Market outlook for 20/09/2012

Nifty closed down 9.95 points (0.18%) at 5600.05 while Nifty Future closed at 5612.25, premium of 12.20 points.
Bank Nifty closed up 61.85 points (0.56%) at 11043.50 while Future closed at 11062.40, premium of 18.90 points.

• FII bought in Cash (Net buy 1049.17 Crore)
• FII sold in index option, stock future but bought in index future (Net sell 1142.23 Crore)
• DII sold in Cash (Net sell 670.72 Crore)
• Most Active Nifty Call Option: 5600 and 5700.
• Most Active Nifty Put Options: 5600 and 5500.
• Advance Decline for the day was 922:579.

NIFTY TECHNICAL

Current Spot: 5600.05
Pivot: 5602
5DEMA: 5538
10DEMA: 5469
20DEMA: 5405
50DEMA: 5323
RSI (14 days): 74.62
Parabolic SAR: 5404
Supports: 5584 - 5568 - 5550
Resistance: 5618 - 5636 - 5652

Nifty Future VIX Range: 5561 - 5664
Nifty Future VWAP: 5616.14
MP Values Nifty Future: VAH - 5621, POC - 5615, VAL - 5609

TARGET NIFTY
Buy Nifty Future above 5621 - 5630 - 5645 - 5660 SL - 5608
Sell Nifty Future below 5605 - 5595 - 5585 - 5570 SL - 5616

BANKNIFTY TECHNICAL

Current Spot: 11043.50
Pivot: 11010
5DEMA: 10705
10DEMA: 10480
20DEMA: 10349
50DEMA: 10281
RSI (14 days): 73.96
Parabolic SAR: 10171
Supports: 10956 - 10868 - 10814
Resistance: 11098 - 11153 - 11240

Bank Nifty Future VIX Range: 10893 - 11232
Bank Nifty Future VWAP: 11024.03
MP Values Bank Nifty Future: VAH - 11067, POC - 11025, VAL - 10983

TARGET BANKNIFTY
Buy BankNifty Future above 11070 - 11120 - 11190 - 11300 SL - 11024
Sell BankNifty Future below 10983 - 10945 - 10850 - 10785 SL - 11026

INTRADAY TRADE
Reliance Industries: Buy above 865 for targets of 868, 873, 881 SL 858
Reliance Industries: Sell below 852 for targets of 849, 844, 836 SL 862
Mothersumi: Buy above 221 for targets of 224, 230 SL 216
Andhrabank: Buy above 105.5 for targets of 107, 109 SL 103

SCORE SHEET
Beml: Buy above 313 for targets of 317, 326 SL 302: Target 322.75 done
Pfc: Buy above 182 for targets of 184, 190 SL 177: Target 197.95 done

POSITIONAL TRADE
Recltd: Buy above 220 for target of 229 SL 217 (2-3 Days)
Ifci: Buy above 32.5 for target of 36 SL 31 (1 Week)

Thanks and Regards

S&P Wealth Creators