Market outlook for 07/10/11

Nifty closed down 20.85 points (0.44%) at 4751.30 while Nifty Future closed at 4769.30, premium of 18.00 points.
Bank Nifty closed down 212.05 points (2.38%) at 8701.30 while Future closed at 8710.95, premium of 9.65 points.

• FII sold in Cash (Net sell 1008.87 Crore)
• FII sold in index option, stock future but bought in index future (Net sell 463.24 Crore)
• DII bought in Cash (Net buy 322.40 Crore)
• US futures are trading flat to positive.
• 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: 4700 and 4600.
• Advance Decline for the day was 486:950.

NIFTY TECHNICAL

Current Spot: 4751.30
Pivot: 4773
5DEMA: 4832
10DEMA: 4888
20DEMA: 4944
50DEMA: 5086
RSI (14 days): 36.95
Parabolic SAR: 5001
Supports: 4719 - 4687 - 4632
Resistance: 4806 - 4860 - 4893
NF VIX Range: 4691 - 4848

Nifty Future VWAP: 4793.56
MP Values Nifty Future: VAH - 4823, POC - 4799, VAL - 4775

TARGET NIFTY
Buy Nifty Future above 4790 - 4825 - 4880 - 4920 SL - 4779
Sell Nifty Future below 4762 - 4732 - 4690 - 4635 SL - 4789

BANKNIFTY TECHNICAL

Current Spot: 8701.30
Pivot: 8773
5DEMA: 9069
10DEMA: 9262
20DEMA: 9433
50DEMA: 9838
RSI (14 days): 31.80
Parabolic SAR: 9549
Supports: 8555 - 8408 - 8189
Resistance: 8920 - 9139 - 9285
Bank Nifty VIX Range: 8530 - 8892

Bank Nifty Future VWAP: 8772.72
MP Values Bank Nifty Future: VAH - 8822, POC - 8725, VAL - 8638

TARGET BANKNIFTY
Buy BankNifty Future above 8789 - 8925 - 9140 - 9285 SL - 8759
Sell BankNifty Future below 8698 - 8570 - 8430 - 8220 SL - 8787

INTRADAY TRADE
Reliance Industries: Buy above 773 for targets of 775, 778, 783 SL 767
Reliance Industries: Sell below 763 for targets of 761, 758, 753 SL 771
ArevaT&D: Buy above 227 for targets of 230, 235 SL 223
CrompGreav: Buy above 148 for targets of 150, 153 SL 144.5

SCORE SHEET
Lichsgfin: Buy above 217 for targets of 219, 222 SL 215: Target 219.50 achieved
Petronet: Buy above 163 for targets of 165, 168 SL 161: Call not activated

POSITIONAL TRADE
HDFC: Buy above 620 for target of 649 SL 605 (2-3 Days)
IndHotel: Buy above 70 for target of 77 SL 68 (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