Tuesday, February 7, 2012

Market outlook for 08/02/12

Nifty closed down 26.50 points (0.49%) at 5335.15 while Nifty Future closed at 5355.20, premium of 20.05 points.
Bank Nifty closed up 55.35 points (0.54%) at 10324.60 while Future closed at 10330.60, premium of 6.00 points.
  • FII bought in Cash (Net buy 618.84 Crore)
  • FII bought in index future but sold in stock future, index option (Net buy 514.05 Crore)
  • DII sold in Cash (Net sell 854.46 Crore)
  • US market is trading flat to negative.
  • Global cues are flat to negative.
  • SGX nifty is flat as of now.
  • Most Active Nifty Call Option: 5400 and 5500.
  • Most Active Nifty Put Options: 5300 and 5200.
  • Advance Decline for the day was 525:934.
NIFTY TECHNICAL
Current Spot: 5335.15
Pivot: 5357
5DEMA: 5301
10DEMA: 5229
20DEMA: 5115
50DEMA: 5006
RSI (14 days): 71.36
Parabolic SAR: 5262
Supports: 5301 - 5267 - 5211
Resistance: 5391 - 5448 - 5482
CAM Support: 5327 - 5319 - 5310 - 5285
CAM Resistance: 5343 - 5352 - 5360 - 5385
NF VIX Range: 5291 - 5420
Nifty Future VWAP: 5378.15
MP Values Nifty Future: VAH - 5398, POC - 5379, VAL - 5360

TARGET NIFTY
Buy Nifty Future above 5374 - 5397 - 5440 - 5470 SL - 5357
Sell Nifty Future below 5347 - 5328 - 5298 - 5255 SL - 5373

BANKNIFTY TECHNICAL
Current Spot: 10324.60
Pivot: 10338
5DEMA: 10148
10DEMA: 9940
20DEMA: 9593
50DEMA: 9215
RSI (14 days): 76.56
Parabolic SAR: 9996
Supports: 10247 - 10169 - 10077
Resistance: 10416 - 10508 - 10586
CAM Support: 10309 - 10294 - 10278 - 10231
CAM Resistance: 10340 - 10356 - 10371 - 10418
Bank Nifty VIX Range: 10137 - 10524
Bank Nifty Future VWAP: 10342.47
MP Values Bank Nifty Future: VAH - 10415, POC - 10360, VAL - 10305

TARGET BANKNIFTY
Buy BankNifty Future above 10346 - 10430 - 10540 - 10630 SL - 10319
Sell BankNifty Future below 10315 - 10237 - 10140 - 10040 SL - 10345

INTRADAY TRADE
Reliance Industries: Buy above 847 for targets of 851, 857, 869 SL 841
Reliance Industries: Sell below 840 for targets of 836, 830, 819 SL 846
Niittech: Buy above 233 for targets of 237, 246 SL 225
Advanta: Buy above 334 for targets of 340, 350 SL 329

SCORE SHEET
Ambujacem: Buy above 181 for targets of 183, 186 SL 178.5: Call not activated
JetAirways: Buy above 300 for targets of 304, 312 SL 294: Target 352.00 achieved

POSITIONAL TRADE
Pantaloonr: Buy above 194 for target of 207 SL 186 (2-3 Days)
KtkBank: Buy above 104 for target of 112 SL 101 (1 Week)

Thanks and Regards

S&P Wealth Creators

2 comments:

  1. Sanjay Kindly Put Bank Nifty Yearly Profile Figures as well.

    ReplyDelete
    Replies
    1. Will do it on weekend. Please bear with me.

      Regards

      Delete

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