Sunday, October 16, 2011

Market outlook for 17/10/11

Nifty closed up 54.45 points (1.07%) at 5132.30 while Nifty Future closed at 5143.35, premium of 11.05 points.
Bank Nifty closed up 69.15 points (0.72%) at 9660.40 while Future closed at 9674.05, premium of 13.65 points.
  • FII sold in Cash (Net sell 94.04 Crore)
  • FII sold in index option but bought in index future, stock future (Net sell 298.46 Crore)
  • DII sold in Cash (Net sell 237.85 Crore)
  • US futures are trading positive.
  • Global cues are flat to positive.
  • 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 743:685.
NIFTY TECHNICAL
Current Spot: 5132.30
Pivot: 5110
5DEMA: 5053
10DEMA: 5002
20DEMA: 4987
50DEMA: 5071
RSI (14 days): 57.60
Parabolic SAR: 4802
Supports: 5079 - 5025 - 4994
Resistance: 5166 -5195 - 5248
CAM Support: 5125 - 5117 - 5109 - 5086
CAM Resistance: 5140 - 5148 - 5156 - 5179
NF VIX Range: 5056 - 5230
Nifty Future VWAP: 5113.22
MP Values Nifty Future: VAH - 5124, POC - 5093, VAL - 5062

TARGET NIFTY
Buy Nifty Future above 5147 - 5177 - 5213 - 5270 SL - 5115
Sell Nifty Future below 5110 - 5084 - 5025 - 4990 SL - 5126

BANKNIFTY TECHNICAL
Current Spot: 9660.40
Pivot: 9626
5DEMA: 9459
10DEMA: 9379
20DEMA: 9414
50DEMA: 9735
RSI (14 days): 54.12
Parabolic SAR: 8746
Supports: 9561 - 9462 - 9396
Resistance: 9726 - 9791 - 9891
CAM Support: 9645 - 9630 - 9615 - 9570
CAM Resistance: 9676 - 9691 - 9706 - 9751
Bank Nifty VIX Range: 9470 - 9878
Bank Nifty Future VWAP: 9615.76
MP Values Bank Nifty Future: VAH - 9645, POC - 9593, VAL - 9541

TARGET BANKNIFTY
Buy BankNifty Future above 9681 - 9750 - 9830 - 9960 SL - 9615
Sell BankNifty Future below 9605 - 9545 - 9410 - 9335 SL - 9636

INTRADAY TRADE
Reliance Industries: Buy above 869 for targets of 873, 879, 889 SL 857
Reliance Industries: Sell below 855 for targets of 851, 845, 835 SL 862
TataMotors: Buy above 181 for targets of 182.5, 185 SL 177.5
Deltacorp: Buy above 105.5 for targets of 107, 109 SL 103.4

SCORE SHEET
Jubilant: Buy above 195 for targets of 196.5, 199.5 SL 191: Target 198.65 achieved
Mcdowell-n: Buy above 914 for targets of 924, 939 SL 899: Call not activated

POSITIONAL TRADE
Den: Buy above 91.5 for target of 99 SL 87 (2-3 Days)
Prakashcon: Buy above 184 for target of 196 SL 177 (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