 SL 874
Exideind: Buy above 163 for targets of 165, 168 SL 159
Yesbank: Buy above 315 for targets of 318, 325 SL 309
SCORE SHEET
Varun: Buy above 194 for targets of 197, 202 SL 187: Target 199.50 achieved
JetAirways: Buy above 472 for targets of 477, 485 SL 459: Target 489.70 achieved
POSITIONAL TRADE
Aanjaneya: Buy above 392 for target of 419 SL 387 (One Week)
Candc: Buy above 113 for target of 127 SL 107 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 178.00 points (1.64%) at 11032.50 while Future closed at 11059.75, premium of 27.25 points.
- FII bought in Cash (Net buy 1447.42 Crore)
- FII bought in index option but sold index future, stock future (Net buy 3.67 Crore)
- DII sold in Cash (Net sell 766.38 Crore)
- US futures are trading 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 874:531.
Pivot: 5505
5DEMA: 5422
10DEMA: 5409
20DEMA: 5434
50DEMA: 5514
RSI (15 days): 55.36
Parabolic SAR: 5203
Supports: 5456 - 5386 - 5338
Resistance: 5575 - 5623 - 5693
DeMark’s: 5480 - 5599
MP Values Futures: VAH - 5552, POC - 5529, VAL - 5506
TARGET NIFTY
Buy Nifty Future above 5538 - 5578 - 5624 - 5692 SL - 5509
Sell Nifty Future below 5504 - 5469 - 5401 - 5354 SL - 5522
BANKNIFTY TECHNICAL
Pivot: 10958
5DEMA: 10767
10DEMA: 10705
20DEMA: 10719
50DEMA: 10905
RSI (15 days): 59.03
Parabolic SAR: 10355
Supports: 10848 - 10664 - 10554
Resistance: 11143 - 11253 - 11437
DeMark’s: 10903 - 11198
MP Values Bank Nifty Futures: VAH - 11041, POC - 10953, VAL - 10865
TARGET BANKNIFTY
Buy BankNifty Future above 11068 - 11160 - 11266 - 11444 SL - 10982
Sell BankNifty Future below 10971 - 10887 - 10709 - 10603 SL - 11002
INTRADAY TRADE
Reliance Industries: Buy above 876 for targets of 879, 885, 893 SL 870
Reliance Industries: Sell below 867 for targets of 864, 859, 851 SL 874
Exideind: Buy above 163 for targets of 165, 168 SL 159
Yesbank: Buy above 315 for targets of 318, 325 SL 309
SCORE SHEET
Varun: Buy above 194 for targets of 197, 202 SL 187: Target 199.50 achieved
JetAirways: Buy above 472 for targets of 477, 485 SL 459: Target 489.70 achieved
POSITIONAL TRADE
Aanjaneya: Buy above 392 for target of 419 SL 387 (One Week)
Candc: Buy above 113 for target of 127 SL 107 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
