Market outlook for 10/08/11

Nifty closed down 45.65 points (0.89%) at 5072.85 while Nifty Future closed at 5083.40, premium of 10.55 points.
Bank Nifty closed down 35.75 points (0.35%) at 10196.55 while Future closed at 10227.20, premium of 30.65 points.

• FII sold huge in Cash (Net sell 2104.56 Crore)
• FII bought huge in index option, stock future but sold index future (Net buy 2551.00 Crore)
• DII bought in Cash (Net buy 1412.96 Crore)
• US futures are trading in Green.
• Global cues are flat to positive.
• SGX nifty is in flat to positive as of now.
• Most Active Nifty Call Option: 5200 and 5300.
• Most Active Nifty Put Options: 5000 and 4900.
• Advance Decline for the day was 331:1114.

NIFTY TECHNICAL

Current Spot: 5072.85
Pivot: 5062
5DEMA: 5207
10DEMA: 5318
20DEMA: 5415
50DEMA: 5482
RSI (15 days): 25.27
Parabolic SAR: 5438
Supports: 4957 - 4842 - 4737
Resistance: 5178 - 5283 - 5398
NF VIX Range: 5021 - 5146

Nifty Future VWAP: 5060.52
MP Values Nifty Future: VAH - 5103, POC - 5060, VAL - 5017

TARGET NIFTY
Buy Nifty Future above 5087 - 5184 - 5287 - 5400 SL - 5066
Sell Nifty Future below 5061 - 4968 - 4850 - 4750 SL - 5081

BANKNIFTY TECHNICAL

Current Spot: 10196.55
Pivot: 10181
5DEMA: 10383
10DEMA: 10583
20DEMA: 10781
50DEMA: 10899
RSI (15 days): 29.60
Parabolic SAR: 10861
Supports: 9937 - 9677 - 9433
Resistance: 10440 - 10684 - 10944
Bank Nifty VIX Range: 10098 - 10356

Bank Nifty Future VWAP: 10181.19
MP Values Bank Nifty Future: VAH - 10264, POC - 10170, VAL - 10076

TARGET BANKNIFTY
Buy BankNifty Future above 10235 - 10455 - 10680 - 10900 SL - 10195
Sell BankNifty Future below 10185 - 9980 - 9715 - 9530 SL - 10206

INTRADAY TRADE
Reliance Industries: Buy above 770 for targets of 775, 782, 794 SL 764
Reliance Industries: Sell below 761 for targets of 756, 749, 737 SL 768
Inventure: Buy above 222 for targets of 226, 235 SL 211
Pfc: Buy above 176 for targets of 178, 183 SL 172

SCORE SHEET
IOC: Buy above 341 for targets of 344, 350 SL 336: Target 344.85 achieved
Lovable: Buy above 393 for targets of 400, 413 SL 379: Call not activated

POSITIONAL TRADE
JpAssociat: Buy above 62 for target of 66 SL 60 (2-3 Days)
AshokLey: Buy above 25 for target of 28 SL 24 (1 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