Market outlook for 31/10/2012

Nifty closed down 67.70 points (1.19%) at 5597.90 while Nifty Future closed at 5628.00, premium of 30.10 points.
Bank Nifty closed down 269.15 points (2.35%) at 11203.00 while Future closed at 11279.35, premium of 76.35 points.

• FII sold in Cash (Net sell 191.53 Crore)
• FII bought in index option but sold in index future, stock future (Net buy 527.49 Crore)
• DII sold in Cash (Net sell 31.84 Crore)
• Most Active Nifty Call Option: 5700 and 5800.
• Most Active Nifty Put Options: 5600 and 5500.
• Advance Decline for the day was 425:1082.

NIFTY TECHNICAL

Current Spot: 5597.90
Pivot: 5626
5DEMA: 5652
10DEMA: 5668
20DEMA: 5660
50DEMA: 5563
RSI (14 days): 45.56
Parabolic SAR: 4998
Supports: 5562 - 5526 - 5462
Resistance: 5662 - 5726 - 5762

Nifty Future VIX Range: 5581 - 5675
Nifty Future VWAP: 5657.55
MP Values Nifty Future: VAH - 5687, POC - 5635, VAL - 5620

TARGET NIFTY
Buy Nifty Future above 5661 - 5687 - 5750 - 5795 SL - 5635
Sell Nifty Future below 5620 - 5595 - 5555 - 5500 SL - 5660

BANKNIFTY TECHNICAL

Current Spot: 11203.00
Pivot: 11326
5DEMA: 11414
10DEMA: 11446
20DEMA: 11378
50DEMA: 11065
RSI (14 days): 46.52
Parabolic SAR: 10633
Supports: 11051 - 10899 - 10625
Resistance: 11477 - 11752 - 11904

Bank Nifty Future VIX Range: 11135 - 11424
Bank Nifty Future VWAP: 11427.30
MP Values Bank Nifty Future: VAH - 11685, POC - 11620, VAL - 11399

TARGET BANKNIFTY
Buy BankNifty Future above 11400 - 11540 - 11700 - 11840 SL - 11365
Sell BankNifty Future below 11265 - 11150 - 11000 - 10800 SL - 11399

INTRADAY TRADE
Reliance Industries: Buy above 809 for targets of 811, 815, 821 SL 803
Reliance Industries: Sell below 800 for targets of 798, 794, 788 SL 807
Heritgfood: Buy above 380 for targets of 385, 395 SL 373
DishTv: Buy above 74.5 for targets of 75.2, 76 SL 73.3

SCORE SHEET
Recltd: Buy above 214 for targets of 216, 219 SL 211: Target 216.25 done
Greenply: Buy above 295 for targets of 298, 305 SL 290: Target 330.75 done

POSITIONAL TRADE
Anantraj: Buy above 78.5 for target of 82.5 SL 77 (2-3 Days)
Tbz: Buy above 186 for target of 195 SL 184 (1 Week)

Thanks and Regards

S&P Wealth Creators