Market outlook for 21/09/10

Nifty closed up 95.50 points (1.62%) at 5980.45 whilst Nifty September Future closed at 5994.10 premium of 13.65 points.
Bank Nifty closed up 147.10 points (1.22%) at 12251.20 whilst September Future closed at 12267.45 premium of 16.25 points.

• FII bought in Cash (Net buy 1792.64 Crore)
• FII bought in index future and index option but sold in stock future (Net buy 962.26 Crore)
• DII sold in Cash (Net sell 457.91 Crore)
• US market is trading in GREEN.
• Global cues are flat to positive.
• SGX nifty is flat to positive as of now.
• Most Active Nifty September Call Option: 5900 and 6000.
• Most Active Nifty September Put Options: 5900 and 5800.
• Advance Decline for the day was 829:516

NIFTY TECHNICAL

Current Spot: 5980.45
Pivot: 5952
5DEMA: 5869
10DEMA: 5776
20DEMA: 5668
50DEMA: 5538
RSI (7 days): 88.58
Parabolic SAR: 5639
Supports: 5914 - 5847
Resistance: 6018 - 6056

Nifty Future VWAP: 5960
Bank Nifty Future VWAP: 12172
MP Values Spot: VAH - 5965, POC - 5937, VAL - 5909
MP Values Futures: VAH - 5982, POC - 5950, VAL - 5938
MP Values Bank Nifty Futures: VAH - 12159, POC - 12128, VAL - 12081

TARGET NIFTY
Buy Nifty above 5999 - 6030 - 6070 - 6136 SL - 5964
Sell Nifty below 5958 - 5930 - 5864 - 5824 SL - 5970

INTRADAY TRADE
Reliance Industries: Buy above 1044 for targets of 1047, 1056, 1065 SL 1033
Reliance Industries: Sell below 1030 for targets of 1028, 1022, 1015 SL 1038
Ajmera: Buy above 290 for targets of 298, 310 SL 281
SesaGoa: Buy above 336.6 for targets of 339, 342 SL 332

SCORE SHEET
UFlex: Buy above 204 for targets of 207, 210 SL 200: Target 214.20 achieved
Aegischem: Buy above 323 for targets of 328, 334 SL 315: Target 335.80 achieved

POSITIONAL TRADE
Crewbos: Buy above 170 for target of 185 SL 166 (One Week)
Tiil: Buy above 87.5 for target of 99 SL 86 (One Month)

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