Tuesday, November 8, 2011

Market outlook for 09/11/11

Nifty closed up 5.15 points (0.10%) at 5289.35 while Nifty Future closed at 5315.55, premium of 26.20 points.
Bank Nifty closed up 16.20 points (0.16%) at 9852.55 while Future closed at 9904.05, premium of 51.50 points.
  • FII bought in Cash (Net buy 456.28 Crore)
  • FII bought in index future, index option but sold in stock future (Net buy 201.08 Crore)
  • DII sold in Cash (Net sell 377.47 Crore)
  • US futures closed 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: 5300 and 5200.
  • Advance Decline for the day was 663:768.
NIFTY TECHNICAL
Current Spot: 5289.35
Pivot: 5282
5DEMA: 5275
10DEMA: 5242
20DEMA: 5175
50DEMA: 5098
RSI (14 days): 60.62
Parabolic SAR: 5392
Supports: 5259 - 5230 - 5207
Resistance: 5312 -5334 - 5364
CAM Support: 5285 - 5280 - 5275 - 5261
CAM Resistance: 5294 - 5299 - 5304 - 5318
NF VIX Range: 5241 - 5390
Nifty Future VWAP: 5304.11
MP Values Nifty Future: VAH - 5333, POC - 5313, VAL - 5292

TARGET NIFTY
Buy Nifty Future above 5320 - 5340 - 5365 - 5400 SL - 5301
Sell Nifty Future below 5298 - 5282 - 5250 - 5225 SL - 5315

BANKNIFTY TECHNICAL
Current Spot: 9852.55
Pivot: 9826
5DEMA: 9822
10DEMA: 9778
20DEMA: 9695
50DEMA: 9672
RSI (14 days): 55.71
Parabolic SAR: 10063
Supports: 9759 - 9665 - 9598
Resistance: 9920 - 9988 - 10081
CAM Support: 9838 - 9823 - 9808 - 9764
CAM Resistance: 9867 - 9882 - 9897 - 9941
Bank Nifty VIX Range: 9734 - 10074
Bank Nifty Future VWAP: 9854.54
MP Values Bank Nifty Future: VAH - 9915, POC - 9861, VAL - 9807

TARGET BANKNIFTY
Buy BankNifty Future above 9911 - 9965 - 10040 - 10150 SL - 9861
Sell BankNifty Future below 9851 - 9800 - 9690 - 9620 SL - 9897

INTRADAY TRADE
Reliance Industries: Buy above 886 for targets of 888, 893, 900 SL 877
Reliance Industries: Sell below 875 for targets of 873, 868, 861 SL 881
Cairn: Buy above 323 for targets of 326, 332 SL 316
Lovable: Buy above 518 for targets of 523, 530 SL 511

SCORE SHEET
Patni: Buy above 355 for targets of 359, 365 SL 348: Target 363.80 achieved
Bharatforg: Buy above 297 for targets of 301, 306 SL 291: Target 299.50 achieved then SL Hit

POSITIONAL TRADE
Apollotyre: Buy above 60.2 for target of 63 SL 58.6 (2-3 Days)
Hindoilexp: Buy above 127 for target of 136 SL 124 (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