Market outlook for 22/10/2012

Nifty closed down 34.45 points (0.60%) at 5684.25 while Nifty Future closed at 5688.30, premium of 4.05 points.
Bank Nifty closed down 95.15 points (0.82%) at 11491.20 while Future closed at 11505.45, premium of 14.25 points.

• FII bought in Cash (Net buy 80.11 Crore)
• FII bought in index option but sold in index future, stock future (Net buy 238.16 Crore)
• DII bought in Cash (Net buy 112.06 Crore)
• Most Active Nifty Call Option: 5700 and 5800.
• Most Active Nifty Put Options: 5700 and 5600.
• Advance Decline for the day was 577:937.

NIFTY TECHNICAL

Current Spot: 5684.25
Pivot: 5685
5DEMA: 5686
10DEMA: 5684
20DEMA: 5654
50DEMA: 5535
RSI (14 days): 56.26
Parabolic SAR: 4905
Supports: 5659 - 5634 - 5607
Resistance: 5711 - 5737 - 5762

Nifty Future VIX Range: 5637 - 5739
Nifty Future VWAP: 5693.79
MP Values Nifty Future: VAH - 5708, POC - 5694, VAL - 5680

TARGET NIFTY
Buy Nifty Future above 5696 - 5715 - 5745 - 5770 SL - 5680
Sell Nifty Future below 5678 - 5665 - 5645 - 5615 SL - 5695

BANKNIFTY TECHNICAL

Current Spot: 11491.20
Pivot: 11507
5DEMA: 11463
10DEMA: 11428
20DEMA: 11297
50DEMA: 10963
RSI (14 days): 60.79
Parabolic SAR: 10075
Supports: 11408 - 11326 - 11227
Resistance: 11590 - 11688 - 11771

Bank Nifty Future VIX Range: 11353 - 11658
Bank Nifty Future VWAP: 11528.87
MP Values Bank Nifty Future: VAH - 11572, POC - 11519, VAL - 11466

TARGET BANKNIFTY
Buy BankNifty Future above 11535 - 11600 - 11695 - 11780 SL - 11515
Sell BankNifty Future below 11485 - 11430 - 11355 - 11250 SL - 11531

INTRADAY TRADE
Reliance Industries: Buy above 808 for targets of 810, 814, 820 SL 802
Reliance Industries: Sell below 799 for targets of 797, 793, 787 SL 806
Gitanjali: Buy above 396 for targets of 400, 408 SL 391
GmdcLtd: Buy above 214 for targets of 217, 221 SL 212

SCORE SHEET
Heritgfood: Buy above 360 for targets of 365, 372 SL 346: Target 372.10 done
Amarajabat: Buy above 239 for targets of 242, 248 SL 233: Target 248.75 done

POSITIONAL TRADE
Fincables: Buy above 48 for target of 51 SL 46.3 (2-3 Days)
Arvind: Buy above 79.5 for target of 85 SL 77 (1 Week)

Thanks and Regards

S&P Wealth Creators