Thursday, November 25, 2010

Market outlook for 25/11/10

Nifty closed down 69.00 points (1.16%) at 5865.75 whilst Nifty November Future closed at 5973.25 premium of 7.50 points
Bank Nifty closed down 363.90 points (2.98%) at 11842.55 whilst November Future closed at 11886.80 premium of 44.25 points.

  • FII sold in Cash (Net sell 473.31)
  • FII sold in index future but bought in index option, stock future (Net sell 195.94 Crore)
  • DII sold in Cash (Net sell 94.94 Crore)
  • US market is trading positive.
  • Global cues are flat to positive.
  • SGX nifty is flat as of now.
  • Most Active Nifty November Call Option: 5900 and 6000.
  • Most Active Nifty November Put Options: 6000 and 5900.
  • Advance Decline for the day was 489:876

NIFTY TECHNICAL
Current Spot: 5865.75
Pivot: 5892
5DEMA: 5945
10DEMA: 6007
20DEMA: 6055
50DEMA: 6004
RSI (7 days): 31.6
Parabolic SAR: 6137
Supports: 5807 - 5749
Resistance: 5950 - 6035
Nifty Future VWAP: 5937.48
Bank Nifty Future VWAP: 12143.36
MP Values Spot: VAH - 5974, POC - 5948, VAL - 5922
MP Values Futures: VAH - 5987, POC - 5957, VAL - 5892
MP Values Bank Nifty Futures: VAH - 12328, POC - 12155, VAL - 11931

TARGET NIFTY
Buy Nifty Future above 5903 - 5959 - 6044 - 6112 SL - 5896
Sell Nifty Future below 5864 - 5816 - 5779 - 5729 SL - 5901

INTRADAY TRADE
Reliance Industries: Buy above 1005 for targets of 1010, 1017, 1029 SL 997
Reliance Industries: Sell below 991 for targets of 986, 980, 971 SL 1002
Abgship: Buy above 450 for targets of 456, 466 SL 445
Videoind: Buy above 227 for targets of 231, 236 SL 222

SCORE SHEET
Jisljaleqs: Buy above 232 for targets of 236, 244 SL 228: Target 243.70 achieved
Orchidchem: Buy above 324 for targets of 328, 333 SL 317: Target 330.80 achieved

POSITIONAL TRADE
Mskproj: Buy above 128 for target of 144 SL 123 (One Week)
Bindalagro: Buy above 22.5 for target of 24.2 SL 21.8 (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

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