Market outlook for 26/09/11

Nifty closed down 55.90 points (1.14%) at 4867.75 while Nifty Future closed at 4870.70, premium of 2.95 points.
Bank Nifty closed down 144.90 points (1.52%) at 9375.70 while Future closed at 9373.30, discount of 2.40 points.

• FII sold in Cash (Net sell 1279.61 Crore)
• FII sold in index future, index option but bought in stock future (Net sell 119.31 Crore)
• DII bought in Cash (Net buy 765.38 Crore)
• US futures are trading posiitive.
• Global cues are flat to positive.
• SGX nifty is flat as of now.
• Most Active Nifty Call Option: 4900 and 5000.
• Most Active Nifty Put Options: 4900 and 4800.
• Advance Decline for the day was 416:1031.

NIFTY TECHNICAL

Current Spot: 4867.75
Pivot: 4876
5DEMA: 4981
10DEMA: 5010
20DEMA: 5032
50DEMA: 5155
RSI (15 days): 39.52
Parabolic SAR: 5162
Supports: 4821 - 4775 - 4721
Resistance: 4922 - 4977 - 5023
NF VIX Range: 4786 - 4955

Nifty Future VWAP: 4877.19
MP Values Nifty Future: VAH - 4902, POC - 4877, VAL - 4852

TARGET NIFTY
Buy Nifty Future above 4878 - 4928 - 4985 - 5045 SL - 4868
Sell Nifty Future below 4863 - 4817 - 4761 - 4700 SL - 4877

BANKNIFTY TECHNICAL

Current Spot: 9375.70
Pivot: 9400
5DEMA: 9578
10DEMA: 9607
20DEMA: 9666
50DEMA: 10025
RSI (15 days): 41.32
Parabolic SAR: 9958
Supports: 9260 - 9144 - 9004
Resistance: 9516 - 9657 - 9772
Bank Nifty VIX Range: 9191 - 9556

Bank Nifty Future VWAP: 9385.18
MP Values Bank Nifty Future: VAH - 9449, POC - 9375, VAL - 9301

TARGET BANKNIFTY
Buy BankNifty Future above 9400 - 9515 - 9660 - 9790 SL - 9379
Sell BankNifty Future below 9359 - 9250 - 9120 - 9000 SL - 9396

INTRADAY TRADE
Reliance Industries: Buy above 780 for targets of 784, 790, 800 SL 774
Reliance Industries: Sell below 767 for targets of 763, 757, 747 SL 778
Bhartiartl: Buy above 377 for targets of 381, 390 SL 372
Emco: Buy above 53.5 for targets of 54, 55 SL 52

SCORE SHEET
Treehouse: Buy above 168 for targets of 171, 177 SL 166: Target 177.65 achieved
Gitanjali: Buy above 362 for targets of 365, 373 SL 358: High of 364, then SL Hit

POSITIONAL TRADE
RelCapital: Buy above 403 for target of 419 SL 398 (2-3 Days)
JpAssociat: Buy above 68 for target of 72 SL 66 (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