Market outlook for 22/09/10

Nifty closed up 28.60 points (0.48%) at 6009.05 whilst Nifty September Future closed at 6011.65 premium of 2.6 points.
Bank Nifty closed down 6.25 points (0.05%) at 12244.95 whilst September Future closed at 12241.00 discount of 3.95 points.

• FII bought in Cash (Net buy 2311.77 Crore)
• FII sold in index future, index option and stock future (Net sell 2175.17 Crore)
• DII sold in Cash (Net sell 1259.98 Crore)
• US market is trading flat.
• Global cues are flat to positive.
• SGX nifty is flat to positive as of now.
• Most Active Nifty September Call Option: 6000 and 6100.
• Most Active Nifty September Put Options: 6000 and 5900.
• Advance Decline for the day was 280:1072

NIFTY TECHNICAL

Current Spot: 6009.05
Pivot: 6001
5DEMA: 5915
10DEMA: 5818
20DEMA: 5700
50DEMA: 5556
RSI (7 days): 89.52
Parabolic SAR: 5702
Supports: 5970 - 5930
Resistance: 6041 - 6072

Nifty Future VWAP: 6010
Bank Nifty Future VWAP: 12259
MP Values Spot: VAH - 6013, POC - 5999, VAL - 5985
MP Values Futures: VAH - 6024, POC - 6009, VAL - 5997
MP Values Bank Nifty Futures: VAH - 12271, POC - 12240, VAL - 12208

TARGET NIFTY
Buy Nifty above 6016 - 6045 - 6081 - 6118 SL - 6007
Sell Nifty below 6001 - 5977 - 5939 - 5903 SL - 6013

INTRADAY TRADE
Reliance Industries: Buy above 1041 for targets of 1045, 1054, 1065 SL 1034
Reliance Industries: Sell below 1030 for targets of 1027, 1021, 1014 SL 1039
Aegischem: Buy above 345 for targets of 348, 353 SL 339
Omaxe: Buy above 142 for targets of 143.5, 146 SL 139.5

SCORE SHEET
Ajmera: Buy above 290 for targets of 298, 310 SL 281: Target 296.50 achieved
SesaGoa: Buy above 336.6 for targets of 339, 342 SL 332: Target 342.80 achieved

POSITIONAL TRADE
Crewbos: Buy above 182 for target of 193 SL 178 (One Week)
Aftek: Buy above 16.5 for target of 18.5 SL 15.7 (One Month)

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