Market outlook for 22/09/11

Nifty closed down 6.95 points (0.14%) at 5133.25 while Nifty Future closed at 5141.30, premium of 8.05 points.
Bank Nifty closed up 116.30 points (1.19%) at 9929.00 while Future closed at 9913.05, discount of 15.95 points.

• FII bought in Cash (Net buy 243.45 Crore)
• FII bought in index option but sold in index future, stock future (Net buy 603.06 Crore)
• DII sold in Cash (Net sell 15.48 Crore)
• US futures are trading negaitive.
• Global cues are flat to negative.
• 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 830:603.

NIFTY TECHNICAL

Current Spot: 5133.25
Pivot: 5137
5DEMA: 5094
10DEMA: 5067
20DEMA: 5062
50DEMA: 5155
RSI (15 days): 53.15
Parabolic SAR: 5004
Supports: 5106 - 5079 - 5047
Resistance: 5164 - 5196 - 5223
NF VIX Range: 5068 - 5215

Nifty Future VWAP: 5141.22
MP Values Nifty Future: VAH - 5164, POC - 5148, VAL - 5132

TARGET NIFTY
Buy Nifty Future above 5147 - 5170 - 5200 - 5230 SL - 5136
Sell Nifty Future below 5134 - 5115 - 5085 - 5055 SL - 5145

BANKNIFTY TECHNICAL

Current Spot: 9929.00
Pivot: 9900
5DEMA: 9758
10DEMA: 9688
20DEMA: 9713
50DEMA: 10023
RSI (15 days): 53.28
Parabolic SAR: 9510
Supports: 9838 - 9747 - 9684
Resistance: 9992 - 10054 - 10145
Bank Nifty VIX Range: 9742 - 10084

Bank Nifty Future VWAP: 9889.67
MP Values Bank Nifty Future: VAH - 9915, POC - 9886, VAL - 9857

TARGET BANKNIFTY
Buy BankNifty Future above 9920 - 9975 - 10040 - 10130 SL - 9881
Sell BankNifty Future below 9873 - 9828 - 9740 - 9675 SL - 9907

INTRADAY TRADE
Reliance Industries: Buy above 844 for targets of 846, 849, 854 SL 838
Reliance Industries: Sell below 833 for targets of 831, 828, 823 SL 840
Timken: Buy above 221 for targets of 224, 230 SL 216
Jindalpoly: Buy above 226 for targets of 230, 235 SL 223

SCORE SHEET
Gitanjali: Buy above 358 for targets of 361, 367 SL 354: Target 372.00 achieved
Hindalco: Buy above 150.5 for targets of 152, 154 SL 147.5: SL Hit

POSITIONAL TRADE
CenturyTex: Buy above 306 for target of 317 SL 301 (2-3 Days)
Arvind: Buy above 98.5 for target of 105 SL 96.5 (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