Market outlook for 18/10/2012

Nifty closed up 12.25 points (0.22%) at 5660.25 while Nifty Future closed at 5669.50, premium of 9.25 points.
Bank Nifty closed up 10.25 points (0.09%) at 11358.25 while Future closed at 11388.05, premium of 29.80 points.

• FII bought in Cash (Net buy 35.54 Crore)
• FII bought in index future, stock future but sold in index option (Net buy 191.47 Crore)
• DII sold in Cash (Net sell 248.40 Crore)
• Most Active Nifty Call Option: 5700 and 5800.
• Most Active Nifty Put Options: 5700 and 5600.
• Advance Decline for the day was 658:828.

NIFTY TECHNICAL

Current Spot: 5660.25
Pivot: 5660
5DEMA: 5670
10DEMA: 5676
20DEMA: 5643
50DEMA: 5517
RSI (14 days): 55.36
Parabolic SAR: 5714
Supports: 5635 - 5609 - 5584
Resistance: 5685 - 5710 - 5736

Nifty Future VIX Range: 5619 - 5720
Nifty Future VWAP: 5666.46
MP Values Nifty Future: VAH - 5677, POC - 5666, VAL - 5655

TARGET NIFTY
Buy Nifty Future above 5678 - 5690 - 5715 - 5740 SL - 5665
Sell Nifty Future below 5655 - 5640 - 5625 - 5600 SL - 5667

BANKNIFTY TECHNICAL

Current Spot: 11358.25
Pivot: 11362
5DEMA: 11381
10DEMA: 11376
20DEMA: 11244
50DEMA: 10910
RSI (14 days): 58.71
Parabolic SAR: 11521
Supports: 11299 - 11240 - 11176
Resistance: 11422 - 11485 - 11544

Bank Nifty Future VIX Range: 11242 - 11534
Bank Nifty Future VWAP: 11378.46
MP Values Bank Nifty Future: VAH - 11403, POC - 11383, VAL - 11363

TARGET BANKNIFTY
Buy BankNifty Future above 11405 - 11455 - 11520 - 11600 SL - 11363
Sell BankNifty Future below 11360 - 11310 - 11255 - 11190 SL - 11403

INTRADAY TRADE
Reliance Industries: Buy above 812 for targets of 814, 818, 825 SL 806
Reliance Industries: Sell below 803 for targets of 801, 797, 790 SL 810
Talwalkars: Buy above 196 for targets of 198, 203 SL 193
Lupin: Buy above 573 for targets of 577, 584 SL 566

SCORE SHEET
Jubilant: Buy above 239 for targets of 243, 250 SL 233: Target 241.80 done
ExideInd: Buy above 157 for targets of 159, 162 SL 155: Target 159.70 done

POSITIONAL TRADE
Cairn: Buy above 341 for target of 352 SL 333 (2-3 Days)
Mphasis: Buy above 406 for target of 430 SL 399 (1 Week)

Thanks and Regards

S&P Wealth Creators