Market outlook for 20/10/11

Nifty closed up 101.65 points (2.02%) at 5139.15 while Nifty Future closed at 5149.40, premium of 10.25 points.
Bank Nifty closed up 257.45 points (2.69%) at 9841.35 while Future closed at 9856.35, premium of 15.00 points.

• FII sold in Cash (Net sell 14.45 Crore)
• FII bought in index future, stock future and in index option (Net buy 804.63 Crore)
• DII sold in Cash (Net sell 94.46 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 954:461.

NIFTY TECHNICAL

Current Spot: 5139.15
Pivot: 5121
5DEMA: 5088
10DEMA: 5047
20DEMA: 5016
50DEMA: 5077
RSI (14 days): 56.73
Parabolic SAR: 4911
Supports: 5094 - 5048 - 5021
Resistance: 5166 -5194 - 5239
CAM Support: 5132 - 5126 - 5119 - 5099
CAM Resistance: 5146 - 5152 - 5159 - 5179
NF VIX Range: 5064 - 5235

Nifty Future VWAP: 5120.05
MP Values Nifty Future: VAH - 5145, POC - 5121, VAL - 5097

TARGET NIFTY
Buy Nifty Future above 5153 - 5175 - 5205 - 5245 SL - 5123
Sell Nifty Future below 5118 - 5095 - 5045 - 5010 SL - 5138

BANKNIFTY TECHNICAL

Current Spot: 9841.35
Pivot: 9793
5DEMA: 9653
10DEMA: 9535
20DEMA: 9494
50DEMA: 9739
RSI (14 days): 57.15
Parabolic SAR: 9019
Supports: 9721 - 9601 - 9528
Resistance: 9914 - 9986 - 10107
CAM Support: 9824 - 9806 - 9788 - 9735
CAM Resistance: 9859 - 9876 - 9894 - 9947
Bank Nifty VIX Range: 9652 - 10060

Bank Nifty Future VWAP: 9784.60
MP Values Bank Nifty Future: VAH - 9837, POC - 9790, VAL - 9743

TARGET BANKNIFTY
Buy BankNifty Future above 9864 - 9935 - 10015 - 10170 SL - 9786
Sell BankNifty Future below 9776 - 9715 - 9575 - 9490 SL - 9816

INTRADAY TRADE
Reliance Industries: Buy above 845 for targets of 849, 855, 865 SL 835
Reliance Industries: Sell below 833 for targets of 829, 823, 813 SL 840
Aban: Buy above 413 for targets of 417, 424 SL 406
Onelifecap: Buy above 199 for targets of 202, 206 SL 195

SCORE SHEET
GmdcLtd: Buy above 177 for targets of 180, 185 SL 172: Target 186.00 achieved
Welcorp: Buy above 115 for targets of 116.5, 118.5 SL 112.5: Target 116.45 achieved

POSITIONAL TRADE
IciciBank: Buy above 906 for target of 930 SL 897 (2-3 Days)
Idfc: Buy above 127 for target of 136 SL 125 (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