Market outlook for 17/11/11

Nifty closed down 38.05 points (0.75%) at 5030.45 while Nifty Future closed at 5044.90, premium of 14.45 points.
Bank Nifty closed down 24.15 points (0.27%) at 9061.55 while Future closed at 9068.10, premium of 6.55 points.

• FII sold in Cash (Net sell 488.89 Crore)
• FII bought huge in index option but sold index future, stock future (Net buy 284.11 Crore)
• DII bought in Cash (Net buy 277.79 Crore)
• US futures are trading flat.
• Global cues are flat to positive.
• SGX nifty is flat as of now.
• Most Active Nifty Call Option: 5000 and 5100.
• Most Active Nifty Put Options: 5100 and 5000.
• Advance Decline for the day was 394:1052.

NIFTY TECHNICAL

Current Spot: 5030.45
Pivot: 5028
5DEMA: 5115
10DEMA: 5157
20DEMA: 5152
50DEMA: 5095
RSI (14 days): 41.98
Parabolic SAR: 5325
Supports: 4992 - 4953 - 4916
Resistance: 5067 -5104 - 5143
CAM Support: 5024 - 5017 - 5010 - 4989
CAM Resistance: 5037 - 5044 - 5051 - 5072
NF VIX Range: 4978 - 5112

Nifty Future VWAP: 5035.99
MP Values Nifty Future: VAH - 5054, POC - 5032, VAL - 5010

TARGET NIFTY
Buy Nifty Future above 5049 - 5082 - 5120 - 5165 SL - 5035
Sell Nifty Future below 5033 - 5004 - 4960 - 4920 SL - 5045

BANKNIFTY TECHNICAL

Current Spot: 9061.55
Pivot: 9055
5DEMA: 9257
10DEMA: 9420
20DEMA: 9514
50DEMA: 9580
RSI (14 days): 35.52
Parabolic SAR: 9808
Supports: 8964 - 8866 - 8775
Resistance: 9152 - 9243 - 9341
CAM Support: 9044 - 9027 - 9010 - 8958
CAM Resistance: 9079 - 9096 - 9113 - 9165
Bank Nifty VIX Range: 8902 - 9234

Bank Nifty Future VWAP: 9041.31
MP Values Bank Nifty Future: VAH - 9082, POC - 9020, VAL - 8958

TARGET BANKNIFTY
Buy BankNifty Future above 9075 - 9165 - 9270 - 9375 SL - 9052
Sell BankNifty Future below 9051 - 8965 - 8860 - 8760 SL - 9072

INTRADAY TRADE
Reliance Industries: Buy above 852 for targets of 856, 862, 874 SL 846
Reliance Industries: Sell below 844 for targets of 840, 834, 822 SL 850
Pantaloonr: Buy above 171 for targets of 175, 182 SL 164
Jublfood: Buy above 775 for targets of 785, 802 SL 748

SCORE SHEET
Prakashcon: Buy above 270 for targets of 276, 288 SL 261: Target 309.40 achieved
OneLifeCap: Buy above 305 for targets of 310, 320 SL 294: Call not activated

POSITIONAL TRADE
PFC: Buy above 169 for target of 175 SL 166 (2-3 Days)
Kei: Buy above 17 for target of 19.5 SL 16.5 (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