Market outlook for 28/09/11

Nifty closed up 135.85 points (2.81%) at 4971.25 while Nifty Future closed at 4977.85, premium of 6.60 points.
Bank Nifty closed up 235.45 points (2.51%) at 9619.95 while Future closed at 9643.30, premium of 23.35 points.

• FII bought in Cash (Net buy 34.08 Crore)
• FII bought in index future, index option and in stock future (Net buy 2782.78 Crore)
• DII bought in Cash (Net buy 270.05 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: 4900 and 5000.
• Most Active Nifty Put Options: 4900 and 4800.
• Advance Decline for the day was 1134:302.

NIFTY TECHNICAL

Current Spot: 4971.25
Pivot: 4953
5DEMA: 4945
10DEMA: 4977
20DEMA: 5010
50DEMA: 5136
RSI (15 days): 46.25
Parabolic SAR: 5123
Supports: 4923 - 4875 - 4845
Resistance: 5001 - 5031 - 5079
NF VIX Range: 4890 - 5066

Nifty Future VWAP: 4946.66
MP Values Nifty Future: VAH - 4989, POC - 4965, VAL - 4938

TARGET NIFTY
Buy Nifty Future above 4982 - 5010 - 5040 - 5090 SL - 4955
Sell Nifty Future below 4950 - 4928 - 4880 - 4845 SL - 4960

BANKNIFTY TECHNICAL

Current Spot: 9619.95
Pivot: 9603
5DEMA: 9549
10DEMA: 9576
20DEMA: 9637
50DEMA: 9985
RSI (15 days): 47.42
Parabolic SAR: 9881
Supports: 9545 - 9470 - 9412
Resistance: 9678 - 9736 - 9811
Bank Nifty VIX Range: 9456 - 9830

Bank Nifty Future VWAP: 9615.87
MP Values Bank Nifty Future: VAH - 9675, POC - 9637, VAL - 9573

TARGET BANKNIFTY
Buy BankNifty Future above 9651 - 9705 - 9775 - 9880 SL - 9602
Sell BankNifty Future below 9592 - 9545 - 9440 - 9370 SL - 9619

INTRADAY TRADE
Reliance Industries: Buy above 799 for targets of 803, 809, 820 SL 788
Reliance Industries: Sell below 786 for targets of 782, 776, 765 SL 792
DLF: Buy above 219 for targets of 222, 227 SL 214
PGEL: Buy above 486 for targets of 492, 500 SL 479

SCORE SHEET
IRB: Buy above 169 for targets of 170.5, 173 SL 166: Target 173.50 achieved
Rushil: Buy above 186 for targets of 189, 195 SL 179: Target 201.75 achieved

POSITIONAL TRADE
TataMotors: Buy above 156 for target of 161 SL 154 (2-3 Days)
Hathway: Buy above 104 for target of 115 SL 99 (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