Market outlook for 02/11/11

Nifty closed down 68.65 points (1.29%) at 5257.95 while Nifty Future closed at 5291.40, premium of 33.45 points.
Bank Nifty closed down 167.40 points (1.68%) at 9822.25 while Future closed at 9869.05, premium of 46.80 points.

• FII sold in Cash (Net sell 20.66 Crore)
• FII bought in index option but sold in index future, stock future (Net buy 555.40 Crore)
• DII sold in Cash (Net sell 573.41 Crore)
• US futures are trading negative.
• Global cues are negative.
• SGX nifty is flat to negative as of now.
• Most Active Nifty Call Option: 5400 and 5500.
• Most Active Nifty Put Options: 5300 and 5200.
• Advance Decline for the day was 477:950.

NIFTY TECHNICAL

Current Spot: 5257.95
Pivot: 5269
5DEMA: 5256
10DEMA: 5198
20DEMA: 5127
50DEMA: 5105
RSI (14 days): 58.47
Parabolic SAR: 5199
Supports: 5227 - 5196 - 5155
Resistance: 5300 -5342 - 5372
CAM Support: 5251 - 5245 - 5238 - 5218
CAM Resistance: 5265 - 5271 - 5278 - 5298
NF VIX Range: 5208 - 5375

Nifty Future VWAP: 5297.52
MP Values Nifty Future: VAH - 5314, POC - 5292, VAL - 5270

TARGET NIFTY
Buy Nifty Future above 5300 - 5328 - 5365 - 5400 SL - 5287
Sell Nifty Future below 5283 - 5260 - 5225 - 5185 SL - 5298

BANKNIFTY TECHNICAL

Current Spot: 9822.25
Pivot: 9863
5DEMA: 9806
10DEMA: 9726
20DEMA: 9636
50DEMA: 9714
RSI (14 days): 54.77
Parabolic SAR: 9617
Supports: 9742 - 9661 - 9540
Resistance: 9944 - 10065 - 10145
CAM Support: 9804 - 9785 - 9767 - 9711
CAM Resistance: 9841 - 9859 - 9878 - 9933
Bank Nifty VIX Range: 9678 - 10060

Bank Nifty Future VWAP: 9909.05
MP Values Bank Nifty Future: VAH - 10013, POC - 9941, VAL - 9869

TARGET BANKNIFTY
Buy BankNifty Future above 9908 - 9980 - 10100 - 10190 SL - 9858
Sell BankNifty Future below 9855 - 9790 - 9700 - 9580 SL - 9905

INTRADAY TRADE
Reliance Industries: Buy above 870 for targets of 873, 878, 886 SL 863
Reliance Industries: Sell below 857 for targets of 854, 849, 841 SL 868
Ipcalab: Buy above 275 for targets of 279, 286 SL 268
PFC: Buy above 155.5 for targets of 157, 160 SL 152.5

SCORE SHEET
Bankbaroda: Buy above 775 for targets of 785, 800 SL 761: Target 811.40 achieved
Jetairways: Buy above 258 for targets of 262, 267 SL 255: Target 262.90 achieved

POSITIONAL TRADE
Essarports: Buy above 93 for target of 100 SL 89 (2-3 Days)
Fortis: Buy above 130 for target of 142 SL 127 (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