Market outlook for 28/09/2012

Nifty closed down 13.95 points (0.25%) at 5649.50 while Nifty Future closed at 5684.30, premium of 34.80 points.
Bank Nifty closed down 7.80 points (0.07%) at 11419.45 while Future closed at 11479.50, premium of 60.05 points.

• FII bought in Cash (Net buy 399.74 Crore)
• FII bought in index future, index option but sold in stock future (Net buy 445.27 Crore)
• DII sold in Cash (Net sell 447.87 Crore)
• Most Active Nifty Call Option: 5700 and 5800.
• Most Active Nifty Put Options: 5600 and 5500.
• Advance Decline for the day was 753:747.

NIFTY TECHNICAL

Current Spot: 5649.50
Pivot: 5661
5DEMA: 5647
10DEMA: 5600
20DEMA: 5517
50DEMA: 5396
RSI (14 days): 69.03
Parabolic SAR: 5615
Supports: 5628 - 5607 - 5574
Resistance: 5682 - 5715 - 5736

Nifty Future VIX Range: 5630 - 5738
Nifty Future VWAP: 5696.45
MP Values Nifty Future: VAH - 5709, POC - 5695, VAL - 5681

TARGET NIFTY
Buy Nifty Future above 5696 - 5710 - 5735 - 5760 SL - 5681
Sell Nifty Future below 5680 - 5666 - 5645 - 5620 SL - 5695

BANKNIFTY TECHNICAL

Current Spot: 11419.45
Pivot: 11429
5DEMA: 11333
10DEMA: 11101
20DEMA: 10801
50DEMA: 10521
RSI (14 days): 75.94
Parabolic SAR: 11034
Supports: 11368 - 11317 - 11257
Resistance: 11480 - 11541 - 11592

Bank Nifty Future VIX Range: 11301 - 11658
Bank Nifty Future VWAP: 11495.01
MP Values Bank Nifty Future: VAH - 11528, POC - 11498, VAL - 11468

TARGET BANKNIFTY
Buy BankNifty Future above 11499 - 11530 - 11585 - 11630 SL - 10468
Sell BankNifty Future below 11466 - 11435 - 11390 - 11330 SL - 11498

INTRADAY TRADE
Reliance Industries: Buy above 838 for targets of 841, 846, 855 SL 832
Reliance Industries: Sell below 827 for targets of 824, 819, 810 SL 836
Ultracemco: Buy above 1960 for targets of 1980, 2015 SL 1937
Suntv: Buy above 340 for targets of 344, 351 SL 335

SCORE SHEET
Irb: Buy above 159 for targets of 161, 165 SL 156: SL Hit
Relcapital: Buy above 423 for targets of 427, 434 SL 416: Target 435.70 done

POSITIONAL TRADE
Titan: Buy above 255 for target of 263 SL 251 (2-3 Days)
Rpower: Buy above 98.5 for target of 105 SL 97 (1 Week)

Thanks and Regards

S&P Wealth Creators