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2/6/2012 9:00:08 AM
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NIFTY DATA for 6th February 2012
Nifty Spot - 5325.85
Nifty Futures (Feb) - 5345.55
Nifty Futures Premium -(+19.70)
Nifty Support level : 5225(Support-1),5295(Support-2)
Nifty Resistance level : 5347(Resistance-1),5378(Resistance-2)
Nifty P/E -18.97 (liquidity Driven rally,Nifty P/E in an overheated zone)
Nifty EPS -280.75
Nifty P/B - 3.03
Nifty DY - 1.48
RSI(14) -81.83
Wm%R(14) - -1.77
CCI(34) - 169.57
MACD-(26,12) - 122.04
Exp(9) - 91.80
Divergence - 30.24
Pivot Point-5305
3EMA -5280
5EMA-5245
10EMA-5171
20EMA-5063
50DEMA-4964
200EMA-5135
233EMA-5165
377EMA-5205
610EMA-5114
987EMA-4855
PSAR-5146(Trend Reversal -Down Side)
PCR-1.64
VIX - 24.09
SMR -14.689 above 40 Excessive Fear / Below 20 Excessive Greed / B/w 20-40 Equilibrium
FIIs Cash - Buy 1074.21 Cr (3rd Feb 2012)
DIIs Cash - Sell 915.58 Cr (3rd Feb 2012)
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Nifty Outlook for 2nd Feb 2012
Today's Key Support & Resistance level (30min/60min Chart) - 5192 & 5248.Nifty has successfully taken out 377 EMA.Panic Buying & liquidity gush is driving the market.We were of the view that ongoing rally may see some correction around 5169 levels,Nifty corrected for a day ( on monday).However key takeaway on Monday's trading session was Nifty closing above 5068/5086 which gave some indications that bulls are not yet ready to give up 5169.Sentiments may sour if there is negative news w.r.t 2g case hearing today.Breach of 5192/5169 during intraday may create situation of panic sell off,critical supports exists at 5086,5068.Flip side of this trade would be Nifty sustaining above 377EMA zone of 5204/5224 with an attempt towards 5300.
Nifty Outlook for 30th January 2012
Today's Key support level at 5125 & Key resistance level @ 5225.This rally may exhaust should the Nifty fail to take out 377EMA zone 5205-5225 on closing basis.Breach of 5086,5025 & 4987 level on closing basis will terminate the ongoing rally.Today,watch out 5169 level on 30min chart,breach of this level will create an intraday panic sell off towards 5125,flipside of this trade would be an intraday recovery above 5189 level.
Nifty Outlook for 27th January 2012
So finally, Nifty achieved the target of 5169 envisaged by us during the 1st week of Jan. Today's Key support level 5125,while key resistance level would be 5202.
Which factor can play spoilsport ?-- Last month we added two factors in Risk matrix -- Anticipation of a reformist budget (advantage bulls) & Iran issue(advantage bears) -- The first factor ; Street expectation of a reformist budget is fueling current stock market rally aided by weaker dollar v/s Rupee.Iran factor & revisit of EURO crisis could play spoilsport & then of course,in this age of internet,selective leakage of rumors of multiple defaults can trigger deep corrections.So traders should stay with stop loss,Respect market trend,maximize profits in winning trades(by employing TSL method),minimize loss in losing trades(by employing MSL method)
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