Thursday, October 11, 2012

Market outlook for 12/10/2012

Nifty closed up 55.90 points (0.99%) at 5708.05 while Nifty Future closed at 5739.35, premium of 31.30 points.
Bank Nifty closed up 139.80 points (1.24%) at 11431.30 while Future closed at 11513.35, premium of 82.05 points.
  • FII bought in Cash (Net buy 1043.01 Crore)
  • FII sold in index future, stock future and in index option (Net sell 628.54 Crore)
  • DII sold in Cash (Net sell 573.32 Crore)
  • Most Active Nifty Call Option: 5700 and 5800.
  • Most Active Nifty Put Options: 5700 and 5600.
  • Advance Decline for the day was 921:566.
NIFTY TECHNICAL
Current Spot: 5708.05
Pivot: 5689
5DEMA: 5697
10DEMA: 5688
20DEMA: 5632
50DEMA: 5501
RSI (14 days): 61.04
Parabolic SAR: 5761
Supports: 5656 - 5605 - 5572
Resistance: 5740 - 5773 - 5825
Nifty Future VIX Range: 5686 - 5793
Nifty Future VWAP: 5701.42
MP Values Nifty Future: VAH - 5749, POC - 5729, VAL - 5692

TARGET NIFTY
Buy Nifty Future above 5749 - 5770 - 5800 - 5850 SL - 5728
Sell Nifty Future below 5710 - 5685 - 5630 - 5595 SL - 5729

BANKNIFTY TECHNICAL
Current Spot: 11431.30
Pivot: 11384
5DEMA: 11407
10DEMA: 11371
20DEMA: 11177
50DEMA: 10840
RSI (14 days): 62.84
Parabolic SAR: 11645
Supports: 11292 - 11152 - 11059
Resistance: 11524 - 11617 - 11756
Bank Nifty Future VIX Range: 11352 - 11674
Bank Nifty Future VWAP: 11420.70
MP Values Bank Nifty Future: VAH - 11550, POC - 11473, VAL - 11388

TARGET BANKNIFTY
Buy BankNifty Future above 11530 - 11600 - 11690 - 11805 SL - 11465
Sell BankNifty Future below 11435 - 11370 - 11225 - 11150 SL - 11473

INTRADAY TRADE
Reliance Industries: Buy above 822 for targets of 825, 830, 836 SL 815
Reliance Industries: Sell below 813 for targets of 810, 806, 800 SL 819
Relcapital: Buy above 460 for targets of 465, 474 SL 453
Adanient: Buy above 227 for targets of 230, 235 SL 222

SCORE SHEET
Exideind: Buy above 155 for targets of 156, 158 SL 153: Target 156.00 done
Auropharma: Buy above 152.5 for targets of 154, 156 SL 151: Target 160.45 done

POSITIONAL TRADE
Pfc: Buy above 209 for target of 216 SL 205 (2-3 Days)
Sintex: Buy above 74.5 for target of 80 SL 72.5 (1 Week)

Thanks and Regards

S&P Wealth Creators

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