Monday, November 19, 2012

Market outlook for 20/11/2012

Nifty closed down 2.65 points (0.05%) at 5571.40 while Nifty Future closed at 5589.65, premium of 18.25 points.
Bank Nifty closed down 28.55 points (0.25%) at 11306.95 while Future closed at 11361.85, premium of 54.90 points.
  • FII sold in Cash (Net sell 1.52 Crore)
  • FII sold in index future, index option but bought in stock future (Net sell 17.64 Crore)
  • DII sold in Cash (Net sell 502.60 Crore)
  • Most Active Nifty Call Option: 5600 and 5700.
  • Most Active Nifty Put Options: 5600 and 5500.
  • Advance Decline for the day was 449:1052.
NIFTY TECHNICAL
Current Spot: 5571.40
Pivot: 5571
5DEMA: 5616
10DEMA: 5645
20DEMA: 5659
50DEMA: 5619
RSI (14 days): 39.02
Parabolic SAR: 5336
Supports: 5550 - 5528 - 5506
Resistance: 5593 - 5615 - 5637
Nifty Future VIX Range: 5549 - 5630
Nifty Future VWAP: 5583.67
MP Values Nifty Future: VAH - 5593, POC - 5583, VAL - 5573

TARGET NIFTY
Buy Nifty Future above 5594 - 5606 - 5624 - 5645 SL - 5582
Sell Nifty Future below 5573 - 5565 - 5546 - 5425 SL - 5588

BANKNIFTY TECHNICAL
Current Spot: 11306.95
Pivot: 11314
5DEMA: 11415
10DEMA: 11453
20DEMA: 11443
50DEMA: 11233
RSI (14 days): 45.53
Parabolic SAR: 11710
Supports: 11249 - 11192 - 11128
Resistance: 11371 - 11436 - 11493
Bank Nifty Future VIX Range: 11237 - 11487
Bank Nifty Future VWAP: 11343.72
MP Values Bank Nifty Future: VAH - 11371, POC - 11344, VAL - 11317

TARGET BANKNIFTY
Buy BankNifty Future above 11371 - 11400 - 11450 - 11510 SL - 11343
Sell BankNifty Future below 11317 - 11300 - 11245 - 11195 SL - 11345

INTRADAY TRADE
Reliance Industries: Buy above 776 for targets of 779, 785, 795 SL 769
Reliance Industries: Sell below 768 for targets of 765, 759, 749 SL 773
Amarajabat: Buy above 262 for targets of 265, 270 SL 259
Maruti: Buy above 1500 for targets of 1515, 1535 SL 1480

SCORE SHEET
Rushil: Buy above 306 for targets of 310, 317 SL 300: Target 320.95 done
Apollohosp: Buy above 840 for targets of 850, 865 SL 827: Target 859.00 done

POSITIONAL TRADE
Itc: Buy above 282 for target of 288 SL 278 (2-3 Days)
Welspunind: Buy above 68.5 for target of 73 SL 66.5 (1 Week)

Thanks and Regards

S&P Wealth Creators

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