Market outlook for 26/11/10

Nifty closed down 66.00 points (1.13%) at 5799.75 while Nifty December Future closed at 5848.10 premium of 48.35 points
Bank Nifty closed down 190.15 points (1.61%) at 11652.40 while December Future closed at 11754.75 premium of 102.35 points.

• FII sold big in Cash (Net sell 1208.12)
• FII sold in index future and index option but bought in stock future (Net sell 1264.38 Crore)
• DII bought in Cash (Net buy 197.77 Crore)
• US market was closed.
• Global cues are flat to positive.
• SGX nifty is flat as of now.
• Most Active Nifty December Call Option: 6000 and 6100.
• Most Active Nifty December Put Options: 6000 and 5800.
• Advance Decline for the day was 233:1148

NIFTY TECHNICAL

Current Spot: 5799.75
Pivot: 5829
5DEMA: 5897
10DEMA: 5970
20DEMA: 6030
50DEMA: 5992
RSI (7 days): 27.52
Parabolic SAR: 6095
Supports: 5751 - 5702
Resistance: 5878 - 5956

Nifty Future VWAP: 5883.31
Bank Nifty Future VWAP: 11843.74
MP Values Spot: VAH - 5906, POC - 5886, VAL - 5842
MP Values Futures: VAH - 5920, POC - 5911, VAL - 5876
MP Values Bank Nifty Futures: VAH - 11890, POC - 11748, VAL - 11729

TARGET NIFTY
Buy Nifty Future above 5838 - 5873 - 5948 - 5990 SL - 5821
Sell Nifty Future below 5791 - 5761 - 5719 - 5643 SL - 5836

INTRADAY TRADE
Reliance Industries: Buy above 990 for targets of 994, 1001, 1013 SL 983
Reliance Industries: Sell below 975 for targets of 971, 965, 958 SL 988
Gujfluoro: Buy above 189 for targets of 193, 198 SL 187
Lupin: Buy above 501 for targets of 505, 514 SL 496

SCORE SHEET
Abgship: Buy above 450 for targets of 456, 466 SL 445: Target 454.60 achieved
Videoind: Buy above 227 for targets of 231, 236 SL 222: Target 229.95 achieved

POSITIONAL TRADE
Centralbk: Buy above 211 for target of 230 SL 206 (2-3 Days)
Murliind: Buy above 112 for target of 128 SL 108 (One week)

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