Market outlook for 16/09/11

Nifty closed up 63.15 points (1.26%) at 5075.70 while Nifty Future closed at 5081.20, premium of 5.50 points.
Bank Nifty closed up 187.90 points (1.98%) at 9660.35 while Future closed at 9673.60, premium of 13.25 points.

• FII bought in Cash (Net buy 136.55 Crore)
• FII bought in index future, index option but sold in stock future (Net buy 123.21 Crore)
• DII bought in Cash (Net buy 4.40 Crore)
• US futures are trading Positive.
• Global cues are flat to Positive.
• SGX nifty is flat as of now.
• Most Active Nifty Call Option: 5000 and 5100.
• Most Active Nifty Put Options: 5000 and 4900.
• Advance Decline for the day was 827:605.

NIFTY TECHNICAL

Current Spot: 5075.70
Pivot: 5045
5DEMA: 5029
10DEMA: 5022
20DEMA: 5044
50DEMA: 5179
RSI (15 days): 49.39
Parabolic SAR: 4917
Supports: 4998 - 4921 - 4874
Resistance: 5122 - 5169 - 5246
NF VIX Range: 5007 - 5155

Nifty Future VWAP: 5023.33
MP Values Nifty Future: VAH - 5070, POC - 5029, VAL - 4988

TARGET NIFTY
Buy Nifty Future above 5085 - 5133 - 5186 - 5275 SL - 5044
Sell Nifty Future below 5039 - 4995 - 4905 - 4850 SL - 5049

BANKNIFTY TECHNICAL

Current Spot: 9660.35
Pivot: 9586
5DEMA: 9557
10DEMA: 9571
20DEMA: 9685
50DEMA: 10082
RSI (15 days): 46.13
Parabolic SAR: 9268
Supports: 9464 - 9268 - 9145
Resistance: 9783 - 9905 - 10101
Bank Nifty VIX Range: 9503 - 9844

Bank Nifty Future VWAP: 9522.20
MP Values Bank Nifty Future: VAH - 9583, POC - 9484, VAL - 9385

TARGET BANKNIFTY
Buy BankNifty Future above 9681 - 9810 - 9955 - 10170 SL - 9410
Sell BankNifty Future below 9582 - 9460 - 9240 - 9100 SL - 9610

INTRADAY TRADE
Reliance Industries: Buy above 838 for targets of 842, 848, 858 SL 827
Reliance Industries: Sell below 825 for targets of 821, 815, 805 SL 832
BGREnergy: Buy above 370 for targets of 375, 387 SL 361
Arssinfra: Buy above 372 for targets of 377, 384 SL 364

SCORE SHEET
Crompgreav: Buy above 158 for targets of 160, 164 SL 154.5: Target 160.55 achieved
TataSteel: Buy above 472 for targets of 476, 484 SL 465: Target 477.00 achieved

POSITIONAL TRADE
PFC: Buy above 157 for target of 164 SL 152 (2-3 Days)
Jaicorpltd: Buy above 96 for target of 107 SL 92 (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