Market outlook for 30/09/11

Nifty closed up 69.55 points (1.41%) at 5015.45 while Nifty Future closed at 5030.15, premium of 14.70 points.
Bank Nifty closed up 141.25 points (1.48%) at 9653.40 while Future closed at 9672.35, premium of 18.95 points.

• FII sold in Cash (Net sell 230.30 Crore)
• FII bought in index option, stock future but sold in index future (Net buy 1273.44 Crore)
• DII sold in Cash (Net sell 402.88 Crore)
• US futures are trading positive.
• Global cues are flat to positive.
• SGX nifty is flat as of now.
• Most Active Nifty Call Option: 5000 and 5200.
• Most Active Nifty Put Options: 4900 and 4800.
• Advance Decline for the day was 626:806.

NIFTY TECHNICAL

Current Spot: 5015.45
Pivot: 4985
5DEMA: 4969
10DEMA: 4979
20DEMA: 5005
50DEMA: 5130
RSI (14 days): 49.15
Parabolic SAR: 5081
Supports: 4936 - 4857 - 4808
Resistance: 5064 - 5113 - 5193
NF VIX Range: 4944 - 5116

Nifty Future VWAP: 4982.85
MP Values Nifty Future: VAH - 5044, POC - 4998, VAL - 4952

TARGET NIFTY
Buy Nifty Future above 5023 - 5065 - 5115 - 5200 SL - 4984
Sell Nifty Future below 4979 - 4938 - 4855 - 4805 SL - 4998

BANKNIFTY TECHNICAL

Current Spot: 9653.40
Pivot: 9583
5DEMA: 9576
10DEMA: 9581
20DEMA: 9628
50DEMA: 9964
RSI (14 days): 48.95
Parabolic SAR: 9798
Supports: 9477 - 9301 - 9195
Resistance: 9759 - 9865 - 10042
Bank Nifty VIX Range: 9489 - 9856

Bank Nifty Future VWAP: 9559.92
MP Values Bank Nifty Future: VAH - 9710, POC - 9602, VAL - 9489

TARGET BANKNIFTY
Buy BankNifty Future above 9664 - 9755 - 9860 - 10045 SL - 9574
Sell BankNifty Future below 9565 - 9480 - 9295 - 9190 SL - 9594

INTRADAY TRADE
Reliance Industries: Buy above 810 for targets of 813, 815, 825 SL 800
Reliance Industries: Sell below 798 for targets of 795, 790, 780 SL 804
LIChsgfin: Buy above 216 for targets of 219, 225 SL 210
JswSteel: Buy above 589 for targets of 596, 610 SL 575

SCORE SHEET
Canbk: Buy above 452 for targets of 457, 462 SL 445: Target 454.55 achieved and SL Hit
Mcdowell-N: Buy above 807 for targets of 816, 826 SL 491: Call not activated

POSITIONAL TRADE
TataMotors: Buy above 162 for target of 169 SL 158 (2-3 Days)
Ranbaxy: Buy above 502 for target of 525 SL 494 (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