Market outlook for 25/09/2012

Nifty closed down 21.55 points (0.38%) at 5669.60 while Nifty Future closed at 5681.65, premium of 12.05 points.
Bank Nifty closed up 65.00 points (0.57%) at 11423.50 while Future closed at 11422.50, discount of 1.00 points.

• FII bought in Cash (Net buy 1595.72 Crore)
• FII sold in index future, stock future but bought in index option (Net sell 110.87 Crore)
• DII sold in Cash (Net sell 1156.45 Crore)
• Most Active Nifty Call Option: 5700 and 5800.
• Most Active Nifty Put Options: 5700 and 5600.
• Advance Decline for the day was 904:594.

NIFTY TECHNICAL

Current Spot: 5669.60
Pivot: 5681
5DEMA: 5618
10DEMA: 5549
20DEMA: 5467
50DEMA: 5359
RSI (14 days): 72.39
Parabolic SAR: 5530
Supports: 5652 - 5634 - 5605
Resistance: 5699 - 5728 - 5746

Nifty Future VIX Range: 5623 - 5741
Nifty Future VWAP: 5694.75
MP Values Nifty Future: VAH - 5714, POC - 5700, VAL - 5686

TARGET NIFTY
Buy Nifty Future above 5701 - 5715 - 5740 - 5765 SL - 5686
Sell Nifty Future below 5685 - 5670 - 5650 - 5625 SL - 5700

BANKNIFTY TECHNICAL

Current Spot: 11423.50
Pivot: 11439
5DEMA: 11122
10DEMA: 10836
20DEMA: 10583
50DEMA: 10398
RSI (14 days): 76.39
Parabolic SAR: 10628
Supports: 11344 - 11264 - 11170
Resistance: 11518 - 11613 - 11693

Bank Nifty Future VIX Range: 11228 - 11617
Bank Nifty Future VWAP: 11445.81
MP Values Bank Nifty Future: VAH - 11485, POC - 11438, VAL - 11391

TARGET BANKNIFTY
Buy BankNifty Future above 11440 - 11500 - 11590 - 11660 SL - 10391
Sell BankNifty Future below 11390 - 11350 - 11280 - 11195 SL - 11438

INTRADAY TRADE
Reliance Industries: Buy above 846 for targets of 849, 855, 864 SL 840
Reliance Industries: Sell below 833 for targets of 830, 824, 815 SL 844
Bajajfinsv: Buy above 831 for targets of 839, 852 SL 815
Jindalstel: Buy above 447 for targets of 451, 460 SL 441

SCORE SHEET
Bhel: Buy above 234 for targets of 237, 242 SL 229: Target 251.50 done
HdfcBank: Buy above 628 for targets of 633, 640 SL 619: Target 636.90 done

POSITIONAL TRADE
Bhel: Buy above 249 for target of 262 SL 243 (2-3 Days)
AdaniPower: Buy above 51 for target of 54.5 SL 49.7 (1 Week)

Thanks and Regards

S&P Wealth Creators