Market outlook for 22/11/11

Nifty closed down 127.45 points (2.60%) at 4778.35 while Nifty Future closed at 4783.30, premium of 4.95 points.
Bank Nifty closed down 296.10 points (3.35%) at 8554.15 while Future closed at 8555.45, premium of 1.30 points.

• FII sold in Cash (Net sell 743.02 Crore)
• FII bought index future, stock future but sold in index option (Net buy 27.63 Crore)
• DII bought in Cash (Net buy 595.55 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: 4900 and 5000.
• Most Active Nifty Put Options: 4900 and 4800.
• Advance Decline for the day was 347:1112.

NIFTY TECHNICAL

Current Spot: 4778.35
Pivot: 4806
5DEMA: 4930
10DEMA: 5024
20DEMA: 5078
50DEMA: 5058
RSI (14 days): 30.07
Parabolic SAR: 5166
Supports: 4738 - 4697 - 4629
Resistance: 4847 -4915 - 4956
CAM Support: 4768 - 4758 - 4748 - 4718
CAM Resistance: 4788 - 4798 - 4808 - 4838
NF VIX Range: 4713 - 4854

Nifty Future VWAP: 4833.88
MP Values Nifty Future: VAH - 4851, POC - 4795, VAL - 4769

TARGET NIFTY
Buy Nifty Future above 4814 - 4850 - 4910 - 4950 SL - 4802
Sell Nifty Future below 4776 - 4744 - 4702 - 4640 SL - 4813

BANKNIFTY TECHNICAL

Current Spot: 8554.15
Pivot: 8628
5DEMA: 8884
10DEMA: 9118
20DEMA: 9318
50DEMA: 9434
RSI (14 days): 27.06
Parabolic SAR: 9394
Supports: 8449 - 8343 - 8164
Resistance: 8733 - 8912 - 9018
CAM Support: 8528 - 8502 - 8476 - 8398
CAM Resistance: 8580 - 8606 - 8632 - 8711
Bank Nifty VIX Range: 8391 - 8720

Bank Nifty Future VWAP: 8685.56
MP Values Bank Nifty Future: VAH - 8765, POC - 8713, VAL - 8627

TARGET BANKNIFTY
Buy BankNifty Future above 8632 - 8730 - 8900 - 9005 SL - 8609
Sell BankNifty Future below 8549 - 8455 - 8350 - 8200 SL - 8630

INTRADAY TRADE
Reliance Industries: Buy above 793 for targets of 796, 801, 811 SL 787
Reliance Industries: Sell below 782 for targets of 779, 774, 764 SL 791
Recltd: Buy above 182 for targets of 184, 187 SL 179
Onelifecap: Buy above 278 for targets of 282, 290 SL 272

SCORE SHEET
VipInd: Buy above 135 for targets of 137, 141 SL 133: Call not activated
Jetairways: Buy above 258 for targets of 263, 269 SL 251: Call not activated

POSITIONAL TRADE
Gravita: Buy above 423 for target of 441 SL 414 (2-3 Days)
AmtekAuto: Buy above 102 for target of 112 SL 98 (1 Week)

Thanks and Regards

S&P Wealth Creators