Tuesday, October 11, 2011

Market outlook for 12/10/11

Nifty closed down 5.25 points (0.11%) at 4974.35 while Nifty Future closed at 4982.45, premium of 8.10 points.
Bank Nifty closed up 9.75 points (0.11%) at 9178.65 while Future closed at 9176.40, discount of 2.25 points.
  • FII bought in Cash (Net buy 114.15 Crore)
  • FII bought in index future, index option but sold in stock future (Net buy 1317.80 Crore)
  • DII bought in Cash (Net buy 108.17 Crore)
  • US futures are trading positive.
  • Global cues are flat.
  • SGX nifty is flat as of now.
  • Most Active Nifty Call Option: 5000 and 5100.
  • Most Active Nifty Put Options: 5000 and 4900.
  • Advance Decline for the day was 824:605.
NIFTY TECHNICAL
Current Spot: 4974.35
Pivot: 4994
5DEMA: 4921
10DEMA: 4917
20DEMA: 4946
50DEMA: 5069
RSI (14 days): 50.12
Parabolic SAR: 4735
Supports: 4944 - 4913 - 4863
Resistance: 5025 -5076 - 5106
CAM Support: 4967 - 4959 - 4952 - 4930
CAM Resistance: 4982 - 4989 - 4997 - 5019
NF VIX Range: 4898 - 5067
Nifty Future VWAP: 5014.46
MP Values Nifty Future: VAH - 5055, POC - 5030, VAL - 5004

TARGET NIFTY
Buy Nifty Future above 5006 - 5032 - 5080 - 5115 SL - 4990
Sell Nifty Future below 4975 - 4955 - 4920 - 4875 SL - 5005

BANKNIFTY TECHNICAL
Current Spot: 9178.65
Pivot: 9230
5DEMA: 9123
10DEMA: 9206
20DEMA: 9355
50DEMA: 9745
RSI (14 days): 43.90
Parabolic SAR: 8626
Supports: 9097 - 9015 - 8882
Resistance: 9312 - 9445 - 9527
CAM Support: 9159 - 9139 - 9119 - 9060
CAM Resistance: 9198 - 9218 - 9238 - 9297
Bank Nifty VIX Range: 8983 - 9370
Bank Nifty Future VWAP: 9256.66
MP Values Bank Nifty Future: VAH - 9333, POC - 9258, VAL - 9183

TARGET BANKNIFTY
Buy BankNifty Future above 9237 - 9315 - 9455 - 9540 SL - 9216
Sell BankNifty Future below 9163 - 9090 - 9005 - 8860 SL - 9234

INTRADAY TRADE
Reliance Industries: Buy above 834 for targets of 838, 844, 854 SL 828
Reliance Industries: Sell below 823 for targets of 819, 813, 803 SL 832
Recltd: Buy above 178 for targets of 181, 187 SL 175
Satyamcomp: Buy above 72 for targets of 73, 74 SL 71.3

SCORE SHEET
Gitanjali: Buy above 377 for targets of 381, 387 SL 370: Target 385.50 achieved
Jublfood: Buy above 755 for targets of 763, 776 SL 739: Target 830.00 achieved

POSITIONAL TRADE
Aban: Buy above 387 for target of 410 SL 370 (2-3 Days)
Gitanjali: Buy above 381 for target of 410 SL 364 (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