Market outlook for 25/10/2012

Nifty closed down 25.75 points (0.45%) at 5691.40 while Nifty Future closed at 5695.50, premium of 4.10 points.
Bank Nifty closed down 29.25 points (0.25%) at 11578.15 while Future closed at 11584.60, premium of 6.45 points.

• FII bought in Cash (Net buy 252.40 Crore)
• FII bought in index future, index option but sold in stock future (Net buy 206.10 Crore)
• DII sold in Cash (Net sell 298.89 Crore)
• Most Active Nifty Call Option: 5700 and 5800.
• Most Active Nifty Put Options: 5700 and 5600.
• Advance Decline for the day was 603:884.

NIFTY TECHNICAL

Current Spot: 5691.40
Pivot: 5698
5DEMA: 5695
10DEMA: 5690
20DEMA: 5663
50DEMA: 5540
RSI (14 days): 56.42
Parabolic SAR: 4937
Supports: 5675 - 5659 - 5636
Resistance: 5714 - 5737 - 5754

Nifty Future VIX Range: 5646 - 5745
Nifty Future VWAP: 5703.07
MP Values Nifty Future: VAH - 5721, POC - 5708, VAL - 5694

TARGET NIFTY
Buy Nifty Future above 5709 - 5720 - 5735 - 5755 SL - 5694
Sell Nifty Future below 5689 - 5680 - 5665 - 5645 SL - 5708

BANKNIFTY TECHNICAL

Current Spot: 11578.15
Pivot: 11590
5DEMA: 11534
10DEMA: 11482
20DEMA: 11350
50DEMA: 10987
RSI (14 days): 62.86
Parabolic SAR: 10228
Supports: 11523 - 11468 - 11401
Resistance: 11645 - 11712 - 11767

Bank Nifty Future VIX Range: 11438 - 11732
Bank Nifty Future VWAP: 11599.21
MP Values Bank Nifty Future: VAH - 11652, POC - 11615, VAL - 11578

TARGET BANKNIFTY
Buy BankNifty Future above 11616 - 11650 - 11710 - 11770 SL - 11578
Sell BankNifty Future below 11569 - 11535 - 11485 - 11410 SL - 11615

INTRADAY TRADE
Reliance Industries: Buy above 812 for targets of 814, 818, 824 SL 808
Reliance Industries: Sell below 806 for targets of 804, 800, 795 SL 812
Rushil: Buy above 281 for targets of 284, 290 SL 276
YesBank: Buy above 400 for targets of 404, 410 SL 395

SCORE SHEET
IndiaBulls: Buy above 240 for targets of 243, 248 SL 235: Target 248.90 done
JswSteel: Buy above 753 for targets of 759, 769 SL 744: Call not Active

POSITIONAL TRADE
Prestige: Buy above 155 for target of 162 SL 152 (2-3 Days)
KtkBank: Buy above 135 for target of 141 SL 133 (1 Week)

Thanks and Regards

S&P Wealth Creators