Market outlook for 20/09/11

Nifty closed down 52.30 points (1.03%) at 5031.95 while Nifty Future closed at 5037.15, premium of 5.20 points.
Bank Nifty closed down 136.70 points (1.41%) at 9583.55 while Future closed at 9563.70, discount of 19.85 points.

• FII sold in Cash (Net sell 166.21 Crore)
• FII sold in index future, stock future but bought in index option (Net sell 43.72 Crore)
• DII sold in Cash (Net sell 37.50 Crore)
• US futures are trading in RED.
• Global cues are flat to Negative.
• SGX nifty is flat to negative 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 631:782.

NIFTY TECHNICAL

Current Spot: 5031.95
Pivot: 5040
5DEMA: 5042
10DEMA: 5033
20DEMA: 5046
50DEMA: 5155
RSI (15 days): 47.42
Parabolic SAR: 4965
Supports: 5011 - 4991 - 4962
Resistance: 5060 - 5089 - 5110
NF VIX Range: 4967 - 5107

Nifty Future VWAP: 5039.06
MP Values Nifty Future: VAH - 5050 POC - 5039, VAL - 5028

TARGET NIFTY
Buy Nifty Future above 5043 - 5058 - 5080 - 5105 SL - 5033
Sell Nifty Future below 5030 - 5018 - 4995 - 4975 SL - 5042

BANKNIFTY TECHNICAL

Current Spot: 9583.55
Pivot: 9598
5DEMA: 9602
10DEMA: 9595
20DEMA: 9678
50DEMA: 10038
RSI (15 days): 44.83
Parabolic SAR: 9401
Supports: 9531 - 9479 - 9413
Resistance: 9650 - 9716 - 9768
Bank Nifty VIX Range: 9401 - 9727

Bank Nifty Future VWAP: 9577.62
MP Values Bank Nifty Future: VAH - 9601, POC - 9574, VAL - 9547

TARGET BANKNIFTY
Buy BankNifty Future above 9589 - 9633 - 9705 - 9760 SL - 9577
Sell BankNifty Future below 9549 - 9515 - 9460 - 9385 SL - 9587

INTRADAY TRADE
Reliance Industries: Buy above 826 for targets of 828, 831, 836 SL 820
Reliance Industries: Sell below 817 for targets of 815, 812, 807 SL 824
ErosMedia: Buy above 255 for targets of 258, 263 SL 251
Bfutilitie: Buy above 542 for targets of 547, 560 SL 529

SCORE SHEET
UFlex: Buy above 173 for targets of 175, 179 SL 169: Target 177.80 achieved
Recltd: Buy above 189 for targets of 192, 195 SL 185: Target 191.85 achieved

POSITIONAL TRADE
Lichsgfin: Buy above 218 for target of 224 SL 214 (2-3 Days)
Deltacorp: Buy above 113 for target of 120 SL 111 (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