Market outlook for 07/09/11

Nifty closed up 47.10 points (0.94%) at 5064.30 while Nifty Future closed at 5061.10, discount of 3.20 points.
Bank Nifty closed up 43.55 points (0.45%) at 9657.60 while Future closed at 9659.60, premium of 2.00 points.

• FII bought in Cash (Net buy 431.48 Crore)
• FII bought in index option, stock future but sold in index future (Net buy 602.02 Crore)
• DII sold in Cash (Net sell 415.17 Crore)
• US futures are trading flat to negative.
• Global cues are flat to Negative.
• SGX nifty is negative as of now.
• Most Active Nifty Call Option: 5000 and 5100.
• Most Active Nifty Put Options: 4900 and 4800.
• Advance Decline for the day was 870:544.

NIFTY TECHNICAL

Current Spot: 5064.30
Pivot: 5027
5DEMA: 5006
10DEMA: 4987
20DEMA: 5050
50DEMA: 5231
RSI (15 days): 46.71
Parabolic SAR: 4785
Supports: 4981 - 4897 - 4851
Resistance: 5011 - 5157 - 5241
NF VIX Range: 4984 - 5139

Nifty Future VWAP: 4994.63
MP Values Nifty Future: VAH - 5027, POC - 4972, VAL - 4934

TARGET NIFTY
Buy Nifty Future above 5065 - 5105 - 5160 - 5235 SL - 5019
Sell Nifty Future below 5014 - 4975 - 4885 - 4840 SL - 5034

BANKNIFTY TECHNICAL

Current Spot: 9657.60
Pivot: 9573
5DEMA: 9551
10DEMA: 9555
20DEMA: 9778
50DEMA: 10257
RSI (15 days): 41.56
Parabolic SAR: 8994
Supports: 9450 - 9242 - 9119
Resistance: 9781 - 9903 - 10111
Bank Nifty VIX Range: 9497 - 9822

Bank Nifty Future VWAP: 9487.75
MP Values Bank Nifty Future: VAH - 9587, POC - 9474, VAL - 9361

TARGET BANKNIFTY
Buy BankNifty Future above 9667 - 9785 - 9910 - 10150 SL - 9545
Sell BankNifty Future below 9544 - 9435 - 9200 - 9065 SL - 9565

INTRADAY TRADE
Reliance Industries: Buy above 824 for targets of 828, 834, 846 SL 806
Reliance Industries: Sell below 804 for targets of 800, 794, 782 SL 810
TataCoffee: Buy above 870 for targets of 885, 910 SL 845
Gsfc: Buy above 432 for targets of 436, 445 SL 421

SCORE SHEET
Nitinfire: Buy above 141 for targets of 144, 149 SL 136: Target 145.60 achieved
Lovable: Buy above 607 for targets of 618, 632 SL 593: Target 635.75 achieved

POSITIONAL TRADE
Deltacorp: Buy above 98 for target of 102 SL 96 (2-3 Days)
Escorts: Buy above 73 for target of 82 SL 70 (1 Week)

This Blog is meant for sharing my trading ideas only and no calls to be taken as trading recommendation. Visitors please do your own research or consult your advisers for safe trading.

Thanks and Regards

S&P Wealth Creators