Market outlook for 21/09/11

Nifty closed up 108.25 points (2.15%) at 5140.20 while Nifty Future closed at 5156.70, premium of 16.50 points.
Bank Nifty closed up 229.15 points (2.39%) at 9812.70 while Future closed at 9826.80, premium of 14.10 points.

• FII bought in Cash (Net buy 318.84 Crore)
• FII bought in index future, index option but sold in stock future (Net buy 390.96 Crore)
• DII sold in Cash (Net sell 317.69 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 989:445.

NIFTY TECHNICAL

Current Spot: 5140.20
Pivot: 5108
5DEMA: 5075
10DEMA: 5053
20DEMA: 5055
50DEMA: 5154
RSI (15 days): 53.57
Parabolic SAR: 4986
Supports: 5067 - 4994 - 4952
Resistance: 5182 - 5223 - 5296
NF VIX Range: 5081 - 5232

Nifty Future VWAP: 5110.40
MP Values Nifty Future: VAH - 5147, POC - 5102, VAL - 5057

TARGET NIFTY
Buy Nifty Future above 5161 - 5202 - 5250 - 5330 SL - 5117
Sell Nifty Future below 5112 - 5075 - 4990 - 4945 SL - 5142

BANKNIFTY TECHNICAL

Current Spot: 9812.70
Pivot: 9747
5DEMA: 9672
10DEMA: 9635
20DEMA: 9691
50DEMA: 10029
RSI (15 days): 50.58
Parabolic SAR: 9458
Supports: 9645 - 9477 - 9375
Resistance: 9915 - 10017 - 10185
Bank Nifty VIX Range: 9653 - 10000

Bank Nifty Future VWAP: 9721.27
MP Values Bank Nifty Future: VAH - 9792, POC - 9697, VAL - 9602

TARGET BANKNIFTY
Buy BankNifty Future above 9834 - 9934 - 10046 - 10235 SL - 9743
Sell BankNifty Future below 9733 - 9641 - 9461 - 9340 SL - 9773

INTRADAY TRADE
Reliance Industries: Buy above 854 for targets of 858, 864, 874 SL 839
Reliance Industries: Sell below 836 for targets of 832, 826, 816 SL 843
Gitanjali: Buy above 358 for targets of 361, 367 SL 354
Hindalco: Buy above 150.5 for targets of 152, 154 SL 147.5

SCORE SHEET
ErosMedia: Buy above 255 for targets of 258, 263 SL 251: Target 260.80 achieved
Bfutilitie: Buy above 542 for targets of 547, 560 SL 529: Target 551.50 achieved

POSITIONAL TRADE
Escorts: Buy above 77.5 for target of 81 SL 75.5 (2-3 Days)
RajeshExpo: Buy above 140 for target of 155 SL 134 (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