Market outlook for 10/10/11

Nifty closed up 136.75 points (2.88%) at 4888.05 while Nifty Future closed at 4898.60, premium of 10.55 points.
Bank Nifty closed up 336.95 points (3.87%) at 9038.25 while Future closed at 9043.00, premium of 4.75 points.

• FII bought in Cash (Net buy 491.56 Crore)
• FII bought big in index future, index option but sold small in stock future (Net buy 2437.10 Crore)
• DII bought in Cash (Net buy 19.41 Crore)
• US futures ended flat.
• Global cues are flat.
• SGX nifty is flat 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 1056:378.

NIFTY TECHNICAL

Current Spot: 4888.05
Pivot: 4891
5DEMA: 4851
10DEMA: 4888
20DEMA: 4939
50DEMA: 5077
RSI (14 days): 45.51
Parabolic SAR: 4979
Supports: 4859 - 4829 - 4797
Resistance: 4920 - 4952 - 4981
CAM Support: 4882 - 4877 - 4871 - 4854
CAM Resistance: 4894 - 4899 - 4905 - 4922
NF VIX Range: 4814 - 4983

Nifty Future VWAP: 4910.05
MP Values Nifty Future: VAH - 4928, POC - 4909, VAL - 4890

TARGET NIFTY
Buy Nifty Future above 4907 - 4932 - 4965 - 4995 SL - 4901
Sell Nifty Future below 4891 - 4870 - 4840 - 4805 SL - 4906

BANKNIFTY TECHNICAL

Current Spot: 9038.25
Pivot: 9043
5DEMA: 9059
10DEMA: 9221
20DEMA: 9395
50DEMA: 9793
RSI (14 days): 40.64
Parabolic SAR: 9438
Supports: 8966 - 8893 - 8816
Resistance: 9115 - 9192 - 9265
CAM Support: 9025 - 9011 - 8997 - 8956
CAM Resistance: 9052 - 9066 - 9079 - 9120
Bank Nifty VIX Range: 8843 - 9243

Bank Nifty Future VWAP: 9053.95
MP Values Bank Nifty Future: VAH - 9111, POC - 9055, VAL - 8999

TARGET BANKNIFTY
Buy BankNifty Future above 9050 - 9145 - 9250 - 9365 SL - 9019
Sell BankNifty Future below 9022 - 8935 - 8820 - 8715 SL - 9045

INTRADAY TRADE
Reliance Industries: Buy above 805 for targets of 809, 815, 825 SL 797
Reliance Industries: Sell below 795 for targets of 791, 785, 775 SL 802
Jindalstel: Buy above 485 for targets of 491, 500 SL 476
Ster: Buy above 114 for targets of 114.7, 116 SL 112.2

SCORE SHEET
ArevaT&D: Buy above 227 for targets of 230, 235 SL 223: Target 231.00 achieved
CrompGreav: Buy above 148 for targets of 150, 153 SL 144.5: Target 151.50 achieved

POSITIONAL TRADE
TataMotors: Buy above 160 for target of 165 SL 157 (2-3 Days)
Sintex: Buy above 116 for target of 124 SL 113 (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