Market outlook for 01/11/11

Nifty closed down 34.10 points (0.64%) at 5326.60 while Nifty Future closed at 5347.10, premium of 20.50 points.
Bank Nifty closed up 72.60 points (0.73%) at 9989.65 while Future closed at 10016.70, premium of 27.05 points.

• FII bought huge in Cash (Net buy 358.78 Crore)
• FII bought in index option but sold in index future, stock future (Net buy 329.70 Crore)
• DII sold in Cash (Net sell 276.36 Crore)
• US futures are trading flat to negative.
• Global cues are flat to negative.
• SGX nifty is flat to negative as of now.
• Most Active Nifty Call Option: 5400 and 5500.
• Most Active Nifty Put Options: 5300 and 5200.
• Advance Decline for the day was 738:693.

NIFTY TECHNICAL

Current Spot: 5326.60
Pivot: 5334
5DEMA: 5254
10DEMA: 5184
20DEMA: 5113
50DEMA: 5099
RSI (14 days): 63.13
Parabolic SAR: 5155
Supports: 5307 - 5288 - 5262
Resistance: 5353 -5379 - 5399
CAM Support: 5322 - 5318 - 5314 - 5301
CAM Resistance: 5331 - 5335 - 5339 - 5352
NF VIX Range: 5261 - 5433

Nifty Future VWAP: 5353.15
MP Values Nifty Future: VAH - 5362, POC - 5353, VAL - 5344

TARGET NIFTY
Buy Nifty Future above 5357 - 5369 - 5390 - 5415 SL - 5342
Sell Nifty Future below 5339 - 5331 - 5310 - 5290 SL - 5356

BANKNIFTY TECHNICAL

Current Spot: 9989.65
Pivot: 9966
5DEMA: 9798
10DEMA: 9705
20DEMA: 9617
50DEMA: 9710
RSI (14 days): 59.55
Parabolic SAR: 9516
Supports: 9851 - 9712 - 9598
Resistance: 10104 - 10219 - 10357
CAM Support: 9966 - 9943 - 9920 - 9850
CAM Resistance: 10013 - 10036 - 10059 - 10129
Bank Nifty VIX Range: 9820 - 10213

Bank Nifty Future VWAP: 9994.87
MP Values Bank Nifty Future: VAH - 10090, POC - 10016, VAL - 9942

TARGET BANKNIFTY
Buy BankNifty Future above 10024 - 10130 - 10260 - 10400 SL - 9987
Sell BankNifty Future below 9985 - 9880 - 9740 - 9620 SL - 10015

INTRADAY TRADE
Reliance Industries: Buy above 888 for targets of 892, 898, 908 SL 881
Reliance Industries: Sell below 873 for targets of 869, 863, 853 SL 885
Bankbaroda: Buy above 775 for targets of 785, 800 SL 761
Jetairways: Buy above 258 for targets of 262, 267 SL 255

SCORE SHEET
TataSteel: Buy above 486 for targets of 491, 500 SL 480 : Target 488.65 achieved and SL Hit
Onelifecap: Buy above 226 for targets of 230, 236 SL 217 : Target 233.40 achieved

POSITIONAL TRADE
Hindunilvr: Buy above 378 for target of 396 SL 366 (2-3 Days)
Vijayabank: Buy above 62 for target of 70 SL 59 (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