Market outlook for 13/09/11

Nifty closed down 112.65 points (2.23%) at 4946.80 while Nifty Future closed at 4942.45, discount of 4.35 points.
Bank Nifty closed down 283.45 points (2.93%) at 9395.25 while Future closed at 9385.60, discount of 9.65 points.

• FII sold in Cash (Net sell 934.74 Crore)
• FII sold in index future, index option, and stock future (Net sell 1249.89 Crore)
• DII bought in Cash (Net buy 427.93 Crore)
• US futures are trading in RED.
• Global cues are Negative.
• SGX nifty is flat as of now.
• Most Active Nifty Call Option: 5000 and 5100.
• Most Active Nifty Put Options: 4900 and 4800.
• Advance Decline for the day was 295:1142.

NIFTY TECHNICAL

Current Spot: 4946.80
Pivot: 4948
5DEMA: 5032
10DEMA: 5025
20DEMA: 5054
50DEMA: 5203
RSI (15 days): 41.37
Parabolic SAR: 4899
Supports: 4910 - 4874 - 4836
Resistance: 4985 - 5022 - 5059
NF VIX Range: 4868 - 5017

Nifty Future VWAP: 4943.62
MP Values Nifty Future: VAH - 4961, POC - 4943, VAL - 4925

TARGET NIFTY
Buy Nifty Future above 4946 - 4978 - 5015 - 5055 SL - 4928
Sell Nifty Future below 4934 - 4905 - 4865 - 4830 SL - 4943

BANKNIFTY TECHNICAL

Current Spot: 9395.25
Pivot: 9431
5DEMA: 9613
10DEMA: 9619
20DEMA: 9749
50DEMA: 10165
RSI (15 days): 38.05
Parabolic SAR: 9238
Supports: 9311 - 9227 - 9107
Resistance: 9515 - 9635 - 9719
Bank Nifty VIX Range: 9215 - 9557

Bank Nifty Future VWAP: 9411.87
MP Values Bank Nifty Future: VAH - 9476, POC - 9424, VAL - 9372

TARGET BANKNIFTY
Buy BankNifty Future above 9428 - 9500 - 9620 - 9700 SL - 9402
Sell BankNifty Future below 9372 - 9306 - 9225 - 9105 SL - 9425

INTRADAY TRADE
Reliance Industries: Buy above 812 for targets of 816, 822, 832 SL 806
Reliance Industries: Sell below 802 for targets of 798, 792, 782 SL 810
Orchidchem: Buy above 198 for targets of 200, 203 SL 194
Petronet: Buy above 179 for targets of 181, 184 SL 175

SCORE SHEET
Jubilant: Buy above 224 for targets of 227, 233 SL 218: Call not activated
Arvind: Buy above 92.5 for targets of 94, 96 SL 90: Target 96.40 achieved

POSITIONAL TRADE
HindPetro: Buy above 367 for target of 374 SL 362 (2-3 Days)
Ambujacem: Buy above 146 for target of 155 SL 142 (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