Market outlook for 30/11/11

Nifty closed down 46.20 points (0.95%) at 4805.10 while Nifty Future closed at 4816.75, premium of 11.65 points.
Bank Nifty closed down 169.25 points (1.92%) at 8623.90 while Future closed at 8627.90, premium of 4.00 points.

• FII sold in Cash (Net sell 320.87 Crore)
• FII sold in index option but bought in index future, stock future (Net sell 252.93 Crore)
• DII bought in Cash (Net buy 361.23 Crore)
• US futures are trading flat.
• Global cues are flat.
• SGX nifty is flat to negative as of now.
• Most Active Nifty Call Option: 4900 and 5000.
• Most Active Nifty Put Options: 4800 and 4700.
• Advance Decline for the day was 565:875.

NIFTY TECHNICAL

Current Spot: 4805.10
Pivot: 4819
5DEMA: 4801
10DEMA: 4854
20DEMA: 4942
50DEMA: 5000
RSI (14 days): 39.89
Parabolic SAR: 4639
Supports: 4773 - 4740 - 4694
Resistance: 4852 -4898 - 4931
CAM Support: 4798 - 4791 - 4783 - 4762
CAM Resistance: 4812 - 4820 - 4827 - 4849
NF VIX Range: 4740 - 4893

Nifty Future VWAP: 4829.83
MP Values Nifty Future: VAH - 4854, POC - 4828, VAL - 4802

TARGET NIFTY
Buy Nifty Future above 4834 - 4865 - 4910 - 4965 SL - 4818
Sell Nifty Future below 4810 - 4780 - 4735 - 4680 SL - 4833

BANKNIFTY TECHNICAL

Current Spot: 8623.90
Pivot: 8685
5DEMA: 8634
10DEMA: 8747
20DEMA: 8983
50DEMA: 9246
RSI (14 days): 37.34
Parabolic SAR: 8240
Supports: 8526 - 8429 - 8270
Resistance: 8783 - 8942 - 9039
CAM Support: 8600 - 8577 - 8553 - 8483
CAM Resistance: 8647 - 8671 - 8694 - 8765
Bank Nifty VIX Range: 8457 - 8799

Bank Nifty Future VWAP: 8715.45
MP Values Bank Nifty Future: VAH - 8848, POC - 8751, VAL - 8650

TARGET BANKNIFTY
Buy BankNifty Future above 8686 - 8792 - 8960 - 9075 SL - 8665
Sell BankNifty Future below 8615 - 8520 - 8400 - 8250 SL - 8684

INTRADAY TRADE
Reliance Industries: Buy above 773 for targets of 776, 781, 791 SL 767
Reliance Industries: Sell below 763 for targets of 760, 755, 745 SL 771
Hindunilvr: Buy above 390 for targets of 394, 398 SL 386
Havells: Buy above 420 for targets of 425, 432 SL 413

SCORE SHEET
Finantech: Buy above 658 for targets of 670, 684 SL 632: Call not activated
Educomp: Buy above 218 for targets of 224, 232 SL 206: Call not activated

POSITIONAL TRADE
ErosMedia: Buy above 220 for target of 230 SL 214 (2-3 Days)
Hindoilexp: Buy above 125 for target of 135 SL 122 (1 Week)

Thanks and Regards

S&P Wealth Creators