Market outlook for 27/09/2012

Nifty closed down 10.45 points (0.18%) at 5663.45 while Nifty Future closed at 5669.85, premium of 6.40 points.
Bank Nifty closed up 6.50 points (0.06%) at 11427.25 while Future closed at 11433.75, premium of 6.50 points.

• FII bought in Cash (Net buy 688.49 Crore)
• FII sold in stock future but bought in index option, index future (Net sell 85.08 Crore)
• DII sold in Cash (Net sell 695.90 Crore)
• Most Active Nifty Call Option: 5700 and 5800.
• Most Active Nifty Put Options: 5700 and 5600.
• Advance Decline for the day was 732:751.

NIFTY TECHNICAL

Current Spot: 5663.45
Pivot: 5658
5DEMA: 5646
10DEMA: 5588
20DEMA: 5503
50DEMA: 5384
RSI (14 days): 71.11
Parabolic SAR: 5592
Supports: 5644 - 5624 - 5610
Resistance: 5678 - 5692 - 5712

Nifty Future VIX Range: 5614 - 5725
Nifty Future VWAP: 5662.76
MP Values Nifty Future: VAH - 5678, POC - 5669, VAL - 5658

TARGET NIFTY
Buy Nifty Future above 5678 - 5685 - 5700 - 5720 SL - 5668
Sell Nifty Future below 5658 - 5650 - 5635 - 5615 SL - 5670

BANKNIFTY TECHNICAL

Current Spot: 11427.25
Pivot: 11397
5DEMA: 11290
10DEMA: 11030
20DEMA: 10735
50DEMA: 10481
RSI (14 days): 76.35
Parabolic SAR: 10925
Supports: 11353 - 11278 - 11234
Resistance: 11471 - 11516 - 11590

Bank Nifty Future VIX Range: 11250 - 11617
Bank Nifty Future VWAP: 11390.71
MP Values Bank Nifty Future: VAH - 11412, POC - 11376, VAL - 11338

TARGET BANKNIFTY
Buy BankNifty Future above 11440 - 11480 - 11530 - 11600 SL - 10405
Sell BankNifty Future below 11376 - 11340 - 11280 - 11230 SL - 11413

INTRADAY TRADE
Reliance Industries: Buy above 847 for targets of 850, 855, 863 SL 841
Reliance Industries: Sell below 839 for targets of 836, 831, 823 SL 845
Irb: Buy above 159 for targets of 161, 165 SL 156
Relcapital: Buy above 423 for targets of 427, 434 SL 416

SCORE SHEET
CenturyTex: Buy above 361 for targets of 365, 372 SL 354: Target 364.60 done
KotakBank: Buy above 644 for targets of 649, 656 SL 636: Target 650.80 done

POSITIONAL TRADE
Pantaloonr: Buy above 216 for target of 233 SL 212 (2-3 Days)
UbHoldings: Buy above 144 for target of 157 SL 141 (1 Week)

Thanks and Regards

S&P Wealth Creators