Market outlook for 05/09/11

Nifty closed up 39.00 points (0.78%) at 5040.00 while Nifty Future closed at 5034.10, discount of 5.90 points.
Bank Nifty closed up 47.95 points (0.50%) at 9581.35 while Future closed at 9560.10, discount of 20.75 points.

• FII bought in Cash (Net buy 1158.38 Crore)
• FII bought in index future, stock future and index option (Net buy 1840.07 Crore)
• DII sold in Cash (Net sell 346.28 Crore)
• US futures ended in Red.
• Global cues are flat to Negative.
• SGX nifty is negative as of now.
• Most Active Nifty Call Option: 5100 and 5200.
• Most Active Nifty Put Options: 5000 and 4900.
• Advance Decline for the day was 883:553.

NIFTY TECHNICAL

Current Spot: 5040.00
Pivot: 5049
5DEMA: 4957
10DEMA: 4960
20DEMA: 5052
50DEMA: 5247
RSI (15 days): 44.95
Parabolic SAR: 4741
Supports: 4984 - 4929 - 4864
Resistance: 5105 - 5169 - 5225
NF VIX Range: 4955 - 5113

Nifty Future VWAP: 5025.74
MP Values Nifty Future: VAH - 5052, POC - 5033, VAL - 5014

TARGET NIFTY
Buy Nifty Future above 5038 - 5072 - 5112 - 5155 SL - 5025
Sell Nifty Future below 5024 - 4995 - 4950 - 4910 SL - 5036

BANKNIFTY TECHNICAL

Current Spot: 9581.35
Pivot: 9593
5DEMA: 9439
10DEMA: 9514
20DEMA: 9809
50DEMA: 10309
RSI (15 days): 39.34
Parabolic SAR: 8934
Supports: 9478 - 9375 - 9261
Resistance: 9696 - 9810 - 9913
Bank Nifty VIX Range: 9390 - 9731

Bank Nifty Future VWAP: 9552.57
MP Values Bank Nifty Future: VAH - 9604, POC - 9554, VAL - 9504

TARGET BANKNIFTY
Buy BankNifty Future above 9568 - 9650 - 9750 - 9850 SL - 9549
Sell BankNifty Future below 9453 - 9465 - 9365 - 9265 SL - 9565

INTRADAY TRADE
Reliance Industries: Buy above 807 for targets of 810, 815, 825 SL 801
Reliance Industries: Sell below 799 for targets of 796, 791, 781 SL 805
Gmdcltd: Buy above 187.5 for targets of 189, 192 SL 184.5
Hdil: Buy above 106.5 for targets of 108, 110 SL 104

SCORE SHEET
Heromotoco: Buy above 2060 for targets of 2080, 2110 SL 2029: Target 2121.65 achieved
DLF: Buy above 198 for targets of 200, 204 SL 194: Target 209.90 achieved

POSITIONAL TRADE
Ambujacem: Buy above 136 for target of 140 SL 134 (2-3 Days)
Bel: Buy above 1592 for target of 1680 SL 1574 (1 Week)

This Blog is meant for sharing my trading ideas only and no calls to be taken as trading recommendation. Visitors please do your own research or consult your advisers for safe trading.

Thanks and Regards

S&P Wealth Creators