Thursday, October 27, 2011

Market outlook for 28/10/11

Nifty closed up 10.20 points (0.20%) at 5201.80 while Nifty Future closed at 5232.05, premium of 30.25 points.
Bank Nifty closed up 35.00 points (0.37%) at 9546.60 while Future closed at 9580.90, premium of 34.30 points.
  • FII sold in Cash (Net sell 68.95 Crore)
  • FII bought in index option and index future but sold in stock future (Net buy 346.66 Crore)
  • DII bought in Cash (Net buy 36.25 Crore)
  • US futures ended in Green.
  • Global cues are flat to positive.
  • SGX nifty is positive as of now.
  • Most Active Nifty Call Option: 5300 and 5400.
  • Most Active Nifty Put Options: 5200 and 5100.
  • Advance Decline for the day was 1200:232.
NIFTY TECHNICAL
Current Spot: 5201.80
Pivot: 5206
5DEMA: 5147
10DEMA: 5107
20DEMA: 5062
50DEMA: 5081
RSI (14 days): 58.95
Parabolic SAR: 5045
Supports: 5192 - 5183 - 5169
Resistance: 5215 -5229 - 5238
CAM Support: 5200 - 5198 - 5195 - 5189
CAM Resistance: 5204 - 5206 - 5208 - 5215
NF VIX Range: 5152 - 5312
Nifty Future VWAP: 5235.30
MP Values Nifty Future: VAH - 5233, POC - 5191, VAL - 5149

TARGET NIFTY
Buy Nifty Future above 5243 - 5249 - 5266 - 5280 SL - 5229
Sell Nifty Future below 5224 - 5218 - 5210 - 5190 SL - 5241

BANKNIFTY TECHNICAL
Current Spot: 9546.60
Pivot: 9559
5DEMA: 9596
10DEMA: 9581
20DEMA: 9542
50DEMA: 9694
RSI (14 days): 49.55
Parabolic SAR: 9323
Supports: 9511 - 9476 - 9428
Resistance: 9595 - 9643 - 9678
CAM Support: 9539 - 9531 - 9524 - 9501
CAM Resistance: 9554 - 9562 - 9570 - 9593
Bank Nifty VIX Range: 9405 - 9757
Bank Nifty Future VWAP: 9588.25
MP Values Bank Nifty Future: VAH - 9712, POC - 9475, VAL - 9362

TARGET BANKNIFTY
Buy BankNifty Future above 9597 - 9625 - 9675 - 9715 SL - 9579
Sell BankNifty Future below 9567 - 9545 - 9510 - 9460 SL - 9595

INTRADAY TRADE
Reliance Industries: Buy above 880 for targets of 883, 888, 896 SL 873
Reliance Industries: Sell below 869 for targets of 866, 861, 853 SL 878
GTL: Buy above 51.60 for targets of 52.5, 54.5 SL 50.40
NitinFire: Buy above 41.50 for targets of 42, 43.5 SL 40.7

SCORE SHEET

POSITIONAL TRADE
Mindtree: Buy above 392 for target of 406 SL 387 (2-3 Days)
Parabdrugs: Buy above 38.1 for target of 44 SL 37 (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