Thursday, November 17, 2011

Market outlook for 18/11/11

Nifty closed down 95.70 points (1.90%) at 4934.75 while Nifty Future closed at 4932.95, discount of 1.80 points.
Bank Nifty closed down 130.65 points (1.44%) at 8930.90 while Future closed at 8890.15, discount of 40.75 points.
  • FII sold in Cash (Net sell 195.20 Crore)
  • FII sold huge index future but bought index option, stock future (Net sell 239.20 Crore)
  • DII bought in Cash (Net buy 371.59 Crore)
  • US futures are trading flat.
  • Global cues are flat to negative.
  • SGX nifty is flat as of now.
  • Most Active Nifty Call Option: 5000 and 5100.
  • Most Active Nifty Put Options: 5000 and 4900.
  • Advance Decline for the day was 390:1067.
NIFTY TECHNICAL
Current Spot: 4934.75
Pivot: 4964
5DEMA: 5055
10DEMA: 5117
20DEMA: 5132
50DEMA: 5091
RSI (14 days): 36.73
Parabolic SAR: 5284
Supports: 4891 - 4846 - 4773
Resistance: 5008 -5081 - 5125
CAM Support: 4924 - 4913 - 4902 - 4870
CAM Resistance: 4946 - 4656 - 4967 - 4999
NF VIX Range: 4864 - 5002
Nifty Future VWAP: 4993.55
MP Values Nifty Future: VAH - 5052, POC - 5024, VAL - 4959

TARGET NIFTY
Buy Nifty Future above 4970 - 5016 - 5100 - 5150 SL - 4955
Sell Nifty Future below 4926 - 4884 - 4830 - 4750 SL - 4969

BANKNIFTY TECHNICAL
Current Spot: 8930.90
Pivot: 8985
5DEMA: 9148
10DEMA: 9331
20DEMA: 9458
50DEMA: 9545
RSI (14 days): 33.03
Parabolic SAR: 9699
Supports: 8845 - 8760 - 8620
Resistance: 9071 - 9210 - 9296
CAM Support: 8910 - 8890 - 8869 - 8807
CAM Resistance: 8952 - 8972 - 8993 - 9055
Bank Nifty VIX Range: 8727 - 9053
Bank Nifty Future VWAP: 9007.37
MP Values Bank Nifty Future: VAH - 9048, POC - 8944, VAL - 8857

TARGET BANKNIFTY
Buy BankNifty Future above 8964 - 9050 - 9220 - 9325 SL - 8932
Sell BankNifty Future below 8877 - 8795 - 8695 - 8525 SL - 8962

INTRADAY TRADE
Reliance Industries: Buy above 826 for targets of 830, 836, 848 SL 820
Reliance Industries: Sell below 808 for targets of 804, 798, 786 SL 824
Patni: Buy above 431 for targets of 435, 445 SL 420
Sobha: Buy above 231 for targets of 235, 242 SL 226

SCORE SHEET
Pantaloonr: Buy above 171 for targets of 175, 182 SL 164: Target 191.60 achieved
Jublfood: Buy above 775 for targets of 785, 802 SL 748: Target 793.95 achieved

POSITIONAL TRADE
Seinv: Buy above 156 for target of 163 SL 153 (2-3 Days)
Subex: Buy above 34 for target of 39 SL 32 (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