Market outlook for 14/09/11

Nifty closed down 5.85 points (0.12%) at 4940.95 while Nifty Future closed at 4941.60, premium of 0.65 points.
Bank Nifty closed down 55.55 points (0.59%) at 9339.70 while Future closed at 9342.25, premium of 2.55 points.

• FII sold in Cash (Net sell 468.41 Crore)
• FII bought in index future, stock future but sold in index option (Net buy 424.89 Crore)
• DII bought in Cash (Net buy 121.19 Crore)
• US futures are trading flat.
• Global cues are flat to 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 722:714.

NIFTY TECHNICAL

Current Spot: 4940.95
Pivot: 4961
5DEMA: 5001
10DEMA: 5009
20DEMA: 5044
50DEMA: 5193
RSI (15 days): 41.11
Parabolic SAR: 4911
Supports: 4891 - 4842 - 4772
Resistance: 5010 - 5080 - 5129
NF VIX Range: 4869 - 5014

Nifty Future VWAP: 4971.00
MP Values Nifty Future: VAH - 4990, POC - 4949, VAL - 4908

TARGET NIFTY
Buy Nifty Future above 4966 - 5015 - 5085 - 5150 SL - 4948
Sell Nifty Future below 4934 - 4890 - 4835 - 4760 SL - 4964

BANKNIFTY TECHNICAL

Current Spot: 9339.70
Pivot: 9389
5DEMA: 9522
10DEMA: 9568
20DEMA: 9710
50DEMA: 10133
RSI (15 days): 37.08
Parabolic SAR: 9261
Supports: 9211 - 9083 - 8905
Resistance: 9518 - 9696 - 9824
Bank Nifty VIX Range: 9177 - 9508

Bank Nifty Future VWAP: 9410.72
MP Values Bank Nifty Future: VAH - 9480, POC - 9376, VAL - 9272

TARGET BANKNIFTY
Buy BankNifty Future above 9393 - 9507 - 9690 - 9820 SL - 9362
Sell BankNifty Future below 9328 - 9216 - 9095 - 8905 SL - 9391

INTRADAY TRADE
Reliance Industries: Buy above 815 for targets of 818, 823, 833 SL 809
Reliance Industries: Sell below 806 for targets of 803, 798, 788 SL 813
Cairn: Buy above 290 for targets of 293, 299 SL 284
Jublfood: Buy above 880 for targets of 891, 907 SL 872

SCORE SHEET
Orchidchem: Buy above 198 for targets of 200, 203 SL 194: Target 204.40 achieved
Petronet: Buy above 179 for targets of 181, 184 SL 175: Target 183.20 achieved

POSITIONAL TRADE
Ivrclinfra: Buy above 42.5 for target of 44.8 SL 42 (2-3 Days)
Beml: Buy above 374 for target of 504 SL 460 (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