Nifty closed down 2.45 points (0.05%) at 5285.00 while Nifty Future closed at 5288.95, premium of 3.95 points.
Bank Nifty closed down 109.65 points (1.24%) at 8760.85 while Future closed at 8747.20, a discount of 13.65 points.
FII sold in Cash (Net sell 1120.43 Crore)
FII bought in stock future, index option but sold in index future (Net buy 783.99 Crore)
DII bought in Cash (Net buy 506.78 Crore)
Most Active Nifty Call Option: 5200 and 5300.
Most Active Nifty Put Options: 5200 and 5100.
Advance Decline for the day was 417:885.
McClellan's oscillator for NSE at -1.
NIFTY TECHNICAL
Current Spot: 5285.00
Pivot: 5241
5DEMA: 5360
10DEMA: 5425
20DEMA: 5530
50DEMA: 5698
RSI (14 days): 32.78
Parabolic SAR: 5561
Supports: 5163 - 5042- 4964
Resistance: 5362 - 5439 - 5561
Nifty Future VIX Range: 5188 - 5358
Nifty Future VWAP: 5204.00
MP Values Nifty Future: VAH - 5222, POC - 5171, VAL – 5120
TARGET NIFTY
Buy Nifty Future above 5293 - 5340 - 5400 - 5490 SL - 5237
Sell Nifty Future below 5231 - 5185 - 5125 - 5050 SL - 5249
BANKNIFTY TECHNICAL
Current Spot: 8760.85
Pivot: 8666
5DEMA: 9062
10DEMA: 9271
20DEMA: 9634
50DEMA: 10465
RSI (14 days): 26.61
Parabolic SAR: 9592
Supports: 8462 - 8163 - 7959
Resistance: 8965 - 9169 - 9468
Bank Nifty Future VIX Range: 8523 - 8947
Bank Nifty Future VWAP: 8601.41
MP Values Bank Nifty Future: VAH - 8714, POC - 8581, VAL - 8448
TARGET BANKNIFTY
Buy BankNifty Future above 8755 - 8850 - 9000 - 9200 SL - 8646
Sell BankNifty Future below 8637 - 8550 - 8400 - 8200 SL - 8715
INTRADAY TRADE
Reliance: Buy above 814 for targets of 821, 835 SL 796
Reliance: Sell below 794 for targets of 785, 770 SL 801
Wipro: Buy above 473 for targets of 476, 483 SL 467
Cairn: Buy above 327 for targets of 330, 336 SL 322
SCORE SHEET
Infy: Sell below 3039 for targets of 3018, 3000 SL 3065: Call not Active
Justdial: Buy above 684 for targets of 692, 705 SL 672: Call not Active
POSITIONAL TRADE
Star: Buy above 891 for target of 925 SL 873 (2-3 Days)
Sail: Buy above 48 for target of 53 SL 46 (1 Week)
Thanks and Regards
S&P Wealth Creators