Market outlook for 15/11/10

Nifty closed down 122.60 points (1.98%) at 6071.65 whilst Nifty November Future closed at 6091.55 premium of 19.90 points.
Bank Nifty closed down 366.30 points (2.86%) at 12457.30 whilst November Future closed at 12537.10 premium of 79.80 points.

• FII sold in Cash (Net sell 782.27 Crore heavy selling after so many days)
• FII sold in index future, stock future but bought in index option (Net sell 320.59 Crore)
• DII bought in Cash (Net buy 245.68 Crore)
• US market ended in RED.
• Global cues are Negative.
• SGX nifty is negative as of now.
• Most Active Nifty November Call Option: 6200 and 6300.
• Most Active Nifty November Put Options: 6200 and 6100.
• Advance Decline for the day was 193:1199

NIFTY TECHNICAL

Current Spot: 6071.65
Pivot: 6110
5DEMA: 6184
10DEMA: 6185
20DEMA: 6150
50DEMA: 6008
RSI (7 days): 35.61
Parabolic SAR: 6339
Supports: 6018 - 5965
Resistance: 6164 - 6256

Nifty Future VWAP: 6153.03
Bank Nifty Future VWAP: 12699.29
MP Values Spot: VAH - 6160, POC - 6100, VAL - 6058
MP Values Futures: VAH - 6189, POC - 6127, VAL - 6110
MP Values Bank Nifty Futures: VAH - 12840, POC - 12797, VAL - 12645

TARGET NIFTY
Buy Nifty Future above 6140 - 6164 - 6194 - 6299 SL - 6132
Sell Nifty Future below 6082 - 6062 - 6033 - 5972 SL - 6139

INTRADAY TRAGE
Reliance Industries: Buy above 1074 for targets of 1078, 1084, 1096 SL 1066
Reliance Industries: Sell below 1057 for targets of 1053, 1048, 1041 SL 1071
Eclerx: Buy above 665 for targets of 673, 686 SL 658
Dhanbank: Buy above 184 for targets of 187, 191 SL 181

SCORE SHEET
Hanung: Buy above 402 for targets of 405, 410 SL 398: Target 414.30 achieved
RPower: Buy above 192 for targets of 195, 200 SL 186: Call not activated

POSITIONAL TRADE
Jyothylab: Buy above 277 for target of 292 SL 271 (One Week)
NTPC: Buy above 192.6 for target of 198 SL 190.4 (2-3 Days)

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