Market outlook for 15/11/11

Nifty closed down 20.50 points (0.40%) at 5148.35 while Nifty Future closed at 5155.85, premium of 7.50 points.
Bank Nifty closed down 17.55 points (0.19%) at 9275.00 while Future closed at 9276.40, premium of 1.40 points.

• FII bought in Cash (Net buy 321.62 Crore)
• FII bought huge in index future but sold index option, stock future (Net buy 341.49 Crore)
• DII sold in Cash (Net sell 9.30 Crore)
• US futures are trading negative.
• Global cues are flat to negative.
• SGX nifty is flat to negative 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 331:1111.

NIFTY TECHNICAL

Current Spot: 5148.35
Pivot: 5173
5DEMA: 5201
10DEMA: 5211
20DEMA: 5176
50DEMA: 5099
RSI (14 days): 49.73
Parabolic SAR: 5373
Supports: 5116 - 5084 - 5028
Resistance: 5205 -5261 - 5293
CAM Support: 5140 - 5132 - 5124 - 5100
CAM Resistance: 5156 - 5165 - 5173 - 5197
NF VIX Range: 5086 - 5225

Nifty Future VWAP: 5199.65
MP Values Nifty Future: VAH - 5248, POC - 5222, VAL - 5172

TARGET NIFTY
Buy Nifty Future above 5188 - 5218 - 5270 - 5320 SL - 5174
Sell Nifty Future below 5148 - 5122 - 5086 - 5025 SL - 5187

BANKNIFTY TECHNICAL

Current Spot: 9275.00
Pivot: 9329
5DEMA: 9488
10DEMA: 9592
20DEMA: 9611
50DEMA: 9622
RSI (14 days): 39.97
Parabolic SAR: 9976
Supports: 9200 - 9125 - 8996
Resistance: 9404 - 9533 - 9608
CAM Support: 9256 - 9238 - 9219 - 9163
CAM Resistance: 9294 - 9312 - 9331 - 9387
Bank Nifty VIX Range: 9103 - 9449

Bank Nifty Future VWAP: 9363.98
MP Values Bank Nifty Future: VAH - 9446, POC - 9390, VAL - 9334

TARGET BANKNIFTY
Buy BankNifty Future above 9342 - 9410 - 9550 - 9630 SL - 9311
Sell BankNifty Future below 9262 - 9200 - 9120 - 8980 SL - 9340

INTRADAY TRADE
Reliance Industries: Buy above 886 for targets of 889, 894, 904 SL 880
Reliance Industries: Sell below 872 for targets of 869, 864, 854 SL 884
Kpit: Buy above 170 for targets of 173, 179 SL 165
SunTv: Buy above 288 for targets of 293, 300 SL 285

SCORE SHEET
Glenmark: Buy above 335 for targets of 339, 346 SL 327: Target 342 achieved
Rushil: Buy above 162 for targets of 165, 170 SL 156: Target 163.85 achieved, then SL Hit

POSITIONAL TRADE
TDPowersys: Buy above 278 for target of 320 SL 272 (2-3 Days)
DrReddy: Buy above 1645 for target of 1685 SL 1641 (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