Market outlook for 21/10/11

Nifty closed down 47.25 points (0.92%) at 5091.90 while Nifty Future closed at 5102.85, premium of 10.95 points.
Bank Nifty closed down 94.95 points (0.96%) at 9746.40 while Future closed at 9772.75, premium of 26.35 points.

• FII sold in Cash (Net sell 472.00 Crore)
• FII bought in index option but sold index future, stock future (Net buy 2056.14 Crore)
• DII sold in Cash (Net sell 125.27 Crore)
• US futures are trading flat.
• Global cues are flat.
• SGX nifty is flat 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 504:910.

NIFTY TECHNICAL

Current Spot: 5091.90
Pivot: 5075
5DEMA: 5089
10DEMA: 5055
20DEMA: 5023
50DEMA: 5073
RSI (14 days): 53.86
Parabolic SAR: 4941
Supports: 5051 - 5010 - 4986
Resistance: 5116 -5140 - 5181
CAM Support: 5086 - 5080 - 5074 - 5056
CAM Resistance: 5098 - 5104 - 5110 - 5128
NF VIX Range: 5020 - 5186

Nifty Future VWAP: 5068.82
MP Values Nifty Future: VAH - 5078, POC - 5048, VAL - 5034

TARGET NIFTY
Buy Nifty Future above 5107 - 5129 - 5158 - 5205 SL - 5080
Sell Nifty Future below 5075 - 5056 - 5010 - 4980 SL - 5098

BANKNIFTY TECHNICAL

Current Spot: 9746.40
Pivot: 9710
5DEMA: 9684
10DEMA: 9574
20DEMA: 9517
50DEMA: 9728
RSI (14 days): 54.79
Parabolic SAR: 9121
Supports: 9655 - 9564 - 9510
Resistance: 9801 - 9855 - 9946
CAM Support: 9733 - 9720 - 9706 - 9666
CAM Resistance: 9760 - 9773 - 9786 - 9826
Bank Nifty VIX Range: 9576 - 9970

Bank Nifty Future VWAP: 9692.34
MP Values Bank Nifty Future: VAH - 9710, POC - 9649, VAL - 9612

TARGET BANKNIFTY
Buy BankNifty Future above 9780 - 9835 - 9900 - 10010 SL - 9722
Sell BankNifty Future below 9712 - 9665 - 9550 - 9490 SL - 9756

INTRADAY TRADE
Reliance Industries: Buy above 841 for targets of 844, 849, 857 SL 832
Reliance Industries: Sell below 830 for targets of 827, 822, 814 SL 837
Bomdyeing: Buy above 413 for targets of 416, 422 SL 406
Raymond: Buy above 360 for targets of 365, 374 SL 354

SCORE SHEET
Aban: Buy above 413 for targets of 417, 424 SL 406: Call not activated
Onelifecap: Buy above 199 for targets of 202, 206 SL 195: Target 202.70 achieved

POSITIONAL TRADE
MoserBaer: Buy above 26.3 for target of 28.2 SL 25.6 (2-3 Days)
Geodesic: Buy above 59.5 for target of 63 SL 58 (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