Market outlook for 16/10/2012

Nifty closed up 11.20 points (0.20%) at 5687.25 while Nifty Future closed at 5702.75, premium of 15.50 points.
Bank Nifty closed up 53.35 points (0.47%) at 11441.80 while Future closed at 11478.75, premium of 36.95 points.

• FII bought in Cash (Net buy 20.16 Crore)
• FII sold in index option but bought in index future, stock future (Net sell 262.01 Crore)
• DII sold in Cash (Net sell 85.52 Crore)
• Most Active Nifty Call Option: 5700 and 5800.
• Most Active Nifty Put Options: 5700 and 5600.
• Advance Decline for the day was 765:730.

NIFTY TECHNICAL

Current Spot: 5687.25
Pivot: 5673
5DEMA: 5689
10DEMA: 5686
20DEMA: 5641
50DEMA: 5506
RSI (14 days): 58.64
Parabolic SAR: 5726
Supports: 5652 - 5630 - 5610
Resistance: 5695 - 5716 - 5738

Nifty Future VIX Range: 5651 - 5755
Nifty Future VWAP: 5689.53
MP Values Nifty Future: VAH - 5715, POC - 5700, VAL - 5677

TARGET NIFTY
Buy Nifty Future above 5715 - 5730 - 5755 - 5780 SL - 5699
Sell Nifty Future below 5684 - 5670 - 5650 - 5625 SL - 5701

BANKNIFTY TECHNICAL

Current Spot: 11441.80
Pivot: 11395
5DEMA: 11414
10DEMA: 11386
20DEMA: 11220
50DEMA: 10874
RSI (14 days): 62.54
Parabolic SAR: 11582
Supports: 11335 - 11229 - 11169
Resistance: 11502 - 11561 - 11668

Bank Nifty Future VIX Range: 11326 - 11632
Bank Nifty Future VWAP: 11410.78
MP Values Bank Nifty Future: VAH - 11492, POC - 11451, VAL - 11374

TARGET BANKNIFTY
Buy BankNifty Future above 11492 - 11540 - 11600 - 11720 SL - 11450
Sell BankNifty Future below 11410 - 11370 - 11300 - 11190 SL - 11452

INTRADAY TRADE
Reliance Industries: Buy above 828 for targets of 831, 836, 842 SL 822
Reliance Industries: Sell below 819 for targets of 816, 811, 805 SL 826
Godrejind: Buy above 292 for targets of 295, 300 SL 287
SunTv: Buy above 365 for targets of 369, 374 SL 360

SCORE SHEET
CenturyTex: Buy above 392 for targets of 395, 400 SL 387: Target 396.45 done
Max: Buy above 239 for targets of 242, 247 SL 233: Target 244.90 done

POSITIONAL TRADE
Indiaglyco: Buy above 216 for target of 226 SL 209 (2-3 Days)
AdaniPower: Buy above 52 for target of 55 SL 51 (1 Week)

Thanks and Regards

S&P Wealth Creators