Market outlook for 10/09/2012

Nifty closed up 16.60 points (0.31%) at 5358.70 while Nifty Future closed at 5380.20, premium of 21.50 points.
Bank Nifty closed up 25.05 points (0.25%) at 10147.05 while Future closed at 10179.00, premium of 31.95 points.

• FII bought in Cash (Net buy 19.40 Crore)
• FII bought in index future, index option, stock future (Net buy 45.76 Crore)
• DII sold in Cash (Net sell 7.54 Crore)
• Most Active Nifty Call Option: 5400 and 5500.
• Most Active Nifty Put Options: 5300 and 5200.
• Advance Decline for the day was 881:455.

NIFTY TECHNICAL

Current Spot: 5358.70
Pivot: 5356
5DEMA: 5309
10DEMA: 5305
20DEMA: 5304
50DEMA: 5264
RSI (14 days): 57.44
Parabolic SAR: 5219
Supports: 5346 - 5333 - 5323
Resistance: 5369 - 5379 - 5392

Nifty Future VIX Range: 5337 - 5424
Nifty Future VWAP: 5374.40
MP Values Nifty Future: VAH - 5387, POC - 5377, VAL - 5367

TARGET NIFTY
Buy Nifty Future above 5387 - 5395 - 5410 - 5425 SL - 5377
Sell Nifty Future below 5367 - 5360 - 5345 - 5330 SL - 5277

BANKNIFTY TECHNICAL

Current Spot: 10147.05
Pivot: 10146
5DEMA: 10051
10DEMA: 10070
20DEMA: 10155
50DEMA: 10229
RSI (14 days): 48.00
Parabolic SAR: 9814
Supports: 10129 - 10111 - 10095
Resistance: 10164 - 10180 - 10198

Bank Nifty Future VIX Range: 10066 - 10292
Bank Nifty Future VWAP: 10169.79
MP Values Bank Nifty Future: VAH - 10186, POC - 10164, VAL - 10142

TARGET BANKNIFTY
Buy BankNifty Future above 10186 - 10210 - 10260 - 10315 SL - 10164
Sell BankNifty Future below 10142 - 10120 - 10080 - 10030 SL - 10164

INTRADAY TRADE
Reliance Industries: Buy above 797 for targets of 800, 805, 815 SL 793
Reliance Industries: Sell below 792 for targets of 789, 784, 774 SL 796
IRB: Buy above 128.8 for targets of 130, 133 SL 126.40
Havells: Buy above 578 for targets of 583, 590 SL 569

SCORE SHEET
Torentpower: Buy above 181 for targets of 184, 190 SL 176: Target 183.85 done
Indiaglyco: Buy above 176 for targets of 179, 183 SL 172: Target 187.15 done

POSITIONAL TRADE
Cipla: Buy above 392 for target of 405 SL 386 (2-3 Days)
Titan: Buy above 230 for target of 238 SL 226 (1 Week)

Thanks and Regards

S&P Wealth Creators