Monday, March 5, 2012

Market outlook for 06/03/12

Nifty closed down 79.05 points (1.47%) at 5280.35 while Nifty Future closed at 5318.55, premium of 38.20 points.
Bank Nifty closed down 271.40 points (2.60%) at 10178.85 while Future closed at 10241.20, premium of 62.35 points.
  • FII bought in Cash (Net buy 125.50 Crore)
  • FII sold in index option, stock future but bought in index future (Net sell 597.80 Crore)
  • DII sold in Cash (Net sell 258.33 Crore)
  • Most Active Nifty Call Option: 5500 and 5600.
  • Most Active Nifty Put Options: 5300 and 5200.
  • Advance Decline for the day was 412:979.
NIFTY TECHNICAL
Current Spot: 5280.35
Pivot: 5297
5DEMA: 5338
10DEMA: 5368
20DEMA: 5355
50DEMA: 5218
RSI (14 days): 46.50
Parabolic SAR: 5505
Supports: 5249 - 5218 - 5170
Resistance: 5328 - 5375 - 5407
CAM Support: 5273 - 5266 - 5259 - 5237
CAM Resistance: 5288 - 5295 - 5302 - 5324
NF VIX Range: 5256 - 5381
Nifty Future VWAP: 5324.94
MP Values Nifty Future: VAH - 5335, POC - 5318, VAL - 5301

TARGET NIFTY
Buy Nifty Future above 5334 - 5363 - 5410 - 5445 SL - 5318
Sell Nifty Future below 5311 - 5286 - 5251 - 5210 SL - 5333

BANKNIFTY TECHNICAL
Current Spot: 10178.85
Pivot: 10246
5DEMA: 10346
10DEMA: 10418
20DEMA: 10364
50DEMA: 9908
RSI (14 days): 47.97
Parabolic SAR: 10713
Supports: 10085 - 9991 - 9830
Resistance: 10340 - 10501 - 10595
CAM Support: 10155 - 10132 - 10109 - 10039
CAM Resistance: 10202 - 10226 - 10249 - 10319
Bank Nifty VIX Range: 10038 - 10445
Bank Nifty Future VWAP: 10281.31
MP Values Bank Nifty Future: VAH - 10324, POC - 10255, VAL - 10201

TARGET BANKNIFTY
Buy BankNifty Future above 10320 - 10410 - 10600 - 11710 SL - 10279
Sell BankNifty Future below 10226 - 10135 - 10030 - 9850 SL - 10317

INTRADAY TRADE
Reliance Industries: Buy above 806 for targets of 808, 813, 822 SL 800
Reliance Industries: Sell below 794 for targets of 792, 787, 778 SL 804
RelInfra: Buy above 660 for targets of 670, 685 SL 651
Gravita: Buy above 810 for targets of 817, 830 SL 794

SCORE SHEET
Timken: Buy above 236 for targets of 239, 245 SL 231: Target 253.90 achieved
Ambujacem: Buy above 169 for targets of 170, 172 SL 167: Call not activated

POSITIONAL TRADE
TataMotors: Buy above 275 for target of 288 SL 271 (2-3 Days)
RPower: Buy above 136 for target of 145 SL 134 (1 Week)

Thanks and Regards

S&P Wealth Creators

1 comment:

  1. Dear Sanjay,
    I used to read your "Inference" write ups.. which are very nice and useful too.It is nothing but the reflection of your grown confidence as well as mastery in this subject.Congrats....

    ReplyDelete

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