Tuesday, January 24, 2012

Market outlook for 25/01/12

Nifty closed up 81.10 points (1.61%) at 5127.35 while Nifty Future closed at 5120.45, discount of 6.90 points.
Bank Nifty closed up 313.70 points (3.30%) at 9834.00 while Future closed at 9837.00, premium of 3.00 points.
  • FII bought huge in Cash (Net buy 801.29 Crore)
  • FII bought in index future, stock future but sold in index option (Net buy 508.81 Crore)
  • DII sold in Cash (Net sell 262.65 Crore)
  • US market are trading flat to negative.
  • Global cues are flat.
  • SGX nifty is flat as of now.
  • Most Active Nifty Call Option: 5100 and 5200.
  • Most Active Nifty Put Options: 5100 and 5000.
  • Advance Decline for the day was 891:556.
NIFTY TECHNICAL
Current Spot: 5127.35
Pivot: 5106
5DEMA: 5044
10DEMA: 4976
20DEMA: 4901
50DEMA: 4885
RSI (14 days): 72.53
Parabolic SAR: 4945
Supports: 5071 - 5015 - 4980
Resistance: 5162 - 5197 - 5254
CAM Support: 5119 - 5111 - 5102 - 5077
CAM Resistance: 5136 - 5144 - 5152 - 5178
NF VIX Range: 5057 - 5184
Nifty Future VWAP: 5106.13
MP Values Nifty Future: VAH - 5149, POC - 5132, VAL - 5086

TARGET NIFTY
Buy Nifty Future above 5124 - 5160 - 5205 - 5260 SL - 5103
Sell Nifty Future below 5099 - 5065 - 5010 - 4965 SL - 5119

BANKNIFTY TECHNICAL
Current Spot: 9834.00
Pivot: 9725
5DEMA: 9481
10DEMA: 9229
20DEMA: 8955
50DEMA: 8857
RSI (14 days): 78.36
Parabolic SAR: 9232
Supports: 9565 - 9296 - 9136
Resistance: 9994 - 10154 - 10423
CAM Support: 9795 - 9755 - 9716 - 9598
CAM Resistance: 9873 - 9913 - 9952 - 10070
Bank Nifty VIX Range: 9645 - 10029
Bank Nifty Future VWAP: 9734.45
MP Values Bank Nifty Future: VAH - 9918, POC - 9850, VAL - 9666

TARGET BANKNIFTY
Buy BankNifty Future above 9844 - 10000 - 10190 - 10440 SL - 9734
Sell BankNifty Future below 9724 - 9564 - 9290 - 9120 SL - 9770

INTRADAY TRADE
Reliance Industries: Buy above 786 for targets of 790, 796, 808 SL 780
Reliance Industries: Sell below 778 for targets of 774, 768, 756 SL 784
Lichsgfin: Buy above 260 for targets of 263, 270 SL 251
Relcapital: Buy above 340 for targets of 344, 352 SL 336

SCORE SHEET
Bhel: Buy above 284 for targets of 286, 290 SL 280: Target 287.15 achieved
Bhartiartl: Buy above 353 for targets of 357, 363 SL 348: Target 361.60 achieved

POSITIONAL TRADE
Irb: Buy above 174 for target of 184 SL 168 (2-3 Days)
Hinddorrol: Buy above 34.4 for target of 37 SL 33.6 (1 Week)

Thanks and Regards

S&P Wealth Creators

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