Market outlook for 04/11/11

Nifty closed up 7.30 points (0.14%) at 5265.75 while Nifty Future closed at 5295.85, premium of 30.10 points.
Bank Nifty closed up 1.45 points (0.01%) at 9782.50 while Future closed at 9829.90, premium of 47.40 points.

• FII bought in Cash (Net buy 15.45 Crore)
• FII sold in index future and stock future but bought small in index option (Net sell 452.16 Crore)
• DII bought in Cash (Net buy 1.91 Crore)
• US futures are trading flat to positive.
• Global cues are flat to positive.
• SGX nifty is flat as of now.
• Most Active Nifty Call Option: 5300 and 5400.
• Most Active Nifty Put Options: 5200 and 5100.
• Advance Decline for the day was 675:739.

NIFTY TECHNICAL

Current Spot: 5265.75
Pivot: 5250
5DEMA: 5260
10DEMA: 5219
20DEMA: 5151
50DEMA: 5108
RSI (14 days): 58.91
Parabolic SAR: 5400
Supports: 5218 - 5170 - 5138
Resistance: 5298 -5329 - 5377
CAM Support: 5258 - 5251 - 5244 - 5222
CAM Resistance: 5273 - 5280 - 5288 - 5310
NF VIX Range: 5217 - 5375

Nifty Future VWAP: 5262.42
MP Values Nifty Future: VAH - 5298, POC - 5269, VAL - 5240

TARGET NIFTY
Buy Nifty Future above 5300 - 5330 - 5365 - 5420 SL - 5275
Sell Nifty Future below 5269 - 5245 - 5200 - 5150 SL - 5292

BANKNIFTY TECHNICAL

Current Spot: 9782.50
Pivot: 9749
5DEMA: 9793
10DEMA: 9745
20DEMA: 9662
50DEMA: 9695
RSI (14 days): 53.75
Parabolic SAR: 10080
Supports: 9683 - 9583 - 9517
Resistance: 9849 - 9915 - 10015
CAM Support: 9767 - 9752 - 9737 - 9691
CAM Resistance: 9798 - 9813 - 9828 - 9874
Bank Nifty VIX Range: 9651 - 10009

Bank Nifty Future VWAP: 9770.09
MP Values Bank Nifty Future: VAH - 9835, POC - 9777, VAL - 9719

TARGET BANKNIFTY
Buy BankNifty Future above 9840 - 9900 - 9980 - 10090 SL - 9790
Sell BankNifty Future below 9780 - 9720 - 9615 - 9530 SL - 9820

INTRADAY TRADE
Reliance Industries: Buy above 888 for targets of 892, 898, 910 SL 877
Reliance Industries: Sell below 875 for targets of 871, 865, 855 SL 882
Bhel: Buy above 331 for targets of 334, 340 SL 325
PFC: Buy above 166 for targets of 168, 172 SL 163

SCORE SHEET
Albk: Buy above 162 for targets of 165, 170 SL 157: Target 169.20 achieved
Recltd: Buy above 187 for targets of 190, 194 SL 183.5: Target 199.15 achieved

POSITIONAL TRADE
OnMobile: Buy above 65 for target of 70 SL 63 (2-3 Days)
BGREnergy: Buy above 338 for target of 355 SL 333 (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