Market outlook for 18/10/11

Nifty closed down 14.05 points (0.27%) at 5118.25 while Nifty Future closed at 5115.85, discount of 2.40 points.
Bank Nifty closed up 60.90 points (0.63%) at 9721.30 while Future closed at 9702.10, discount of 19.20 points.

• FII bought in Cash (Net buy 378.71 Crore)
• FII sold in index option and stock future but bought in index future (Net sell 306.21 Crore)
• DII sold in Cash (Net sell 321.41 Crore)
• US futures are trading negative.
• Global cues are flat to negative.
• SGX nifty is flat to negative 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 672:764.

NIFTY TECHNICAL

Current Spot: 5118.25
Pivot: 5121
5DEMA: 5074
10DEMA: 5023
20DEMA: 4999
50DEMA: 5071
RSI (14 days): 56.68
Parabolic SAR: 4838
Supports: 5082 - 5045 - 5006
Resistance: 5157 -5197 - 5233
CAM Support: 5111 - 5104 - 5097 - 5077
CAM Resistance: 5125 - 5132 - 5139 - 5160
NF VIX Range: 5032 - 5200

Nifty Future VWAP: 5118.57
MP Values Nifty Future: VAH - 5127, POC - 5107, VAL - 5087

TARGET NIFTY
Buy Nifty Future above 5123 - 5155 - 5195 - 5235 SL - 5112
Sell Nifty Future below 5108 - 5085 - 5045 - 5000 SL - 5122

BANKNIFTY TECHNICAL

Current Spot: 9721.30
Pivot: 9725
5DEMA: 9547
10DEMA: 9442
20DEMA: 9444
50DEMA: 9734
RSI (14 days): 55.33
Parabolic SAR: 8830
Supports: 9662 - 9603 - 9541
Resistance: 9784 - 9847 - 9906
CAM Support: 9710 - 9699 - 9688 - 9654
CAM Resistance: 9732 - 9744 - 9755 - 9788
Bank Nifty VIX Range: 9497 - 9907

Bank Nifty Future VWAP: 9719.78
MP Values Bank Nifty Future: VAH - 9751, POC - 9722, VAL - 9693

TARGET BANKNIFTY
Buy BankNifty Future above 9723 - 9770 - 9840 - 9900 SL - 9695
Sell BankNifty Future below 9688 - 9550 - 9590 - 9520 SL - 9720

INTRADAY TRADE
Reliance Industries: Buy above 849 for targets of 853, 859, 869 SL 843
Reliance Industries: Sell below 835 for targets of 831, 825, 815 SL 847
ErosMedia: Buy above 273 for targets of 276, 281 SL 268
CrompGreav: Buy above 169 for targets of 170.5, 173 SL 165

SCORE SHEET
TataMotors: Buy above 181 for targets of 182.5, 185 SL 177.5: Target 191.20 achieved
Deltacorp: Buy above 105.5 for targets of 107, 109 SL 103.4: Call not activated

POSITIONAL TRADE
TataMotors: Buy above 189 for target of 195 SL 187 (2-3 Days)
Apecht: Buy above 121 for target of 128 SL 119 (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