Market outlook for 03/11/11

Nifty closed up 0.50 points (0.01%) at 5258.45 while Nifty Future closed at 5280.20, premium of 21.75 points.
Bank Nifty closed down 41.20 points (0.42%) at 9781.05 while Future closed at 9824.35, premium of 43.30 points.

• FII sold in Cash (Net sell 7.78 Crore)
• FII sold in index future, index option and stock future (Net sell 649.89 Crore)
• DII sold in Cash (Net sell 7.79 Crore)
• US futures are trading flat to positive.
• Global cues are flat.
• SGX nifty is flat 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 689:740.

NIFTY TECHNICAL

Current Spot: 5258.45
Pivot: 5255
5DEMA: 5257
10DEMA: 5209
20DEMA: 5139
50DEMA: 5106
RSI (14 days): 58.52
Parabolic SAR: 5205
Supports: 5209 - 5159 - 5114
Resistance: 5304 -5350 - 5399
CAM Support: 5250 - 5241 - 5232 - 5206
CAM Resistance: 5267 - 5276 - 5285 - 5311
NF VIX Range: 5199 - 5361

Nifty Future VWAP: 5297.20
MP Values Nifty Future: VAH - 5332, POC - 5310, VAL - 5288

TARGET NIFTY
Buy Nifty Future above 5090 - 5325 - 5370 - 5410 SL - 5274
Sell Nifty Future below 5272 - 5240 - 5200 - 5150 SL - 5289

BANKNIFTY TECHNICAL

Current Spot: 9781.05
Pivot: 9799
5DEMA: 9798
10DEMA: 9736
20DEMA: 9650
50DEMA: 9700
RSI (14 days): 53.70
Parabolic SAR: 9701
Supports: 9709 - 9637 - 9547
Resistance: 9871 - 9961 - 10033
CAM Support: 9766 - 9751 - 9737 - 9692
CAM Resistance: 9796 - 9811 - 9826 - 9870
Bank Nifty VIX Range: 9640 - 10009

Bank Nifty Future VWAP: 9860.81
MP Values Bank Nifty Future: VAH - 9938, POC - 9887, VAL - 9834

TARGET BANKNIFTY
Buy BankNifty Future above 9842 - 9920 - 10020 - 10120 SL - 9812
Sell BankNifty Future below 9810 - 9735 - 9645 - 9540 SL - 9839

INTRADAY TRADE
Reliance Industries: Buy above 874 for targets of 878, 884, 894 SL 867
Reliance Industries: Sell below 865 for targets of 861, 855, 845 SL 871
Albk: Buy above 162 for targets of 165, 170 SL 157
Recltd: Buy above 187 for targets of 190, 194 SL 183.5

SCORE SHEET
Ipcalab: Buy above 275 for targets of 279, 286 SL 268: Target 280.50 achieved
PFC: Buy above 155.5 for targets of 157, 160 SL 152.5: Target 161.90 achieved

POSITIONAL TRADE
Relinfra: Buy above 459 for target of 479 SL 453 (2-3 Days)
RPower: Buy above 99 for target of 105 SL 97 (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