Market outlook for 27/09/11

Nifty closed down 32.35 points (0.66%) at 4835.40 while Nifty Future closed at 4844.30, premium of 8.90 points.
Bank Nifty closed up 8.80 points (0.09%) at 9384.50 while Future closed at 9390.30, premium of 5.80 points.

• FII sold in Cash (Net sell 1083.83 Crore)
• FII sold in index future, index option and in stock future (Net sell 1419.66 Crore)
• DII bought in Cash (Net buy 575.21 Crore)
• US futures are trading flat to posiitive.
• Global cues are flat to positive.
• SGX nifty is positive as of now.
• Most Active Nifty Call Option: 4800 and 4900.
• Most Active Nifty Put Options: 4800 and 4700.
• Advance Decline for the day was 308:1137.

NIFTY TECHNICAL

Current Spot: 4835.40
Pivot: 4825
5DEMA: 4932
10DEMA: 4978
20DEMA: 5014
50DEMA: 5142
RSI (15 days): 38.21
Parabolic SAR: 5146
Supports: 4770 - 4704 - 4649
Resistance: 4891 - 4946 - 5011
NF VIX Range: 4763 - 4926

Nifty Future VWAP: 4820.58
MP Values Nifty Future: VAH - 4857, POC - 4824, VAL - 4791

TARGET NIFTY
Buy Nifty Future above 4848 - 4894 - 4945 - 5015 SL - 4824
Sell Nifty Future below 4819 - 4776 - 4710 - 4655 SL - 4835

BANKNIFTY TECHNICAL

Current Spot: 9384.50
Pivot: 9339
5DEMA: 9513
10DEMA: 9566
20DEMA: 9639
50DEMA: 10000
RSI (15 days): 41.55
Parabolic SAR: 9927
Supports: 9211 - 9037 - 8909
Resistance: 9513 - 9641 - 9815
Bank Nifty VIX Range: 9213 - 9567

Bank Nifty Future VWAP: 9320.22
MP Values Bank Nifty Future: VAH - 9453, POC - 9354, VAL - 9255

TARGET BANKNIFTY
Buy BankNifty Future above 9397 - 9522 - 9655 - 9840 SL - 9339
Sell BankNifty Future below 9329 - 9215 - 9030 - 8895 SL - 9358

INTRADAY TRADE
Reliance Industries: Buy above 761 for targets of 765, 771, 781 SL 757
Reliance Industries: Sell below 755 for targets of 751, 745, 735 SL 761
IRB: Buy above 169 for targets of 170.5, 173 SL 166
Rushil: Buy above 186 for targets of 189, 195 SL 179

SCORE SHEET
Bhartiartl: Buy above 377 for targets of 381, 390 SL 372: Target 385.35 achieved
Emco: Buy above 53.5 for targets of 54, 55 SL 52: Call not activated

POSITIONAL TRADE
DLF: Buy above 202 for target of 213 SL 198 (2-3 Days)
Den: Buy above 62 for target of 67 SL 60 (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