Market outlook for 25/11/11

Nifty closed up 50.00 points (1.06%) at 4756.45 while Nifty Future closed at 4781.60, premium of 25.15 points.
Bank Nifty closed up 73.20 points (0.87%) at 8472.50 while Future closed at 8487.65, premium of 15.15 points.

• FII sold in Cash (Net sell 1636.08 Crore)
• FII bought index option, stock future but sold in index future (Net buy 93.74 Crore)
• DII bought in Cash (Net buy 1047.75 Crore)
• US futures are trading flat (Closed).
• Global cues are flat.
• SGX nifty is flat to negative as of now.
• Most Active Nifty Call Option: 4800 and 5000.
• Most Active Nifty Put Options: 4700 and 4600.
• Advance Decline for the day was 807:643.

NIFTY TECHNICAL

Current Spot: 4756.45
Pivot: 4722
5DEMA: 4805
10DEMA: 4902
20DEMA: 4995
50DEMA: 5023
RSI (14 days): 33.25
Parabolic SAR: 4958
Supports: 4673 - 4590 - 4541
Resistance: 4805 -4854 - 4937
CAM Support: 4744 - 4732 - 4720 - 4684
CAM Resistance: 4769 - 4781 - 4793 - 4829
NF VIX Range: 4711 - 4852

Nifty Future VWAP: 4720.18
MP Values Nifty Future: VAH - 4767, POC - 4721, VAL - 4675

TARGET NIFTY
Buy Nifty Future above 4785 - 4830 - 4885 - 4955 SL - 4741
Sell Nifty Future below 4739 - 4696 - 4615 - 4565 SL - 4749

BANKNIFTY TECHNICAL

Current Spot: 8472.50
Pivot: 8418
5DEMA: 8599
10DEMA: 8832
20DEMA: 9103
50DEMA: 9321
RSI (14 days): 29.11
Parabolic SAR: 8894
Supports: 8331 - 8190 - 8104
Resistance: 8559 - 8646 - 8787
CAM Support: 8452 - 8431 - 8410 - 8347
CAM Resistance: 8493 - 8514 - 8535 - 8598
Bank Nifty VIX Range: 8330 - 8645

Bank Nifty Future VWAP: 8379.16
MP Values Bank Nifty Future: VAH - 8465, POC - 8384, VAL - 8303

TARGET BANKNIFTY
Buy BankNifty Future above 8494 - 8580 - 8680 - 8825 SL - 8419
Sell BankNifty Future below 8415 - 8335 - 8180 - 8090 SL - 8452

INTRADAY TRADE
Reliance Industries: Buy above 775 for targets of 779, 785, 797 SL 766
Reliance Industries: Sell below 764 for targets of 760, 754, 742 SL 770
Adanient: Buy above 320 for targets of 325, 334 SL 309
Arvind: Buy above 87.5 for targets of 89.5, 92 SL 85

SCORE SHEET
Educomp: Buy above 182 for targets of 184, 188 SL 179: Target 195.45 achieved
Titan: Buy above 192 for targets of 194, 198 SL 187.40: Call not activated

POSITIONAL TRADE
YesBank: Buy above 279 for target of 289 SL 272 (2-3 Days)
Pantaloonr: Buy above 203 for target of 219 SL 196 (1 Week)

Thanks and Regards

S&P Wealth Creators