Market outlook for 19/10/11

Nifty closed down 80.75 points (1.58%) at 5037.50 while Nifty Future closed at 5044.90, premium of 7.40 points.
Bank Nifty closed down 137.40 points (1.41%) at 9583.90 while Future closed at 9579.10, discount of 4.80 points.

• FII sold in Cash (Net sell 285.19 Crore)
• FII sold in index future, stock future but bought in index option (Net sell 222.14 Crore)
• DII sold in Cash (Net sell 132.89 Crore)
• US futures are trading flat to negative.
• Global cues are flat to negative.
• SGX nifty is flat to negative as of now.
• Most Active Nifty Call Option: 5000 and 5100.
• Most Active Nifty Put Options: 5100 and 5000.
• Advance Decline for the day was 350:1078.

NIFTY TECHNICAL

Current Spot: 5037.50
Pivot: 5035
5DEMA: 5062
10DEMA: 5026
20DEMA: 5003
50DEMA: 5070
RSI (14 days): 51.66
Parabolic SAR: 4877
Supports: 5013 - 4989 - 4967
Resistance: 5060 -5082 - 5106
CAM Support: 5033 - 5029 - 5025 - 5012
CAM Resistance: 5042 - 5046 - 5050 - 5063
NF VIX Range: 4963 - 5127

Nifty Future VWAP: 5038.03
MP Values Nifty Future: VAH - 5046, POC - 5034, VAL - 5022

TARGET NIFTY
Buy Nifty Future above 5049 - 5065 - 5088 - 5115 SL - 5034
Sell Nifty Future below 5033 - 5020 - 4995 - 4970 SL - 5044

BANKNIFTY TECHNICAL

Current Spot: 9583.90
Pivot: 9570
5DEMA: 9559
10DEMA: 9468
20DEMA: 9457
50DEMA: 9728
RSI (14 days): 51.91
Parabolic SAR: 8925
Supports: 9506 - 9429 - 9365
Resistance: 9648 - 9712 - 9790
CAM Support: 9571 - 9558 - 9545 - 9506
CAM Resistance: 9597 - 9610 - 9623 - 9662
Bank Nifty VIX Range: 9387 - 9772

Bank Nifty Future VWAP: 9539.53
MP Values Bank Nifty Future: VAH - 9602, POC - 9552, VAL - 9502

TARGET BANKNIFTY
Buy BankNifty Future above 9589 - 9670 - 9780 - 9880 SL - 9567
Sell BankNifty Future below 9565 - 9485 - 9385 - 9280 SL - 9587

INTRADAY TRADE
Reliance Industries: Buy above 822 for targets of 825, 830, 838 SL 817
Reliance Industries: Sell below 815 for targets of 812, 807, 799 SL 821
GmdcLtd: Buy above 177 for targets of 180, 185 SL 172
Welcorp: Buy above 115 for targets of 116.5, 118.5 SL 112.5

SCORE SHEET
ErosMedia: Buy above 273 for targets of 276, 281 SL 268: Target 276.95 achieved
CrompGreav: Buy above 169 for targets of 170.5, 173 SL 165: Call not activated

POSITIONAL TRADE
CoalIndia: Buy above 331 for target of 340 SL 327 (2-3 Days)
KFA: Buy above 23.5 for target of 26 SL 22.9 (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