Market outlook for 04/10/11

Nifty closed down 93.75 points (1.90%) at 4849.50 while Nifty Future closed at 4857.75, premium of 8.25 points.
Bank Nifty closed down 282.40 points (2.98%) at 9185.90 while Future closed at 9182.60, discount of 3.30 points.

• FII sold in Cash (Net sell 825.89 Crore)
• FII bought in index option but sold in index future, stock future (Net buy 971.95 Crore)
• DII bought in Cash (Net buy 295.34 Crore)
• US futures are trading flat to positive.
• Global cues are flat to positive.
• SGX nifty is flat as of now.
• Most Active Nifty Call Option: 4900 and 5000.
• Most Active Nifty Put Options: 4800 and 4700.
• Advance Decline for the day was 335:1103.

NIFTY TECHNICAL

Current Spot: 4849.50
Pivot: 4851
5DEMA: 4923
10DEMA: 4950
20DEMA: 4985
50DEMA: 5115
RSI (14 days): 40.95
Parabolic SAR: 5043
Supports: 4823 - 4796 - 4767
Resistance: 4878 - 4906 - 4933
NF VIX Range: 4775 - 4940

Nifty Future VWAP: 4846.07
MP Values Nifty Future: VAH - 4864, POC - 4847, VAL - 4830

TARGET NIFTY
Buy Nifty Future above 4861 - 4884 - 4913 - 4950 SL - 4845
Sell Nifty Future below 4843 - 4895 - 4823 - 4786 SL - 4854

BANKNIFTY TECHNICAL

Current Spot: 9185.90
Pivot: 9225
5DEMA: 9422
10DEMA: 9492
20DEMA: 9573
50DEMA: 9932
RSI (14 days): 39.16
Parabolic SAR: 9724
Supports: 9117 - 9049 - 8941
Resistance: 9294 - 9401 - 9470
Bank Nifty VIX Range: 9001 - 9364

Bank Nifty Future VWAP: 9183.60
MP Values Bank Nifty Future: VAH - 9240, POC - 9191, VAL - 9142

TARGET BANKNIFTY
Buy BankNifty Future above 9222 - 9310 - 9440 - 9540 SL - 9211
Sell BankNifty Future below 9169 - 9088 - 8988 - 8856 SL - 9220

INTRADAY TRADE
Reliance Industries: Buy above 795 for targets of 798, 803, 811 SL 789
Reliance Industries: Sell below 784 for targets of 781, 776, 768 SL 793
Lichsgfin: Buy above 215 for targets of 218, 222 SL 212
HindPetro: Buy above 380 for targets of 383, 388 SL 374

SCORE SHEET
SesaGoa: Buy above 202 for targets of 205, 209 SL 197: Call not activated
Jisljaleqs: Buy above 154 for targets of 155.5, 158 SL 151.5: Call not activated

POSITIONAL TRADE
Educomp: Buy above 248 for target of 261 SL 241 (2-3 Days)
Koutons: Buy above 26.5 for target of 29.5 SL 25.4 (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