Market outlook for 29/09/11

Nifty closed down 25.35 points (0.51%) at 4945.90 while Nifty Future closed at 4936.65, discount of 9.25 points.
Bank Nifty closed down 107.80 points (1.12%) at 9512.15 while Future closed at 9498.90, discount of 13.25 points.

• FII bought in Cash (Net buy 184.97 Crore)
• FII bought in index option, stock future but sold in index future (Net buy 415.74 Crore)
• DII bought in Cash (Net buy 115.59 Crore)
• US futures are trading flat.
• Global cues are flat to negative.
• SGX nifty is flat as of now.
• Most Active Nifty Call Option: 4900 and 5000.
• Most Active Nifty Put Options: 5000 and 4900.
• Advance Decline for the day was 430:1010.

NIFTY TECHNICAL

Current Spot: 4945.90
Pivot: 4957
5DEMA: 4946
10DEMA: 4971
20DEMA: 5004
50DEMA: 5130
RSI (15 days): 45.05
Parabolic SAR: 5101
Supports: 4908 - 4869 - 4820
Resistance: 4995 - 5044 - 5083
NF VIX Range: 4852 - 5022

Nifty Future VWAP: 4940.10
MP Values Nifty Future: VAH - 4950, POC - 4929, VAL - 4908

TARGET NIFTY
Buy Nifty Future above 4950 - 4983 - 5032 - 5072 SL - 4936
Sell Nifty Future below 4929 - 4899 - 4860 - 4811 SL - 4948

BANKNIFTY TECHNICAL

Current Spot: 9512.15
Pivot: 9546
5DEMA: 9537
10DEMA: 9564
20DEMA: 9625
50DEMA: 9968
RSI (15 days): 45.19
Parabolic SAR: 9838
Supports: 9416 - 9319 - 9189
Resistance: 9642 - 9772 - 9869
Bank Nifty VIX Range: 9317 - 9681

Bank Nifty Future VWAP: 9510.83
MP Values Bank Nifty Future: VAH - 9593, POC - 9536, VAL - 9479

TARGET BANKNIFTY
Buy BankNifty Future above 9543 - 9645 - 9800 - 9915 SL - 9511
Sell BankNifty Future below 9485 - 9390 - 9275 - 9120 SL - 9540

INTRADAY TRADE
Reliance Industries: Buy above 802 for targets of 805, 810, 818 SL 796
Reliance Industries: Sell below 793 for targets of 790, 785, 777 SL 800
Canbk: Buy above 452 for targets of 457, 462 SL 445
Mcdowell-N: Buy above 807 for targets of 816, 826 SL 491

SCORE SHEET
DLF: Buy above 219 for targets of 222, 227 SL 214: Target 225.45 achieved
PGEL: Buy above 486 for targets of 492, 500 SL 479: Target 537.00 achieved

POSITIONAL TRADE
MundraPort: Buy above 160 for target of 167 SL 157 (2-3 Days)
Hexaware: Buy above 84 for target of 92 SL 82.5 (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