Market outlook for 30/11/10

Nifty closed up 78.05 points (1.36%) at 5830.00 while Nifty December Future closed at 5844.75 premium of 14.75 points
Bank Nifty closed up 159.50 points (1.37%) at 11828.35 while December Future closed at 11872.95 premium of 44.60 points.

• FII bought in Cash (Net buy 156.20)
• FII bought in index future, index option and stock future (Net buy 1823.22 Crore)
• DII bought in Cash (Net buy 199.33 Crore)
• US market is trading in Red.
• Global cues are flat to negative.
• SGX nifty is negative as of now.
• Most Active Nifty December Call Option: 5900 and 6000.
• Most Active Nifty December Put Options: 5800 and 5700.
• Advance Decline for the day was 712:665

NIFTY TECHNICAL

Current Spot: 5830.00
Pivot: 5809
5DEMA: 5842
10DEMA: 5912
20DEMA: 5987
50DEMA: 5973
RSI (7 days): 36.67
Parabolic SAR: 5982
Supports: 5775 - 5721
Resistance: 5864 - 5898

Nifty Future VWAP: 5829.29
Bank Nifty Future VWAP: 11838.99
MP Values Spot: VAH - 5818, POC - 5788, VAL - 5758
MP Values Futures: VAH - 5855, POC - 5845, VAL - 5821
MP Values Bank Nifty Futures: VAH - 11879, POC - 11860, VAL - 11820

TARGET NIFTY
Buy Nifty Future above 5849 - 5874 - 5906 - 5950 SL - 5829
Sell Nifty Future below 5824 - 5803 - 5759 - 5727 SL - 5835

INTRADAY TRADE
Reliance Industries: Buy above 1001 for targets of 1005, 1011, 1023 SL 985
Reliance Industries: Sell below 983 for targets of 979, 972, 961 SL 990
Maninfra: Buy above 238 for targets of 243, 250 SL 231
Chambalfert: Buy above 94 for targets of 96, 99 SL 91

SCORE SHEET
IRB: Buy above 216 for targets of 221, 228 SL 209: Target 238.55 achieved
Sail: Buy above 175 for targets of 177, 180 SL 172.5: Target 179.90 achieved

POSITIONAL TRADE
BGREnergy: Buy above 695 for target of 780 SL 651 (One Week)
IFCI: Buy above 61 for target of 65 SL 58 (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