Market outlook for 09/09/11

Nifty closed up 28.60 points (0.56%) at 5153.25 while Nifty Future closed at 5155.00, premium of 1.75 points.
Bank Nifty closed up 61.15 points (0.62%) at 9920.05 while Future closed at 9908.10, discount of 11.95 points.

• FII bought in Cash (Net buy 14.18 Crore)
• FII bought in index option, stock future but sold small in index future (Net buy 748.68 Crore)
• DII sold in Cash (Net sell 266.61 Crore)
• US futures are trading in flat to positive.
• Global cues are flat.
• SGX nifty is flat as of now.
• Most Active Nifty Call Option: 5100 and 5200.
• Most Active Nifty Put Options: 5100 and 5000.
• Advance Decline for the day was 875:556.

NIFTY TECHNICAL

Current Spot: 5153.25
Pivot: 5140
5DEMA: 5081
10DEMA: 5038
20DEMA: 5067
50DEMA: 5224
RSI (15 days): 51.77
Parabolic SAR: 4836
Supports: 5111 - 5069 - 5040
Resistance: 5182 - 5211 - 5253
NF VIX Range: 5080 - 5230

Nifty Future VWAP: 5130.55
MP Values Nifty Future: VAH - 5144, POC - 5116, VAL - 5091

TARGET NIFTY
Buy Nifty Future above 5159 - 5187 - 5222 - 5270 SL - 5137
Sell Nifty Future below 5131 - 5107 - 5056 - 5021 SL - 5149

BANKNIFTY TECHNICAL

Current Spot: 9920.05
Pivot: 9870
5DEMA: 9742
10DEMA: 9667
20DEMA: 9798
50DEMA: 10224
RSI (15 days): 48.90
Parabolic SAR: 9085
Supports: 9799 - 9679 - 9608
Resistance: 9990 - 10061 - 10182
Bank Nifty VIX Range: 9739 - 10077

Bank Nifty Future VWAP: 9831.21
MP Values Bank Nifty Future: VAH - 9861, POC - 9810, VAL - 9759

TARGET BANKNIFTY
Buy BankNifty Future above 9916 - 9975 - 10050 - 10185 SL - 9845
Sell BankNifty Future below 9838 - 9782 - 9650 - 9580 SL - 9868

INTRADAY TRADE
Reliance Industries: Buy above 855 for targets of 859, 865, 877 SL 840
Reliance Industries: Sell below 838 for targets of 834, 828, 816 SL 846
Hitachihom: Buy above 183 for targets of 186, 192 SL 177
Educomp: Buy above 232 for targets of 235, 239 SL 229

SCORE SHEET
Hindalco: Buy above 161 for targets of 163, 167 SL 159: SL Hit
Jetairways: Buy above 308 for targets of 311, 317 SL 301: Call not activated

POSITIONAL TRADE
Deltacorp: Buy above 106 for target of 113 SL 102 (2-3 Days)
Hanung: Buy above 122 for target of 133 SL 117 (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