Monday, December 27, 2010

Market outlook for 28/12/10

Nifty closed down 13.50 points (0.22%) at 5998.10 while Nifty December Future closed at 6011.85 premium of 13.75 points
Bank Nifty closed down 6.10 points (0.05%) at 11470.95 while December Future closed at 11481.45 premium of 10.50 points.

  • FII bought in Cash (Net buy 246.31 Crore)
  • FII bought in index future, index option but sold in stock future (Net buy 224.28 Crore)
  • DII sold in Cash (Net sell 113.89 Crore)
  • US market is trading negative.
  • Global cues are flat to negative.
  • SGX nifty is flat as of now.
  • Most Active Nifty December Call Option: 6000 and 6100.
  • Most Active Nifty December Put Options: 6000 and 5900.
  • Advance Decline for the day was 666:715

NIFTY TECHNICAL
Current Spot: 5998.10
Pivot: 6012
5DEMA: 5988
10DEMA: 5969
20DEMA: 5961
50DEMA: 5993
RSI (7 days): 58.38
Parabolic SAR: 5762
Supports: 5978 - 5957
Resistance: 6032 - 6066
Nifty Future VWAP: 6032.58
Bank Nifty Future VWAP: 11509.40
MP Values Spot (Price Profile): VAH - 6044, POC - 6036, VAL - 6008
MP Values Futures: VAH - 6040, POC - 6020, VAL - 6006
MP Values Bank Nifty Futures: VAH - 11570, POC - 11532, VAL - 11486

TARGET NIFTY
Buy Nifty Future above 6031 - 6045 - 6081 - 6102 SL - 6024
Sell Nifty Future below 6003 - 5994 - 5972 - 5936 SL - 6030
Buy BankNifty Future above 11509 - 11545 - 11614 - 11665 SL - 11495
Sell BankNifty Future below 11464 - 11437 - 11387 - 11318 SL - 11506

INTRADAY TRADE
Reliance Industries: Buy above 1064 for targets of 1066, 1073, 1081 SL 1056
Reliance Industries: Sell below 1051 for targets of 1049, 1043, 1033 SL 1061
Bomdyeing: Buy above 510 for targets of 516, 524 SL 504
Jindalphot: Buy above 255 for targets of 259, 265 SL 247

SCORE SHEET
Relmedia: Buy above 229 for targets of 232, 236 SL 223: Call not activated
BajajHind: Buy above 118.5 for targets of 120, 123 SL 115.8: Target 122.75 achieved

POSITIONAL TRADE
Edserv: Buy above 170 for target of 186 SL 165 (One Week)
PrajInd: Buy above 80 for target of 86 SL 77 (One Week)

Use strict STOP LOSS in each and every trade in this kind of volatile market and Trade at your own risk.

Thanks and Regards

S&P Wealth Creators

1 comment:

  1. Dear Sanjay,
    Belated Merry Xmas to you and your Team.

    ReplyDelete

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