Market outlook for 21/11/11

Nifty closed down 28.95 points (0.59%) at 4905.80 while Nifty Future closed at 4914.60, premium of 8.80 points.
Bank Nifty closed down 80.65 points (0.90%) at 8850.25 while Future closed at 8859.25, premium of 9.00 points.

• FII sold in Cash (Relentless selling on, net sell 871.62 Crore)
• FII sold huge index future, stock future but bought in index option (Net sell 37.72 Crore)
• DII bought in Cash (Net buy 380.39 Crore)
• US futures ended flat.
• Global cues are flat to negative.
• SGX nifty is flat as of now.
• Most Active Nifty Call Option: 4900 and 5000.
• Most Active Nifty Put Options: 4900 and 4800.
• Advance Decline for the day was 398:1060.

NIFTY TECHNICAL

Current Spot: 4905.80
Pivot: 4887
5DEMA: 5005
10DEMA: 5078
20DEMA: 5110
50DEMA: 5070
RSI (14 days): 35.66
Parabolic SAR: 5231
Supports: 4857 - 4809 - 4779
Resistance: 4935 -4965 - 5013
CAM Support: 4899 - 4892 - 4884 - 4863
CAM Resistance: 4913 - 4920 - 4927 - 4949
NF VIX Range: 4848 - 4981

Nifty Future VWAP: 4887.04
MP Values Nifty Future: VAH - 4904, POC - 4884, VAL - 4864

TARGET NIFTY
Buy Nifty Future above 4918 - 4942 - 4972 - 5022 SL - 4892
Sell Nifty Future below 4888 - 4867 - 4820 - 4790 SL - 4902

BANKNIFTY TECHNICAL

Current Spot: 8850.25
Pivot: 8810
5DEMA: 9049
10DEMA: 9244
20DEMA: 9399
50DEMA: 9470
RSI (14 days): 32.01
Parabolic SAR: 9560
Supports: 8747 - 8643 - 8580
Resistance: 8913 - 8976 - 9080
CAM Support: 8835 - 8820 - 8804 - 8759
CAM Resistance: 8866 - 8881 - 8896 - 8942
Bank Nifty VIX Range: 8701 - 9017

Bank Nifty Future VWAP: 8859.25
MP Values Bank Nifty Future: VAH - 8818, POC - 8767, VAL - 8716

TARGET BANKNIFTY
Buy BankNifty Future above 8866 - 8930 - 9000 - 9115 SL - 8809
Sell BankNifty Future below 8799 - 8745 - 8635 - 8555 SL - 8828

INTRADAY TRADE
Reliance Industries: Buy above 810 for targets of 814, 820, 832 SL 800
Reliance Industries: Sell below 798 for targets of 794, 788, 776 SL 804
VipInd: Buy above 135 for targets of 137, 141 SL 133
Jetairways: Buy above 258 for targets of 263, 269 SL 251

SCORE SHEET
Patni: Buy above 431 for targets of 435, 445 SL 420: Target 454.10 achieved
Sobha: Buy above 231 for targets of 235, 242 SL 226: Target 238.00 achieved

POSITIONAL TRADE
Arvind: Buy above 91 for target of 95 SL 88.5 (2-3 Days)
Renuka: Buy above 35 for target of 39 SL 33 (1 Week)

Thanks and Regards

S&P Wealth Creators