Market outlook for 22/11/2012

Nifty closed up 43.25 points (0.78%) at 5614.80 while Nifty Future closed at 5622.10, premium of 7.30 points.
Bank Nifty closed up 147.05 points (1.30%) at 11465.35 while Future closed at 11482.80, premium of 17.45 points.

• FII bought in Cash (Net buy 182.59 Crore)
• FII bought in index option, stock future but sold in index future (Net buy 309.65 Crore)
• DII sold in Cash (Net sell 133.08 Crore)
• Most Active Nifty Call Option: 5600 and 5700.
• Most Active Nifty Put Options: 5600 and 5500.
• Advance Decline for the day was 769:726.

NIFTY TECHNICAL

Current Spot: 5614.80
Pivot: 5599
5DEMA: 5606
10DEMA: 5629
20DEMA: 5647
50DEMA: 5617
RSI (14 days): 45.57
Parabolic SAR: 5387
Supports: 5577 - 5540 - 5519
Resistance: 5636 - 5658 - 5695

Nifty Future VIX Range: 5582 - 5662
Nifty Future VWAP: 5605.47
MP Values Nifty Future: VAH - 5622, POC - 5605, VAL - 5588

TARGET NIFTY
Buy Nifty Future above 5625 - 5645 - 5670 - 5700 SL - 5605
Sell Nifty Future below 5604 - 5585 - 5560 - 5535 SL - 5623

BANKNIFTY TECHNICAL

Current Spot: 11465.35
Pivot: 11415
5DEMA: 11410
10DEMA: 11436
20DEMA: 11434
50DEMA: 11245
RSI (14 days): 52.47
Parabolic SAR: 11674
Supports: 11354 - 11242 - 11180
Resistance: 11527 - 11589 - 11701

Bank Nifty Future VIX Range: 11360 - 11606
Bank Nifty Future VWAP: 11431.20
MP Values Bank Nifty Future: VAH - 11497, POC - 11452, VAL - 11407

TARGET BANKNIFTY
Buy BankNifty Future above 11497 - 11535 - 11600 - 11700 SL - 11450
Sell BankNifty Future below 11407 - 11380 - 11270 - 11215 SL - 11452

INTRADAY TRADE
Reliance Industries: Buy above 773 for targets of 775, 779, 787 SL 767
Reliance Industries: Sell below 765 for targets of 763, 759, 753 SL 771
Unionbank: Buy above 227 for targets of 230, 235 SL 223
JetAirways: Buy above 455 for targets of 460, 470 SL 446

SCORE SHEET
Gitanjali: Buy above 448 for targets of 452, 460 SL 441: SL Hit
Apollohosp: Buy above 860 for targets of 870, 885 SL 849: Target 867.00 done

POSITIONAL TRADE
Aanjaneya: Buy above 755 for target of 810 SL 727 (2-3 Days)
Anantraj: Buy above 94 for target of 100 SL 91 (1 Week)

Thanks and Regards

S&P Wealth Creators