Market outlook for 09/10/2012

Nifty closed down 70.95 points (1.23%) at 5676.00 while Nifty Future closed at 5701.00, premium of 25.00 points.
Bank Nifty closed down 149.20 points (1.30%) at 11362.20 while Future closed at 11415.70, premium of 53.50 points.

• FII bought in Cash (Net buy 563.84 Crore)
• FII sold in stock future but bought in index future, index option (Net sell 231.68 Crore)
• DII sold in Cash (Net sell 778.61 Crore)
• Most Active Nifty Call Option: 5800 and 5900.
• Most Active Nifty Put Options: 5700 and 5600.
• Advance Decline for the day was 664:841.

NIFTY TECHNICAL

Current Spot: 5676.00
Pivot: 5698
5DEMA: 5715
10DEMA: 5688
20DEMA: 5612
50DEMA: 5474
RSI (14 days): 60.78
Parabolic SAR: 5815
Supports: 5644 - 5612 - 5559
Resistance: 5730 - 5784 - 5815

Nifty Future VIX Range: 5647 - 5755
Nifty Future VWAP: 5725.53
MP Values Nifty Future: VAH - 5746, POC - 5716, VAL - 5695

TARGET NIFTY
Buy Nifty Future above 5718 - 5745 - 5785 - 5815 SL - 5695
Sell Nifty Future below 5692 - 5675 - 5650 - 5605 SL - 5716

BANKNIFTY TECHNICAL

Current Spot: 11362.20
Pivot: 11412
5DEMA: 11447
10DEMA: 11356
20DEMA: 11102
50DEMA: 10760
RSI (14 days): 63.97
Parabolic SAR: 11745
Supports: 11293 - 11224 - 11105
Resistance: 11481 - 11600 - 11669

Bank Nifty Future VIX Range: 11253 - 11579
Bank Nifty Future VWAP: 11451.36
MP Values Bank Nifty Future: VAH - 11487, POC - 11441, VAL - 11402

TARGET BANKNIFTY
Buy BankNifty Future above 11487 - 11530 - 11635 - 11700 SL - 11462
Sell BankNifty Future below 11400 - 11355 - 11290 - 11185 SL - 11465

INTRADAY TRADE
Reliance Industries: Buy above 834 for targets of 838, 844, 854 SL 828
Reliance Industries: Sell below 823 for targets of 819, 815, 805 SL 832
RsSoftware: Buy above 193 for targets of 196, 200 SL 189
CanBk: Buy above 439 for targets of 443, 449 SL 434

SCORE SHEET
Bomdyeing: Buy above 541 for targets of 546, 555 SL 532: Target 562.45 done
Recltd: Buy above 228 for targets of 231, 235 SL 224: Target 231.40 done

POSITIONAL TRADE
PatelEngg: Buy above 87 for target of 92 SL 85 (2-3 Days)
Exideind: Buy above 154 for target of 163 SL 150 (1 Week)

Thanks and Regards

S&P Wealth Creators