Market outlook for 29/11/11

Nifty closed up 141.25 points (3.00%) at 4851.30 while Nifty Future closed at 4870.30, premium of 19.00 points.
Bank Nifty closed up 304.55 points (3.59%) at 8793.15 while Future closed at 8809.90, premium of 16.75 points.

• FII sold in Cash (Net sell 302.59 Crore)
• FII bought index future, index option, stock future (Net buy 1982.78 Crore)
• DII bought in Cash (Net buy 307.30 Crore)
• US futures are trading in GREEN.
• Global cues are flat to positive.
• SGX nifty is flat as of now.
• Most Active Nifty Call Option: 4900 and 5000.
• Most Active Nifty Put Options: 4700 and 4600.
• Advance Decline for the day was 1116:343.

NIFTY TECHNICAL

Current Spot: 4851.30
Pivot: 4826
5DEMA: 4799
10DEMA: 4864
20DEMA: 4957
50DEMA: 5008
RSI (14 days): 42.11
Parabolic SAR: 4859
Supports: 4792 - 4733 - 4699
Resistance: 4885 -4918 - 4978
CAM Support: 4843 - 4834 - 4826 - 4800
CAM Resistance: 4860 - 4868 - 4877 - 4902
NF VIX Range: 4792 - 4949

Nifty Future VWAP: 4828.03
MP Values Nifty Future: VAH - 4843, POC - 4811, VAL - 4779

TARGET NIFTY
Buy Nifty Future above 4874 - 4911 - 4950 - 5030 SL - 4829
Sell Nifty Future below 4824 - 4791 - 4710 - 4670 SL - 4835

BANKNIFTY TECHNICAL

Current Spot: 8793.15
Pivot: 8734
5DEMA: 8639
10DEMA: 8774
20DEMA: 9021
50DEMA: 9271
RSI (14 days): 40.90
Parabolic SAR: 8810
Supports: 8658 - 8523 - 8447
Resistance: 8869 - 8945 - 9080
CAM Support: 8774 - 8754 - 8735 - 8677
CAM Resistance: 8813 - 8832 - 8851 - 8909
Bank Nifty VIX Range: 8636 - 8984

Bank Nifty Future VWAP: 8721.27
MP Values Bank Nifty Future: VAH - 8778, POC - 8709, VAL - 8640

TARGET BANKNIFTY
Buy BankNifty Future above 8817 - 8892 - 8978 - 9135 SL - 8732
Sell BankNifty Future below 8723 - 8654 - 8494 - 8408 SL - 8741

INTRADAY TRADE
Reliance Industries: Buy above 786 for targets of 790, 796, 808 SL 775
Reliance Industries: Sell below 773 for targets of 769, 763, 751 SL 779
Finantech: Buy above 658 for targets of 670, 684 SL 632
Educomp: Buy above 218 for targets of 224, 232 SL 206

SCORE SHEET
Apollohosp: Buy above 622 for targets of 630, 644 SL 612: Target 635.70 achieved
Lovable: Buy above 377 for targets of 382, 392 SL 365: Target 404.95 achieved

POSITIONAL TRADE
Tatamotors: Buy above 183 for target of 190 SL 179 (2-3 Days)
Crompgreav: Buy above 130 for target of 139 SL 126 (1 Week)

Thanks and Regards

S&P Wealth Creators