Sunday, November 27, 2011

Market outlook for 28/11/11

Nifty closed down 46.40 points (0.98%) at 4710.05 while Nifty Future closed at 4710.95, premium of 0.90 points.
Bank Nifty closed up 16.10 points (0.19%) at 8488.60 while Future closed at 8484.75, discount of 3.85 points.
  • FII sold in Cash (Net sell 805.54 Crore)
  • FII bought index option, stock future but sold in index future (Net buy 349.65 Crore)
  • DII bought in Cash (Net buy 1036.55 Crore)
  • US futures closed flat to negative.
  • Global cues are flat.
  • SGX nifty is flat as of now.
  • Most Active Nifty Call Option: 4800 and 4900.
  • Most Active Nifty Put Options: 4700 and 4600.
  • Advance Decline for the day was 806:621.
NIFTY TECHNICAL
Current Spot: 4710.05
Pivot: 4723
5DEMA: 4773
10DEMA: 4867
20DEMA: 4967
50DEMA: 4998
RSI (14 days): 31.72
Parabolic SAR: 4894
Supports: 4680 - 4649 - 4605
Resistance: 4754 -4798 - 4828
CAM Support: 4703 - 4696 - 4690 - 4669
CAM Resistance: 4717 - 4724 - 4730 - 4751
NF VIX Range: 4643 - 4779
Nifty Future VWAP: 4735.31
MP Values Nifty Future: VAH - 4772, POC - 4746, VAL - 4720

TARGET NIFTY
Buy Nifty Future above 4729 - 4761 - 4810 - 4850 SL - 4719
Sell Nifty Future below 4704 - 4676 - 4640 - 4590 SL - 4728

BANKNIFTY TECHNICAL
Current Spot: 8488.60
Pivot: 8469
5DEMA: 8562
10DEMA: 8770
20DEMA: 9044
50DEMA: 9256
RSI (14 days): 30.16
Parabolic SAR: 8865
Supports: 8380 - 8271 - 8182
Resistance: 8578 - 8667 - 8776
CAM Support: 8470 - 8452 - 8434 - 8380
CAM Resistance: 8507 - 8525 - 8543 - 8598
Bank Nifty VIX Range: 8332 - 8638
Bank Nifty Future VWAP: 8470.89
MP Values Bank Nifty Future: VAH - 8499, POC - 8440, VAL - 8381

TARGET BANKNIFTY
Buy BankNifty Future above 8491 - 8565 - 8650 - 8755 SL - 8449
Sell BankNifty Future below 8448 - 8380 - 8275 - 8190 SL - 8475

INTRADAY TRADE
Reliance Industries: Buy above 762 for targets of 765, 770, 780 SL 757
Reliance Industries: Sell below 754 for targets of 751, 746, 736 SL 761
Apollohosp: Buy above 622 for targets of 630, 644 SL 612
Lovable: Buy above 377 for targets of 382, 392 SL 365

SCORE SHEET
Adanient: Buy above 320 for targets of 325, 334 SL 309: Target 333.00 achieved
Arvind: Buy above 87.5 for targets of 89.5, 92 SL 85: Target 90.75 achieved

POSITIONAL TRADE
ABB: Buy above 613 for target of 648 SL 600 (2-3 Days)
Godrejind: Buy above 179 for target of 190 SL 176 (1 Week)

Thanks and Regards

S&P Wealth Creators