Market outlook for 13/10/11

Nifty closed up 125.05 points (2.51%) at 5099.40 while Nifty Future closed at 5112.85, premium of 13.45 points.
Bank Nifty closed up 303.65 points (3.31%) at 9482.30 while Future closed at 9499.75, premium of 17.45 points.

• FII bought in Cash (Net buy 595.01 Crore)
• FII bought in index future, index option and in stock future (Net buy 1443.22 Crore)
• DII sold in Cash (Net sell 106.55 Crore)
• US futures are trading positive.
• Global cues are flat.
• SGX nifty is flat as of now.
• Most Active Nifty Call Option: 5100 and 5200.
• Most Active Nifty Put Options: 5000 and 4900.
• Advance Decline for the day was 1018:407.

NIFTY TECHNICAL

Current Spot: 5099.40
Pivot: 5069
5DEMA: 4980
10DEMA: 4950
20DEMA: 4960
50DEMA: 5063
RSI (14 days): 56.41
Parabolic SAR: 4750
Supports: 5028 - 4957 - 4916
Resistance: 5140 -5181 - 5252
CAM Support: 5089 - 5079 - 5069 - 5038
CAM Resistance: 5110 - 5120 - 5130 - 5161
NF VIX Range: 5027 - 5199

Nifty Future VWAP: 5056.13
MP Values Nifty Future: VAH - 5090, POC - 5057, VAL - 5024

TARGET NIFTY
Buy Nifty Future above 5117 - 5152 - 5190 - 5260 SL - 5075
Sell Nifty Future below 5070 - 5040 - 4965 - 4920 SL - 5095

BANKNIFTY TECHNICAL

Current Spot: 9482.30
Pivot: 9397
5DEMA: 9243
10DEMA: 9256
20DEMA: 9367
50DEMA: 9726
RSI (14 days): 50.72
Parabolic SAR: 8644
Supports: 9279 - 9076 - 8959
Resistance: 9600 - 9717 - 9920
CAM Support: 9453 - 9424 - 9394 - 9306
CAM Resistance: 9512 - 9541 - 9570 - 9659
Bank Nifty VIX Range: 9299 - 9700

Bank Nifty Future VWAP: 9340.52
MP Values Bank Nifty Future: VAH - 9387, POC - 9302, VAL - 9217

TARGET BANKNIFTY
Buy BankNifty Future above 9507 - 9615 - 9750 - 9940 SL - 9403
Sell BankNifty Future below 9393 - 9290 - 9065 - 8950 SL - 9432

INTRADAY TRADE
Reliance Industries: Buy above 852 for targets of 857, 864, 876 SL 840
Reliance Industries: Sell below 838 for targets of 834, 828, 818 SL 845
IciciBank: Buy above 863 for targets of 869, 880 SL 850
Jindalstel: Buy above 519 for targets of 526, 540 SL 510

SCORE SHEET
Recltd: Buy above 178 for targets of 181, 187 SL 175: Target 180.95 achieved
Satyamcomp: Buy above 72 for targets of 73, 74 SL 71.3: Target 74.90 achieved

POSITIONAL TRADE
Welcorp: Buy above 123 for target of 128 SL 120 (2-3 Days)
Deltacorp: Buy above 103 for target of 110 SL 101 (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