Market outlook for 15/09/11

Nifty closed up 71.60 points (1.45%) at 5012.55 while Nifty Future closed at 5019.15, premium of 6.60 points.
Bank Nifty closed up 132.75 points (1.42%) at 9472.45 while Future closed at 9479.25, premium of 6.80 points.

• FII sold in Cash (Net sell 45.82 Crore)
• FII bought in index option, stock future but sold in index future (Net buy 45.82 Crore)
• DII sold in Cash (Net sell 182.68 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 804:608.

NIFTY TECHNICAL

Current Spot: 5012.55
Pivot: 4985
5DEMA: 5005
10DEMA: 5010
20DEMA: 5041
50DEMA: 5187
RSI (15 days): 45.61
Parabolic SAR: 4911
Supports: 4945 - 4877 - 4836
Resistance: 5053 - 5094 - 5162
NF VIX Range: 4946 - 5093

Nifty Future VWAP: 4968.27
MP Values Nifty Future: VAH - 5032, POC - 4990, VAL - 4941

TARGET NIFTY
Buy Nifty Future above 5023 - 5055 - 5100 - 5170 SL - 4984
Sell Nifty Future below 4979 - 4945 - 4865 - 4820 SL - 4999

BANKNIFTY TECHNICAL

Current Spot: 9472.45
Pivot: 9416
5DEMA: 9505
10DEMA: 9551
20DEMA: 9688
50DEMA: 10114
RSI (15 days): 40.91
Parabolic SAR: 9261
Supports: 9324 - 9176 - 9084
Resistance: 9564 - 9656 - 9804
Bank Nifty VIX Range: 9313 - 9645

Bank Nifty Future VWAP: 9376.60
MP Values Bank Nifty Future: VAH - 9497, POC - 9412, VAL - 9327

TARGET BANKNIFTY
Buy BankNifty Future above 9486 - 9568 - 9660 - 9810 SL - 9410
Sell BankNifty Future below 9400 - 9326 - 9168 - 9075 SL - 9429

INTRADAY TRADE
Reliance Industries: Buy above 827 for targets of 831, 837, 847 SL 818
Reliance Industries: Sell below 816 for targets of 812, 806, 796 SL 822
Crompgreav: Buy above 158 for targets of 160, 164 SL 154.5
TataSteel: Buy above 472 for targets of 476, 484 SL 465

SCORE SHEET
Cairn: Buy above 290 for targets of 293, 299 SL 284: SL Hit
Jublfood: Buy above 880 for targets of 891, 907 SL 872: High Made 889, SL Hit

POSITIONAL TRADE
A2ZMes: Buy above 229 for target of 245 SL 223 (2-3 Days)
Sreinfra: Buy above 39.5 for target of 45 SL 37 (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