Market outlook for 11/10/11

Nifty closed up 91.55 points (1.87%) at 4979.60 while Nifty Future closed at 4993.30, premium of 13.70 points.
Bank Nifty closed up 130.65 points (1.45%) at 9168.90 while Future closed at 9190.25, premium of 21.35 points.

• FII bought in Cash (Net buy 211.71 Crore)
• FII bought in index future, index option and stock future (Net buy 469.55 Crore)
• DII sold in Cash (Net sell 37.13 Crore)
• US futures are trading in positive.
• Global cues are flat.
• SGX nifty is flat to positive as of now.
• Most Active Nifty Call Option: 5000 and 5100.
• Most Active Nifty Put Options: 4900 and 4800.
• Advance Decline for the day was 959:461.

NIFTY TECHNICAL

Current Spot: 4979.60
Pivot: 4951
5DEMA: 4894
10DEMA: 4904
20DEMA: 4943
50DEMA: 5073
RSI (14 days): 50.39
Parabolic SAR: 4728
Supports: 4911 - 4842 - 4802
Resistance: 5020 -5060 - 5129
CAM Support: 4970 - 4960 - 4950 - 4920
CAM Resistance: 4990 - 5000 - 5010 - 5040
NF VIX Range: 4906 - 5080

Nifty Future VWAP: 4953.95
MP Values Nifty Future: VAH - 4986, POC - 4954, VAL - 4922

TARGET NIFTY
Buy Nifty Future above 4997 - 5030 - 5070 - 5140 SL - 4960
Sell Nifty Future below 4955 - 4925 - 4855 - 4815 SL - 4969

BANKNIFTY TECHNICAL

Current Spot: 9168.90
Pivot: 9114
5DEMA: 9095
10DEMA: 9212
20DEMA: 9373
50DEMA: 9769
RSI (14 days): 43.67
Parabolic SAR: 9341
Supports: 9038 - 8906 - 8830
Resistance: 9246 - 9322 - 9453
CAM Support: 9150 - 9131 - 9112 - 9055
CAM Resistance: 9188 - 9207 - 9226 - 9283
Bank Nifty VIX Range: 8990 - 9390

Bank Nifty Future VWAP: 9119.61
MP Values Bank Nifty Future: VAH - 9195, POC - 9139, VAL - 9083

TARGET BANKNIFTY
Buy BankNifty Future above 9197 - 9270 - 9355 - 9500 SL - 9126
Sell BankNifty Future below 9117 - 9050 - 8910 - 8825 SL - 9145

INTRADAY TRADE
Reliance Industries: Buy above 831 for targets of 836, 843, 855 SL 819
Reliance Industries: Sell below 817 for targets of 812, 806, 796 SL 824
Gitanjali: Buy above 377 for targets of 381, 387 SL 370
Jublfood: Buy above 755 for targets of 763, 776 SL 739

SCORE SHEET
Jindalstel: Buy above 485 for targets of 491, 500 SL 476: Target 492.90 achieved
Ster: Buy above 114 for targets of 114.7, 116 SL 112.2: Target 118.00 achieved

POSITIONAL TRADE
Electherm: Buy above 160 for target of 175 SL 153 (2-3 Days)
Deltacorp: Buy above 101 for target of 110 SL 98 (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