Market outlook for 18/11/10

Nifty closed down 132.90 points (2.17%) at 5988.70 whilst Nifty November Future closed at 5994.95 premium of 6.25 points.
Bank Nifty closed down 237.70 points (1.85%) at 12524.45 whilst November Future closed at 12549.05 premium of 24.60 points.

• FII sold in Cash (Net sell 196.69)
• FII bought in index future, index option and stock future (Net buy 1154.07 Crore)
• DII bought in Cash (Net buy 449.59 Crore)
• US market ended negative.
• Global cues are flat to negative.
• SGX nifty is negative as of now.
• Most Active Nifty November Call Option: 6100 and 6200.
• Most Active Nifty November Put Options: 6100 and 6000.
• Advance Decline for the day was 139:1269

NIFTY TECHNICAL

Current Spot: 5988.70
Pivot: 6028
5DEMA: 6105
10DEMA: 6140
20DEMA: 6132
50DEMA: 6011
RSI (7 days): 31.55
Parabolic SAR: 6318
Supports: 5931 - 5874
Resistance: 6086 - 6183

Nifty Future VWAP: 6029.19
Bank Nifty Future VWAP: 12620.23
MP Values Spot: VAH - 6078, POC - 5998, VAL - 5972
MP Values Futures: VAH - 6027, POC - 6000, VAL - 5990
MP Values Bank Nifty Futures: VAH - 12645, POC - 12550, VAL - 12520

TARGET NIFTY
Buy Nifty Future above 6039 - 6091 - 6190 - 6250 SL - 6032
Sell Nifty Future below 5986 - 5939 - 5879 - 5780 SL - 6038

INTRADAY TRADE
Reliance Industries: Buy above 1044 for targets of 1048, 1068, 1081 SL 1036
Reliance Industries: Sell below 1025 for targets of 1021, 1016, 1009 SL 1041
Yesbank: Buy above 335.7 for targets of 338, 345 SL 330
TataSteel: Buy above 608 for targets of 614, 622 SL 597

SCORE SHEET
Syndibank: Buy above 159 for targets of 163, 169 SL 153: Target 164.25 achieved
Sujanatow: Buy above 214 for targets of 217, 221 SL 209: Target 224.50 achieved

POSITIONAL TRADE
RajeshExpo: Buy above 119 for target of 136 SL 110 (One Week)
Hcltech: Buy above 394.4 for target of 408 SL 385 (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