Market outlook for 12/09/11

Nifty closed down 93.80 points (1.82%) at 5059.45 while Nifty Future closed at 5052.50, discount of 6.95 points.
Bank Nifty closed down 241.35 points (2.43%) at 9678.70 while Future closed at 9659.75, discount of 18.95 points.

• FII sold in Cash (Net sell 427.67 Crore)
• FII bought in index option, stock future but sold huge in index future (Net buy 142.36 Crore)
• DII bought in Cash (Net buy 85.07 Crore)
• US futures are trading in RED.
• Global cues are Negative.
• SGX nifty is negative as of now.
• Most Active Nifty Call Option: 5100 and 5200.
• Most Active Nifty Put Options: 5100 and 5000.
• Advance Decline for the day was 504:933.

NIFTY TECHNICAL

Current Spot: 5059.45
Pivot: 5090
5DEMA: 5074
10DEMA: 5042
20DEMA: 5066
50DEMA: 5217
RSI (15 days): 46.58
Parabolic SAR: 4869
Supports: 5016 - 4973 - 4899
Resistance: 5133 - 5207 - 5250
NF VIX Range: 4979 - 5126

Nifty Future VWAP: 5096.25
MP Values Nifty Future: VAH - 5120, POC - 5076, VAL - 5043

TARGET NIFTY
Buy Nifty Future above 5087 - 5122 - 5190 - 5235 SL - 5067
Sell Nifty Future below 5045 - 5014 - 4975 - 4905 SL - 5086

BANKNIFTY TECHNICAL

Current Spot: 9678.70
Pivot: 9766
5DEMA: 9721
10DEMA: 9669
20DEMA: 9787
50DEMA: 10202
RSI (15 days): 43.36
Parabolic SAR: 9156
Supports: 9560 - 9442 - 9236
Resistance: 9885 - 10091 - 10209
Bank Nifty VIX Range: 9493 - 9826

Bank Nifty Future VWAP: 9804.76
MP Values Bank Nifty Future: VAH - 9960, POC - 9891, VAL - 9757

TARGET BANKNIFTY
Buy BankNifty Future above 9759 - 9863 - 10030 - 10155 SL - 9737
Sell BankNifty Future below 9645 - 9548 - 9432 - 9224 SL - 9757

INTRADAY TRADE
Reliance Industries: Buy above 840 for targets of 844, 850, 860 SL 834
Reliance Industries: Sell below 822 for targets of 818, 812, 802 SL 838
Jubilant: Buy above 224 for targets of 227, 233 SL 218
Arvind: Buy above 92.5 for targets of 94, 96 SL 90

SCORE SHEET
Hitachihom: Buy above 183 for targets of 186, 192 SL 177: Target 188.50 achieved
Educomp: Buy above 232 for targets of 235, 239 SL 229: SL Hit

POSITIONAL TRADE
Gitanjali: Buy above 345 for target of 356 SL 341 (2-3 Days)
Adsl: Buy above 32.3 for target of 35 SL 31.2 (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