Market outlook for 16/11/11

Nifty closed down 79.85 points (1.55%) at 5068.50 while Nifty Future closed at 5078.20, premium of 9.70 points.
Bank Nifty closed down 189.30 points (2.04%) at 9085.70 while Future closed at 9080.65, discount of 5.05 points.

• FII sold in Cash (Net sell 409.77 Crore)
• FII sold huge in index future, stock future but bought index option (Net sell 692.12 Crore)
• DII bought in Cash (Net buy 205.96 Crore)
• US futures are trading flat to 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 185:1285.

NIFTY TECHNICAL

Current Spot: 5068.50
Pivot: 5093
5DEMA: 5157
10DEMA: 5185
20DEMA: 5165
50DEMA: 5098
RSI (14 days): 44.32
Parabolic SAR: 5354
Supports: 5028 - 4987 - 4922
Resistance: 5134 -5199 - 5240
CAM Support: 5059 - 5049 - 5039 - 5010
CAM Resistance: 5078 - 5088 - 5098 - 5127
NF VIX Range: 5009 - 5147

Nifty Future VWAP: 5127.63
MP Values Nifty Future: VAH - 5175, POC - 5148, VAL - 5105

TARGET NIFTY
Buy Nifty Future above 5110 - 5145 - 5210 - 5255 SL - 5095
Sell Nifty Future below 5070 - 5040 - 5000 - 4930 SL - 5108

BANKNIFTY TECHNICAL

Current Spot: 9085.70
Pivot: 9152
5DEMA: 9354
10DEMA: 9500
20DEMA: 9561
50DEMA: 9601
RSI (14 days): 36.00
Parabolic SAR: 9903
Supports: 8996 - 8906 - 8750
Resistance: 9242 - 9398 - 9488
CAM Support: 9063 - 9041 - 9018 - 8950
CAM Resistance: 9108 - 9131 - 9153 - 9221
Bank Nifty VIX Range: 8910 - 9252

Bank Nifty Future VWAP: 9204.42
MP Values Bank Nifty Future: VAH - 9306, POC - 9226, VAL - 9146

TARGET BANKNIFTY
Buy BankNifty Future above 9161 - 9245 - 9415 - 9515 SL - 9131
Sell BankNifty Future below 9067 - 8987 - 8890 - 8720 SL - 9158

INTRADAY TRADE
Reliance Industries: Buy above 870 for targets of 873, 878, 888 SL 863
Reliance Industries: Sell below 858 for targets of 855, 850, 840 SL 867
Prakashcon: Buy above 270 for targets of 276, 288 SL 261
OneLifeCap: Buy above 305 for targets of 310, 320 SL 294

SCORE SHEET
Kpit: Buy above 170 for targets of 173, 179 SL 165: Target 171.70 achieved, then SL Hit
SunTv: Buy above 288 for targets of 293, 300 SL 285: Target 293 achieved

POSITIONAL TRADE
Jisljaleqs: Buy above 120 for target of 125 SL 118 (2-3 Days)
TataMotors: Buy above 182 for target of 196 SL 178 (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