Market outlook for 21/10/10

Nifty closed down 45.20 points (0.75%) at 5982.10 whilst Nifty October Future closed at 6007.80 premium of 25.70 points.
Bank Nifty closed down 69.15 points (0.56%) at 12176.50 whilst October Future closed at 12250.15 premium of 73.65 points.

• FII bought in Cash (Net buy 16.35 Crore)
• FII bought in index option but sold in index future and stock future (Net buy 225.03 Crore)
• DII sold in Cash (Net sell 27.50 Crore)
• US market ended in Green.
• Global cues are flat.
• SGX nifty is flat to positive as of now.
• Most Active Nifty October Call Option: 6100 and 6200.
• Most Active Nifty October Put Options: 6100 and 6000.
• Advance Decline for the day was 442:927

NIFTY TECHNICAL

Current Spot: 5982.10
Pivot: 5996
5DEMA: 6050
10DEMA: 6075
20DEMA: 6040
50DEMA: 5862
RSI (7 days): 36.04
Parabolic SAR: 6254
Supports: 5953 - 5924
Resistance: 6025 - 6067

Nifty Future VWAP: 6038.72
Bank Nifty Future VWAP: 12290.69
MP Values Spot: VAH - 6027, POC - 6010, VAL - 5993
MP Values Futures: VAH - 6064 POC - 6057, VAL - 6038
MP Values Bank Nifty Futures: VAH - 12315, POC - 12291, VAL - 12260

TARGET NIFTY
Buy Nifty Future above 6029 - 6058 - 6110 - 6147 SL - 6021
Sell Nifty Future below 5999 - 5974 - 5938 - 5885 SL - 6027

INTRADAY TRADE
Reliance Industries: Buy above 1056 for targets of 1060, 1066, 1074 SL 1048
Reliance Industries: Sell below 1044 for targets of 1039, 1034, 1027 SL 1053
CentralBk: Buy above 211 for targets of 213, 216 SL 207
IDBI: Buy above 167 for targets of 169, 172 SL 163

SCORE SHEET
Ingvysyabk: Buy above 421 for targets of 426, 434 SL 410: Target 424.9 achieved
Arvind: Buy above 56.5 for targets of 57.5, 59 SL 54.7: Call not activated

POSITIONAL TRADE
Thinksoft: Buy above 124 for target of 138 SL 118 (One Week)
Reiagroltd: Buy above 25.9 for target of 28 SL 25 (One Week)

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