Market outlook for 14/10/11

Nifty closed down 21.55 points (0.42%) at 5077.85 while Nifty Future closed at 5074.05, discount of 3.80 points.
Bank Nifty closed up 108.95 points (1.15%) at 9591.25 while Future closed at 9499.75, discount of 38.90 points.

• FII bought in Cash (Net buy 670.08 Crore)
• FII bought in index future, index option but sold in stock future (Net buy 327.80 Crore)
• DII sold in Cash (Net sell 257.36 Crore)
• US futures are trading flat to negative.
• Global cues are flat to negative.
• SGX nifty is flat as of now.
• Most Active Nifty Call Option: 5100 and 5200.
• Most Active Nifty Put Options: 5100 and 5000.
• Advance Decline for the day was 701:721.

NIFTY TECHNICAL

Current Spot: 5077.85
Pivot: 5094
5DEMA: 5013
10DEMA: 4973
20DEMA: 4971
50DEMA: 5069
RSI (14 days): 55.05
Parabolic SAR: 4773
Supports: 5051 - 5025 - 4982
Resistance: 5121 -5163 - 5190
CAM Support: 5071 - 5065 - 5059 - 5040
CAM Resistance: 5084 - 5091 - 5097 - 5116
NF VIX Range: 4988 - 5160

Nifty Future VWAP: 5100.29
MP Values Nifty Future: VAH - 5122, POC - 5100, VAL - 5078

TARGET NIFTY
Buy Nifty Future above 5097 - 5118 - 5160 - 5190 SL - 5085
Sell Nifty Future below 5066 - 5049 - 5025 - 4980 SL - 5096

BANKNIFTY TECHNICAL

Current Spot: 9591.25
Pivot: 9608
5DEMA: 9359
10DEMA: 9317
20DEMA: 9388
50DEMA: 9730
RSI (14 days): 52.84
Parabolic SAR: 8686
Supports: 9531 - 9470 - 9393
Resistance: 9669 - 9746 - 9806
CAM Support: 9579 - 9566 - 9553 - 9515
CAM Resistance: 9604 - 9617 - 9629 - 9667
Bank Nifty VIX Range: 9347 - 9758

Bank Nifty Future VWAP: 9590.61
MP Values Bank Nifty Future: VAH - 9620, POC - 9590, VAL - 9560

TARGET BANKNIFTY
Buy BankNifty Future above 9588 - 9630 - 9715 - 9770 SL - 9466
Sell BankNifty Future below 9538 - 9501 - 9446 - 8365 SL - 9586

INTRADAY TRADE
Reliance Industries: Buy above 853 for targets of 856, 861, 869 SL 847
Reliance Industries: Sell below 843 for targets of 840, 835, 827 SL 851
Jubilant: Buy above 195 for targets of 196.5, 199.5 SL 191
Mcdowell-n: Buy above 914 for targets of 924, 939 SL 899

SCORE SHEET
IciciBank: Buy above 863 for targets of 869, 880 SL 850: Target 888.80 achieved
Jindalstel: Buy above 519 for targets of 526, 540 SL 510: Call not activated

POSITIONAL TRADE
YesBank: Buy above 285 for target of 295 SL 280 (2-3 Days)
DCB: Buy above 44 for target of 47 SL 43 (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