Sunday, May 27, 2012

Market outlook for 28/05/2012

Nifty closed down 1.00 points (0.02%) at 4920.40 while Nifty Future closed at 4918.85, discount of 1.55 points.
Bank Nifty closed up 18.70 points (0.20%) at 9456.30 while Future closed at 9416.65, discount of 39.65 points.
  • FII sold in Cash (Net sell 623.76 Crore)
  • FII bought in index option, stock future but sold in index future (Net buy 661.13 Crore)
  • DII bought in Cash (Net buy 434.65 Crore)
  • Most Active Nifty Call Option: 4900 and 5000.
  • Most Active Nifty Put Options: 4900 and 4800.
  • Advance Decline for the day was 823:593.
NIFTY TECHNICAL
Current Spot: 4920.40
Pivot: 4915
5DEMA: 4899
10DEMA: 4915
20DEMA: 4980
50DEMA: 5103
RSI (14 days): 40.13
Parabolic SAR: 4799
Supports: 4895 - 4869 - 4848
Resistance: 4941 - 4962 - 4987
CAM Support: 4916 - 4912 - 4908 - 4895
CAM Resistance: 4925 - 4929 - 4933 - 4945
NF VIX Range: 4865 - 4973
Nifty Future VWAP: 4906.72
MP Values Nifty Future: VAH - 4933, POC - 4916, VAL - 4898

TARGET NIFTY
Buy Nifty Future above 4923 - 4940 - 4963 - 4995 SL - 4907
Sell Nifty Future below 4902 - 4889 - 4860 - 4835 SL - 4916

BANKNIFTY TECHNICAL
Current Spot: 9456.30
Pivot: 9442
5DEMA: 9371
10DEMA: 9389
20DEMA: 9547
50DEMA: 9848
RSI (14 days): 43.58
Parabolic SAR: 9065
Supports: 9386 - 9316 - 9261
Resistance: 9512 - 9567 - 9637
CAM Support: 9445 - 9433 - 9422 - 9387
CAM Resistance: 9468 - 9479 - 9491 - 9525
Bank Nifty VIX Range: 9268 - 9565
Bank Nifty Future VWAP: 9393.67
MP Values Bank Nifty Future: VAH - 9465, POC - 9423, VAL - 9370

TARGET BANKNIFTY
Buy BankNifty Future above 9424 - 9480 - 9540 - 9635 SL - 9391
Sell BankNifty Future below 9383 - 9335 - 9250 - 9185 SL - 9417

INTRADAY TRADE
Reliance Industries: Buy above 695 for targets of 697, 700, 705 SL 690
Reliance Industries: Sell below 688 for targets of 686, 683, 678 SL 693
Marico: Buy above 178.5 for targets of 180, 183 SL 175.5
Adanient: Buy above 260 for targets of 264, 270 SL 255

SCORE SHEET
Pantaloonr: Buy above 153 for targets of 156, 161 SL 147: Call Not Active
RelInfra: Buy above 457 for targets of 462, 470 SL 447: Target 472.00 Achieved

POSITIONAL TRADE
Jublfood: Buy above 1250 for target of 1310 SL 1219 (2-3 Days)
Voltas: Buy above 102 for target of 111 SL 98 (1 Week)

Thanks and Regards

S&P Wealth Creators

3 comments:

  1. Hi Sanjay sir - Good Morning

    Even i have asked this query to ilango sir - but still i have not received any reply so
    Can you please explain the importance of open interest
    in F/O Trading and Please the very Important
    tell me how to read the open interest in the live market
    and What conclusion can be made
    if we see an abnormal increase or decrease
    in open interest of a particular Stock or index - please explain me with an example
    i will be very great full to u sir thanks - Girish girish.s.powar@gmail.com

    ReplyDelete
    Replies
    1. Dear GP,

      Normally what we decipher from OI is that with increase in price if OI increase, we take it as long build-up, as in the case of SBI Future you can see that OI has increased with increase in price and if you u tracked it, you could have gone long and earned good.

      Thanks

      Delete
    2. Gm Sir - Thanks for the reply

      Delete

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