Market outlook for 01/11/2012

Nifty closed up 21.80 points (0.39%) at 5619.70 while Nifty Future closed at 5646.10, premium of 26.40 points.
Bank Nifty closed up 65.80 points (0.59%) at 11268.80 while Future closed at 11338.45, premium of 69.65 points.

• FII bought in Cash (Net buy 248.48 Crore)
• FII bought in index option, stock future but sold in index future (Net buy 306.23 Crore)
• DII sold in Cash (Net sell 97.85 Crore)
• Most Active Nifty Call Option: 5700 and 5800.
• Most Active Nifty Put Options: 5600 and 5500.
• Advance Decline for the day was 823:655.

NIFTY TECHNICAL

Current Spot: 5619.70
Pivot: 5609
5DEMA: 5642
10DEMA: 5659
20DEMA: 5656
50DEMA: 5568
RSI (14 days): 48.03
Parabolic SAR: 5013
Supports: 5594 - 5568 - 5552
Resistance: 5635 - 5650 - 5676

Nifty Future VIX Range: 5600 - 5692
Nifty Future VWAP: 5634.34
MP Values Nifty Future: VAH - 5640, POC - 5629, VAL - 5618

TARGET NIFTY
Buy Nifty Future above 5650 - 5660 - 5675 - 5695 SL - 5634
Sell Nifty Future below 5629 - 5618 - 5605 - 5590 SL - 5640

BANKNIFTY TECHNICAL

Current Spot: 11268.80
Pivot: 11228
5DEMA: 11366
10DEMA: 11414
20DEMA: 11368
50DEMA: 11070
RSI (14 days): 49.04
Parabolic SAR: 10715
Supports: 11166 - 11063 - 11001
Resistance: 11331 - 11393 - 11496

Bank Nifty Future VIX Range: 11197 - 11480
Bank Nifty Future VWAP: 11289.53
MP Values Bank Nifty Future: VAH - 11319, POC - 11273, VAL - 11227

TARGET BANKNIFTY
Buy BankNifty Future above 11347 - 11395 - 11460 - 11560 SL - 11290
Sell BankNifty Future below 11273 - 11240 - 11145 - 11090 SL - 11319

INTRADAY TRADE
Reliance Industries: Buy above 808 for targets of 810, 813, 818 SL 802
Reliance Industries: Sell below 800 for targets of 798, 795, 790 SL 806
Zeel: Buy above 190 for targets of 193, 197 SL 186
Pfc: Buy above 186 for targets of 188, 191 SL 182

SCORE SHEET
Heritgfood: Buy above 380 for targets of 385, 395 SL 373: Target 392.00 done
DishTv: Buy above 74.5 for targets of 75.2, 76 SL 73.3: Target 75.90 done

POSITIONAL TRADE
Excelcorp: Buy above 230 for target of 245 SL 222 (2-3 Days)
Punjlloyd: Buy above 50.7 for target of 54 SL 49.7 (1 Week)

Thanks and Regards

S&P Wealth Creators