Market outlook for 19/09/11

Nifty closed up 8.55 points (0.17%) at 5084.25 while Nifty Future closed at 5087.60, premium of 3.35 points.
Bank Nifty closed up 59.90 points (0.62%) at 9720.25 while Future closed at 9703.45, discount of 16.80 points.

• FII bought in Cash (Net buy 395.16 Crore)
• FII bought in index future, index option and in stock future (Net buy 680.22 Crore)
• DII bought in Cash (Net buy 39.33 Crore)
• US futures are trading Positive.
• Global cues are flat to Positive.
• 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 633:795.

NIFTY TECHNICAL

Current Spot: 5084.25
Pivot: 5099
5DEMA: 5047
10DEMA: 5033
20DEMA: 5048
50DEMA: 5169
RSI (15 days): 50.13
Parabolic SAR: 4943
Supports: 5054 - 5023 - 4978
Resistance: 5129 - 5174 - 5205
NF VIX Range: 5016 - 5160

Nifty Future VWAP: 5108.61
MP Values Nifty Future: VAH - 5131, POC - 5113, VAL - 5095

TARGET NIFTY
Buy Nifty Future above 5108 - 5136 - 5186 - 5220 SL - 4990
Sell Nifty Future below 5080 - 5057 - 5025 - 4975 SL - 5107

BANKNIFTY TECHNICAL

Current Spot: 9720.25
Pivot: 9703
5DEMA: 9611
10DEMA: 9598
20DEMA: 9688
50DEMA: 10066
RSI (15 days): 47.78
Parabolic SAR: 9338
Supports: 9607 - 9494 - 9399
Resistance: 9816 - 9912 - 10025
Bank Nifty VIX Range: 9537 - 9870

Bank Nifty Future VWAP: 9699.16
MP Values Bank Nifty Future: VAH - 9761, POC - 9709, VAL - 9657

TARGET BANKNIFTY
Buy BankNifty Future above 9720 - 9825 - 9950 - 10070 SL - 9697
Sell BankNifty Future below 9689 - 9590 - 9470 - 9345 SL - 9718

INTRADAY TRADE
Reliance Industries: Buy above 836 for targets of 840, 846, 856 SL 830
Reliance Industries: Sell below 822 for targets of 818, 812, 802 SL 834
UFlex: Buy above 173 for targets of 175, 179 SL 169
Recltd: Buy above 189 for targets of 192, 195 SL 185

SCORE SHEET
BGREnergy: Buy above 370 for targets of 375, 387 SL 361: Target 375.90 achieved
Arssinfra: Buy above 372 for targets of 377, 384 SL 364: Target 388.20 achieved

POSITIONAL TRADE
TataMotors: Buy above 163 for target of 170 SL 158 (2-3 Days)
Renuka: Buy above 62 for target of 67 SL 61 (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