Sunday, November 18, 2012

Market outlook for 19/11/2012

Nifty closed down 56.95 points (1.01%) at 5574.05 while Nifty Future closed at 5580.55, premium of 6.50 points.
Bank Nifty closed down 185.90 points (1.61%) at 11335.50 while Future closed at 11360.05, premium of 24.55 points.
  • FII bought in Cash (Net buy 509.71 Crore)
  • FII bought in index option, stock future but sold in index future (Net buy 920.42 Crore)
  • DII sold in Cash (Net sell 374.72 Crore)
  • Most Active Nifty Call Option: 5700 and 5800.
  • Most Active Nifty Put Options: 5600 and 5500.
  • Advance Decline for the day was 483:1021.
NIFTY TECHNICAL
Current Spot: 5574.05
Pivot: 5595
5DEMA: 5638
10DEMA: 5661
20DEMA: 5668
50DEMA: 5616
RSI (14 days): 39.50
Parabolic SAR: 5308
Supports: 5539 - 5504 - 5449
Resistance: 5630 - 5685 - 5720
Nifty Future VIX Range: 5539 - 5622
Nifty Future VWAP: 5624.26
MP Values Nifty Future: VAH - 5640, POC - 5602, VAL - 5569

TARGET NIFTY
Buy Nifty Future above 5603 - 5635 - 5690 - 5730 SL - 5585
Sell Nifty Future below 5569 - 5547 - 5515 - 5455 SL - 5602

BANKNIFTY TECHNICAL
Current Spot: 11335.50
Pivot: 11393
5DEMA: 11469
10DEMA: 11486
20DEMA: 11457
50DEMA: 11225
RSI (14 days): 46.68
Parabolic SAR: 11719
Supports: 11249 - 11162 - 11018
Resistance: 11480 - 11624 - 11711
Bank Nifty Future VIX Range: 11231 - 11489
Bank Nifty Future VWAP: 11467.18
MP Values Bank Nifty Future: VAH - 11490, POC - 11411, VAL - 11332

TARGET BANKNIFTY
Buy BankNifty Future above 11415 - 11500 - 11660 - 11760 SL - 11395
Sell BankNifty Future below 11332 - 11270 - 11175 - 11020 SL - 11412

INTRADAY TRADE
Reliance Industries: Buy above 783 for targets of 786, 791, 799 SL 778
Reliance Industries: Sell below 771 for targets of 768, 763, 754 SL 782
Rushil: Buy above 306 for targets of 310, 317 SL 300
Apollohosp: Buy above 840 for targets of 850, 865 SL 827

SCORE SHEET
Adanient: Buy above 237 for targets of 240, 245 SL 233: Target 241.70 done
TataGlobal: Buy above 180 for targets of 182, 186 SL 177: Target 181.40 done

POSITIONAL TRADE
Hathway: Buy above 268 for target of 284 SL 263 (2-3 Days)
Bbtc: Buy above 127 for target of 145 SL 124 (1 Week)

Thanks and Regards

S&P Wealth Creators

2 comments:

  1. Respected Sanjay ji I have asked this particular question to many blog but no proper reply or no reply pls guide me
    Sir I have doubt at what level market changes from buy on dips to sell on rise
    I hope you will guide me

    Thank you

    ReplyDelete
    Replies
    1. @Chetan,

      My way of working is different, I rely on MP values for trend, if Nifty is trading below Weekly POC, its sell on rise for me and similarly if it is above POC, I buy till POC is not given away.

      Delete

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