Market outlook for 10/05/11

Nifty closed down 0.35 points (0.01%) at 5551.10 while Nifty Future closed at 5558.65 premium of 7.55 points.
Bank Nifty closed down 68.60 points (0.62%) at 11076.50 while Future closed at 11083.50 premium of 7.00 points.

• FII bought in Cash (Net buy 196.42 Crore)
• FII bought in index future, stock future but sold in index option (Net buy 584.51 Crore)
• DII sold in Cash (Net sell 125.78 Crore)
• US futures ended positive.
• Global cues are flat.
• SGX nifty is flat as of now.
• Most Active Nifty May Call Option: 5600 and 5700.
• Most Active Nifty May Put Options: 5500 and 5400.
• Advance Decline for the day was 577:821.

NIFTY TECHNICAL

Current Spot: 5551.10
Pivot: 5547
5DEMA: 5566
10DEMA: 5628
20DEMA: 5680
50DEMA: 5631
RSI (15 days): 41.71
Parabolic SAR: 5762
Supports: 5507 - 5463 - 5423
Resistance: 5591 - 5630 - 5674
DeMark’s: 5485 - 5569

Nifty Future VWAP: 5549.36
MP Values Futures: VAH - 5576, POC - 5552, VAL - 5528

TARGET NIFTY
Buy Nifty Future above 5563 - 5592 - 5628 - 5674 SL - 5543
Sell Nifty Future below 5540 - 5515 - 5468 - 5432 SL - 5555

BANKNIFTY TECHNICAL

Current Spot: 11076.50
Pivot: 11082
5DEMA: 11072
10DEMA: 11212
20DEMA: 11342
50DEMA: 11209
RSI (15 days): 44.09
Parabolic SAR: 11552
Supports: 10951 - 10825 - 10694
Resistance: 11208 - 11339 - 11465
DeMark’s: 10888 - 11145

Bank Nifty Future VWAP: 11079.23
MP Values Bank Nifty Futures: VAH - 11148, POC - 11084, VAL - 11020

TARGET BANKNIFTY
Buy BankNifty Future above 11099 - 11227 - 11376 - 11517 SL - 11079
Sell BankNifty Future below 11067 - 10948 - 10807 - 10658 SL - 11097

INTRADAY TRADE
Reliance Industries: Buy above 962 for targets of 964, 970, 979 SL 957
Reliance Industries: Sell below 954 for targets of 952, 947, 940 SL 961
Sgjhk: Buy above 243 for targets of 246, 251 SL 237
NifinFire: Buy above 103 for targets of 105, 109 SL 99

SCORE SHEET
YesBank: Buy above 302 for targets of 305, 311 SL 296: Target 304.30 achieved
JetAirways: Buy above 495 for targets of 505, 519 SL 479: SL Hit

POSITIONAL TRADE
CoalIndia: Buy above 394 for target of 416 SL 384 (One Week)
Mrpl: Buy above 76 for target of 82 SL 74 (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