Thursday, September 13, 2012

Market outlook for 14/09/2012

Nifty closed up 4.35 points (0.08%) at 5435.35 while Nifty Future closed at 5450.70, premium of 15.35 points.
Bank Nifty closed up 24.35 points (0.24%) at 10207.80 while Future closed at 10225.90, premium of 18.10 points.
  • FII bought in Cash (Net buy 361.48 Crore)
  • FII sold in stock future, index option but bought in index future (Net sell 404.20 Crore)
  • DII sold in Cash (Net sell 156.05 Crore)
  • Most Active Nifty Call Option: 5400 and 5500.
  • Most Active Nifty Put Options: 5400 and 5300.
  • Advance Decline for the day was 597:896.
NIFTY TECHNICAL
Current Spot: 5435.35
Pivot: 5435
5DEMA: 5396
10DEMA: 5363
20DEMA: 5338
50DEMA: 5289
RSI (14 days): 64.55
Parabolic SAR: 5271
Supports: 5422 - 5409 - 5397
Resistance: 5448 - 5460 - 5474
Nifty Future VIX Range: 5410 - 5491
Nifty Future VWAP: 5445.86
MP Values Nifty Future: VAH - 5451, POC - 5446, VAL - 5441

TARGET NIFTY
Buy Nifty Future above 5452 - 5465 - 5480 - 5500 SL - 5440
Sell Nifty Future below 5440 - 5425 - 5410 - 5390 SL - 5450

BANKNIFTY TECHNICAL
Current Spot: 10207.80
Pivot: 10213
5DEMA: 10147
10DEMA: 10120
20DEMA: 10155
50DEMA: 10229
RSI (14 days): 51.10
Parabolic SAR: 9876
Supports: 10166 - 10125 - 10078
Resistance: 10254 - 10301 - 10343
Bank Nifty Future VIX Range: 10122 - 10329
Bank Nifty Future VWAP: 10229.70
MP Values Bank Nifty Future: VAH - 10249, POC - 10229, VAL - 10209

TARGET BANKNIFTY
Buy BankNifty Future above 10249 - 10280 - 10320 - 10380 SL - 10208
Sell BankNifty Future below 10209 - 10170 - 10110 - 10050 SL - 10248

INTRADAY TRADE
Reliance Industries: Buy above 805 for targets of 807, 811, 817 SL 799
Reliance Industries: Sell below 796 for targets of 794, 790, 784 SL 803
Finantech: Buy above 912 for targets of 921, 936 SL 897
Denabank: Buy above 93.8 for targets of 94.5, 96 SL 91.5

SCORE SHEET
Onelifecap: Buy above 705 for targets of 712, 726 SL 688: Target 715.50 done
Niittech: Buy above 316 for targets of 320, 328 SL 308: Target 324.90 done

POSITIONAL TRADE
Arvindrem: Buy above 38.5 for target of 44 SL 36.70 (2-3 Days)
SBIN: Buy above 1868 for target of 1910 SL 1845 (1 Week)

Thanks and Regards

S&P Wealth Creators

2 comments:

  1. Please advise whether volume based PCR or OI based PCR is more relevant to take decisions on Options market. What is the ratio level to be taken to either BUY Call option or BUY Put option. I read somewhere above 1.5 (volume based), it is BUY puts and less than 1.0 it is BUY Calls. Is that correct? I thank you in advance for your help - R Narayanan (Sundar), Chennai

    ReplyDelete

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