Tuesday, October 16, 2012

Market outlook for 17/10/2012

Nifty closed down 39.25 points (0.69%) at 5648.00 while Nifty Future closed at 5651.55, premium of 3.55 points.
Bank Nifty closed down 93.80 points (0.82%) at 11348.00 while Future closed at 11355.75, premium of 7.75 points.
  • FII sold, yes sold in Cash (Net sell 204.19 Crore)
  • FII bought in index option but sold in index future, stock future (Net buy 473.29 Crore)
  • DII bought in Cash (Net buy 595.39 Crore)
  • Most Active Nifty Call Option: 5700 and 5800.
  • Most Active Nifty Put Options: 5700 and 5600.
  • Advance Decline for the day was 537:986.
NIFTY TECHNICAL
Current Spot: 5648.00
Pivot: 5666
5DEMA: 5675
10DEMA: 5679
20DEMA: 5642
50DEMA: 5512
RSI (14 days): 54.22
Parabolic SAR: 5714
Supports: 5618 - 5587 - 5539
Resistance: 5696 - 5744 - 5775
Nifty Future VIX Range: 5600 - 5703
Nifty Future VWAP: 5685.94
MP Values Nifty Future: VAH - 5715, POC - 5683, VAL - 5651

TARGET NIFTY
Buy Nifty Future above 5684 - 5705 - 5755 - 5790 SL - 5651
Sell Nifty Future below 5645 - 5620 - 5585 - 5535 SL - 5683

BANKNIFTY TECHNICAL
Current Spot: 11348.00
Pivot: 11395
5DEMA: 11392
10DEMA: 11379
20DEMA: 11232
50DEMA: 10892
RSI (14 days): 58.41
Parabolic SAR: 11551
Supports: 11281 - 11215 - 11101
Resistance: 11462 - 11575 - 11642
Bank Nifty Future VIX Range: 11206 - 11505
Bank Nifty Future VWAP: 11450.97
MP Values Bank Nifty Future: VAH - 11514, POC - 11442, VAL - 11370

TARGET BANKNIFTY
Buy BankNifty Future above 11443 - 11485 - 11600 - 11695 SL - 11370
Sell BankNifty Future below 11345 - 11290 - 11210 - 11090 SL - 11378

INTRADAY TRADE
Reliance Industries: Buy above 825 for targets of 828, 833, 840 SL 819
Reliance Industries: Sell below 811 for targets of 808, 803, 795 SL 823
Jubilant: Buy above 239 for targets of 243, 250 SL 233
ExideInd: Buy above 157 for targets of 159, 162 SL 155

SCORE SHEET
Godrejind: Buy above 292 for targets of 295, 300 SL 287: Target 294.30 done
SunTv: Buy above 365 for targets of 369, 374 SL 360: Target 370.85 done

POSITIONAL TRADE
Grasim: Buy above 3465 for target of 3500 SL 3434 (2-3 Days)
EssarOil: Buy above 64.5 for target of 67.5 SL 63.5 (1 Week)

Thanks and Regards

S&P Wealth Creators

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