Market outlook for 26/09/2012

Nifty closed up 4.30 points (0.08%) at 5673.90 while Nifty Future closed at 5683.00, premium of 9.10 points.
Bank Nifty closed down 2.75 points (0.02%) at 11420.75 while Future closed at 11444.85, premium of 24.10 points.

• FII bought in Cash (Net buy 5845.58 Crore)
• FII sold in index option, stock future but bought in index future (Net sell 528.96 Crore)
• DII sold in Cash (Net sell 1374.11 Crore)
• Most Active Nifty Call Option: 5700 and 5800.
• Most Active Nifty Put Options: 5700 and 5600.
• Advance Decline for the day was 777:706.

NIFTY TECHNICAL

Current Spot: 5673.90
Pivot: 5676
5DEMA: 5637
10DEMA: 5572
20DEMA: 5487
50DEMA: 5372
RSI (14 days): 72.61
Parabolic SAR: 5564
Supports: 5650 - 5626 - 5600
Resistance: 5700 - 5727 - 5751

Nifty Future VIX Range: 5626 - 5740
Nifty Future VWAP: 5686.46
MP Values Nifty Future: VAH - 5700, POC - 5688, VAL - 5676

TARGET NIFTY
Buy Nifty Future above 5689 - 5705 - 5725 - 5750 SL - 5676
Sell Nifty Future below 5674 - 5660 - 5640 - 5625 SL - 5688

BANKNIFTY TECHNICAL

Current Spot: 11420.75
Pivot: 11420
5DEMA: 11221
10DEMA: 10942
20DEMA: 10663
50DEMA: 10438
RSI (14 days): 76.27
Parabolic SAR: 10791
Supports: 11322 - 11223 - 11126
Resistance: 11519 - 11616 - 11715

Bank Nifty Future VIX Range: 11256 - 11634
Bank Nifty Future VWAP: 11429.20
MP Values Bank Nifty Future: VAH - 11499, POC - 11451, VAL - 11403

TARGET BANKNIFTY
Buy BankNifty Future above 11453 - 11520 - 11610 - 11700 SL - 10409
Sell BankNifty Future below 11402 - 11345 - 11240 - 11155 SL - 11451

INTRADAY TRADE
Reliance Industries: Buy above 842 for targets of 844, 848, 856 SL 836
Reliance Industries: Sell below 834 for targets of 832, 828, 820 SL 840
CenturyTex: Buy above 361 for targets of 365, 372 SL 354
KotakBank: Buy above 644 for targets of 649, 656 SL 636

SCORE SHEET
Bajajfinsv: Buy above 831 for targets of 839, 852 SL 815: Target 843.40 done
Jindalstel: Buy above 447 for targets of 451, 460 SL 441: Call not active

POSITIONAL TRADE
Bomdyeing: Buy above 508 for target of 537 SL 493 (2-3 Days)
Hdil: Buy above 94 for target of 98 SL 92 (1 Week)

Thanks and Regards

S&P Wealth Creators