Market outlook for 16/11/2012

Nifty closed down 35.95 points (0.63%) at 5631.00 while Nifty Future closed at 5649.15, premium of 18.15 points.
Bank Nifty closed down 12.50 points (0.11%) at 11521.40 while Future closed at 11571.35, premium of 49.95 points.

• FII bought in Cash (Net buy 46.45 Crore)
• FII sold in index future, index option, stock future (Net sell 1618.12 Crore)
• DII sold in Cash (Net sell 381.67 Crore)
• Most Active Nifty Call Option: 5700 and 5800.
• Most Active Nifty Put Options: 5600 and 5500.
• Advance Decline for the day was 542:981.

NIFTY TECHNICAL

Current Spot: 5631.00
Pivot: 5629
5DEMA: 5670
10DEMA: 5681
20DEMA: 5678
50DEMA: 5618
RSI (14 days): 45.28
Parabolic SAR: 5278
Supports: 5606 - 5581 - 5558
Resistance: 5654 - 5677 - 5702

Nifty Future VIX Range: 5609 - 5689
Nifty Future VWAP: 5641.82
MP Values Nifty Future: VAH - 5656, POC - 5645, VAL - 5634

TARGET NIFTY
Buy Nifty Future above 5656 - 5670 - 5685 - 5705 SL - 5644
Sell Nifty Future below 5634 - 5620 - 5605 - 5585 SL - 5646

BANKNIFTY TECHNICAL

Current Spot: 11521.40
Pivot: 11490
5DEMA: 11536
10DEMA: 11519
20DEMA: 11470
50DEMA: 11222
RSI (14 days): 54.41
Parabolic SAR: 11319
Supports: 11450 - 11379 - 11339
Resistance: 11561 - 11601 - 11673

Bank Nifty Future VIX Range: 11447 - 11695
Bank Nifty Future VWAP: 11533.23
MP Values Bank Nifty Future: VAH - 11557, POC - 11517, VAL - 11477

TARGET BANKNIFTY
Buy BankNifty Future above 11580 - 11610 - 11660 - 11740 SL - 11534
Sell BankNifty Future below 11517 - 11480 - 11425 - 11380 SL - 11558

INTRADAY TRADE
Reliance Industries: Buy above 787 for targets of 789, 793, 800 SL 782
Reliance Industries: Sell below 781 for targets of 779, 775, 768 SL 785
Adanient: Buy above 237 for targets of 240, 245 SL 233
TataGlobal: Buy above 180 for targets of 182, 186 SL 177

SCORE SHEET
Maninds: Buy above 190 for targets of 193, 200 SL 185: Call not Active
Eidparry: Buy above 242 for targets of 245, 250 SL 238: Target 243.95 done

POSITIONAL TRADE
Titan: Buy above 301 for target of 310 SL 296 (2-3 Days)
NHPC: Buy above 22.70 for target of 24 SL 22.30 (1 Week)

Thanks and Regards

S&P Wealth Creators