Market outlook for 14/11/11

Nifty closed down 52.20 points (1.00%) at 5168.85 while Nifty Future closed at 5191.75, premium of 22.90 points.
Bank Nifty closed down 300.10 points (3.13%) at 9292.55 while Future closed at 9320.00, premium of 27.45 points.

• FII sold in Cash (Net sell 83.26 Crore)
• FII sold huge in index future, stock future but bought in index option (Net sell 1173.78 Crore)
• DII sold in Cash (Net sell 113.18 Crore)
• US futures closed positive.
• Global cues are flat to positive.
• SGX nifty is flat to positive as of now.
• Most Active Nifty Call Option: 5200 and 5300.
• Most Active Nifty Put Options: 5200 and 5100.
• Advance Decline for the day was 364:1089.

NIFTY TECHNICAL

Current Spot: 5168.85
Pivot: 5170
5DEMA: 5228
10DEMA: 5225
20DEMA: 5179
50DEMA: 5101
RSI (14 days): 51.11
Parabolic SAR: 5383
Supports: 5141 - 5114 - 5085
Resistance: 5198 -5226 - 5254
CAM Support: 5164 - 5159 - 5153 - 5138
CAM Resistance: 5174 - 5179 - 5184 - 5200
NF VIX Range: 5120 - 5263

Nifty Future VWAP: 5189.62
MP Values Nifty Future: VAH - 5204, POC - 5189, VAL - 5174

TARGET NIFTY
Buy Nifty Future above 5200 - 5215 - 5240 - 5270 SL - 5187
Sell Nifty Future below 5182 - 5165 - 5140 - 5115 SL - 5196

BANKNIFTY TECHNICAL

Current Spot: 9292.55
Pivot: 9378
5DEMA: 9595
10DEMA: 9662
20DEMA: 9647
50DEMA: 9648
RSI (14 days): 40.26
Parabolic SAR: 10022
Supports: 9185 - 9077 - 8883
Resistance: 9486 - 9680 - 9788
CAM Support: 9265 - 9237 - 9210 - 9127
CAM Resistance: 9320 - 9348 - 9375 - 9458
Bank Nifty VIX Range: 9141 - 9499

Bank Nifty Future VWAP: 9407.75
MP Values Bank Nifty Future: VAH - 9515, POC - 9354, VAL - 9284

TARGET BANKNIFTY
Buy BankNifty Future above 9410 - 9515 - 9640 - 9780 SL - 9355
Sell BankNifty Future below 9306 - 9206 - 9100 - 8950 SL - 9407

INTRADAY TRADE
Reliance Industries: Buy above 888 for targets of 892, 898, 910 SL 873
Reliance Industries: Sell below 870 for targets of 866, 860, 848 SL 877
Glenmark: Buy above 335 for targets of 339, 346 SL 327
Rushil: Buy above 162 for targets of 165, 170 SL 156

SCORE SHEET
Ashokley: Buy above 28.4 for targets of 28.8, 29.4 SL 28: Target 28.80 achieved
Tatachem: Buy above 332 for targets of 335, 338 SL 329: Target 337.60 achieved

POSITIONAL TRADE
Hindoilexp: Buy above 135 for target of 145 SL 128 (2-3 Days)
Patni: Buy above 362 for target of 385 SL 351 (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