Market outlook for 15/09/10

Nifty closed up 35.55 points (0.62%) at 5795.55 whilst Nifty September Future closed at 5812.00 premium of 16.45 points.
Bank Nifty closed up 55.50 points (0.47%) at 11928.35 whilst September Future closed at 11912.15 discount of 16.2 points.

• FII bought in Cash (Net buy 1624.79 Crore)
• FII sold in index option and stock future but bought in index future (Net sell 2391.70 Crore)
• DII sold in Cash (Net sell 1124.30 Crore)
• US market is trading in Green.
• Global cues are flat to positive.
• SGX nifty is flat to positive as of now.
• Most Active Nifty September Call Option: 5800 and 5900.
• Most Active Nifty September Put Options: 5800 and 5700.
• Advance Decline for the day was 383:967

NIFTY TECHNICAL

Current Spot: 5795.55
Pivot: 5800
5DEMA: 5695
10DEMA: 5623
20DEMA: 5556
50DEMA: 5464
RSI (7 days): 88.51
Parabolic SAR: 5435
Supports: 5761 - 5727
Resistance: 5834 - 5873

Nifty VWAP: 5806
Bank Nifty VWAP: 11925
MP Values Spot: VAH - 5810, POC - 5798, VAL - 5786
MP Values Futures: VAH - 5818, POC - 5810, VAL - 5797
MP Values Bank Nifty Futures: VAH - 11955, POC - 11920, VAL - 11900

TARGET NIFTY
Buy Nifty above 5816 - 5849 - 5889 - 5936 SL - 5802
Sell Nifty below 5796 - 5768 - 5721 - 5681 SL - 5808

INTRADAY TRADE
Reliance Industries: Buy above 997 for targets of 999, 1006, 1012 SL 989
Reliance Industries: Sell below 983 for targets of 981, 976, 965 SL 994
JPAssociat: Buy above 126.8 for targets of 127.8, 129 SL 124.8
Ster: Buy above 172 for targets of 174, 177 SL 170

SCORE SHEET
Ambuja Cement: Buy above 140 for targets of 141.5, 143 SL 138: Call not activated
Hindalco: Buy above 192 for targets of 194, 197 SL 188: Call not activated

POSITIONAL TRADE
IOC: Buy above 441 for target of 458 SL 431 (One Week)
DishTV: Buy above 58.8 for target of 63 SL 58 (Two Weeks)

Use strict STOP LOSS in each and every trade in this kind of volatile market and Trade at your own risk.

Thanks and Regards

S&P Wealth Creators