Market outlook for 15/10/2012

Nifty closed down 32.00 points (0.56%) at 5676.05 while Nifty Future closed at 5686.55, premium of 10.50 points.
Bank Nifty closed down 42.85 points (0.37%) at 11388.45 while Future closed at 11423.80, premium of 35.35 points.

• FII bought in Cash (Net buy 201.16 Crore)
• FII bought in index option but sold in index future, stock future (Net buy 334.16 Crore)
• DII bought in Cash (Net buy 188.29 Crore)
• Most Active Nifty Call Option: 5700 and 5800.
• Most Active Nifty Put Options: 5700 and 5600.
• Advance Decline for the day was 654:844.

NIFTY TECHNICAL

Current Spot: 5676.05
Pivot: 5687
5DEMA: 5690
10DEMA: 5686
20DEMA: 5636
50DEMA: 5502
RSI (14 days): 57.64
Parabolic SAR: 5743
Supports: 5649 - 5621 - 5583
Resistance: 5714 - 5752 - 5780

Nifty Future VIX Range: 5633 - 5740
Nifty Future VWAP: 5706.22
MP Values Nifty Future: VAH - 5727, POC - 5709, VAL - 5691

TARGET NIFTY
Buy Nifty Future above 5710 - 5727 - 5750 - 5780 SL - 5691
Sell Nifty Future below 5685 - 5665 - 5640 - 5610 SL - 5709

BANKNIFTY TECHNICAL

Current Spot: 11388.45
Pivot: 11429
5DEMA: 11401
10DEMA: 11374
20DEMA: 11197
50DEMA: 10853
RSI (14 days): 61.09
Parabolic SAR: 11613
Supports: 11331 - 11274 - 11176
Resistance: 11486 - 11584 - 11641

Bank Nifty Future VIX Range: 11267 - 11580
Bank Nifty Future VWAP: 11486.62
MP Values Bank Nifty Future: VAH - 11547, POC - 11498, VAL - 11449

TARGET BANKNIFTY
Buy BankNifty Future above 11499 - 11547 - 11630 - 11700 SL - 11449
Sell BankNifty Future below 11435 - 11370 - 11310 - 11240 SL - 11498

INTRADAY TRADE
Reliance Industries: Buy above 825 for targets of 828, 833, 840 SL 818
Reliance Industries: Sell below 815 for targets of 812, 807, 800 SL 822
CenturyTex: Buy above 392 for targets of 395, 400 SL 387
Max: Buy above 239 for targets of 242, 247 SL 233

SCORE SHEET
Relcapital: Buy above 460 for targets of 465, 474 SL 453: SL Hit
Adanient: Buy above 227 for targets of 230, 235 SL 222: Target 231.30 done

POSITIONAL TRADE
Bhusanstl: Buy above 505 for target of 520 SL 499 (2-3 Days)
Ambujacem: Buy above 215 for target of 222 SL 213 (1 Week)

Thanks and Regards

S&P Wealth Creators