Tuesday, April 16, 2013

Market outlook for 17/04/2013

Nifty closed up 120.55 points (2.16%) at 5688.95 while Nifty Future closed at 5696.35, premium of 7.40 points.
Bank Nifty closed up 345.35 points (3.00%) at 11871.60 while Future closed at 11868.95, discount of 2.65 points.
  • FII bought in Cash (Net buy 591.75 Crore)
  • FII bought in index future, index option, stock future (Net buy 1948.11 Crore)
  • DII sold in Cash (Net sell 204.89 Crore)
  • Most Active Nifty Call Option: 5600 and 5700.
  • Most Active Nifty Put Options: 5600 and 5500.
  • Advance Decline for the day was 814:479.
NIFTY TECHNICAL
Current Spot: 5588.95
Pivot: 5648
5DEMA: 5604
10DEMA: 5604
20DEMA: 5646
50DEMA: 5754
RSI (14 days): 51.03
Parabolic SAR: 5477
Supports: 5597 - 5505 - 5453
Resistance: 5740 - 5791 - 5884
Nifty Future VIX Range: 5634 - 5752
Nifty Future VWAP: 5645.62
MP Values Nifty Future: VAH - 5683, POC - 5638, VAL - 5593

TARGET NIFTY
Buy Nifty Future above 5701 - 5730 - 5765 - 5800 SL - 5638
Sell Nifty Future below 5637 - 5610 - 5580 - 5550 SL - 5683

BANKNIFTY TECHNICAL
Current Spot: 11871.60
Pivot: 11764
5DEMA: 11517
10DEMA: 11401
20DEMA: 11427
50DEMA: 11725
RSI (14 days): 60.34
Parabolic SAR: 10909
Supports: 11623 - 11373 - 11232
Resistance: 12013 - 12155 - 12404
Bank Nifty Future VIX Range: 11699 - 12041
Bank Nifty Future VWAP: 11754.66
MP Values Bank Nifty Future: VAH - 11842, POC - 11753, VAL - 11664

TARGET BANKNIFTY
Buy BankNifty Future above 11878 - 11950 - 12050 - 12200 SL - 11753
Sell BankNifty Future below 11746 - 11675 - 11580 - 11430 SL - 11780

INTRADAY TRADE
Reliance: Buy above 807 for targets of 815, 830 SL 798
Reliance: Sell below 797 for targets of 790, 775 SL 803
Ongc: Buy above 333 for targets of 336, 340 SL 328
Adanient: Buy above 221 for targets of 223, 227 SL 217

SCORE SHEET
Relinfra: Buy above 358 for targets of 362, 369 SL 351: Target 369.90 done
Ongc: Buy above 322 for targets of 325, 330 SL 317: Target 332.85 done

POSITIONAL TRADE
RelInfra: Buy above 369 for target of 385 SL 362 (2-3 Days)
Autoind: Buy above 94 for target of 103 SL 89 (1 Week)

Thanks and Regards

S&P Wealth Creators

2 comments:

  1. sir
    In your EOD OI post, I am looking there is some mistake in bar colors, as in first chart call oi bar is red and put oi bar is blue but in second chart call oi change bar becomes blue and put oi change bar is red, so color interchanged.
    if my mistake then forgive me. I could not find where to comment on that blog so posted it here.
    thanks.

    ReplyDelete
    Replies
    1. @anmpatel Sir,

      Thanks, has been corrected...

      Delete

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