Wednesday, October 10, 2012

Market outlook for 11/10/2012

Nifty closed down 52.45 points (0.92%) at 5652.15 while Nifty Future closed at 5672.45, premium of 20.30 points.
Bank Nifty closed down 154.60 points (1.35%) at 11291.50 while Future closed at 11342.45, premium of 50.95 points.
  • FII bought in Cash (Net buy 407.60 Crore)
  • FII sold in index future, stock future but bought in index option (Net sell 1236.30 Crore)
  • DII sold in Cash (Net sell 396.36 Crore)
  • Most Active Nifty Call Option: 5700 and 5800.
  • Most Active Nifty Put Options: 5700 and 5600.
  • Advance Decline for the day was 394:1131.
NIFTY TECHNICAL
Current Spot: 5652.15
Pivot: 5662
5DEMA: 5692
10DEMA: 5684
20DEMA: 5624
50DEMA: 5495
RSI (14 days): 56.59
Parabolic SAR: 5779
Supports: 5637 - 5622 - 5598
Resistance: 5677 - 5701 - 5716
Nifty Future VIX Range: 5620 - 5724
Nifty Future VWAP: 5687.26
MP Values Nifty Future: VAH - 5698, POC - 5686, VAL - 5674

TARGET NIFTY
Buy Nifty Future above 5688 - 5697 - 5720 - 5740 SL - 5674
Sell Nifty Future below 5672 - 5660 - 5640 - 5615 SL - 5686

BANKNIFTY TECHNICAL
Current Spot: 11291.50
Pivot: 11314
5DEMA: 11395
10DEMA: 11357
20DEMA: 11150
50DEMA: 10819
RSI (14 days): 59.14
Parabolic SAR: 11678
Supports: 11248 - 11205 - 11139
Resistance: 11357 - 11423 - 11467
Bank Nifty Future VIX Range: 11184 - 11501
Bank Nifty Future VWAP: 11376.38
MP Values Bank Nifty Future: VAH - 11420, POC - 11389, VAL - 11358

TARGET BANKNIFTY
Buy BankNifty Future above 11390 - 11410 - 11470 - 11505 SL - 11365
Sell BankNifty Future below 11355 - 11310 - 11275 - 11205 SL - 11389

INTRADAY TRADE
Reliance Industries: Buy above 818 for targets of 821, 826, 835 SL 813
Reliance Industries: Sell below 811 for targets of 809, 804, 795 SL 817
Exideind: Buy above 155 for targets of 156, 158 SL 153
Auropharma: Buy above 152.5 for targets of 154, 156 SL 151

SCORE SHEET
Bajajelec: Buy above 223 for targets of 226, 231 SL 219: Target 228.40 done
Pfc: Buy above 203 for targets of 206, 210 SL 199: SL Hit

POSITIONAL TRADE
Onelifecap: Buy above 811 for target of 834 SL 804 (2-3 Days)
Shaktipump: Buy above 63 for target of 68 SL 61.3 (1 Week)

Thanks and Regards

S&P Wealth Creators

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