Market outlook for 19/10/2012

Nifty closed up 58.45 points (1.03%) at 5718.70 while Nifty Future closed at 5736.45, premium of 17.75 points.
Bank Nifty closed up 228.10 points (2.01%) at 11586.35 while Future closed at 11624.50, premium of 38.15 points.

• FII sold in Cash (Net sell 68.87 Crore)
• FII bought in index future, index option, stock future (Net buy 88.90 Crore)
• DII sold in Cash (Net sell 184.56 Crore)
• Most Active Nifty Call Option: 5700 and 5800.
• Most Active Nifty Put Options: 5700 and 5600.
• Advance Decline for the day was 990:520.

NIFTY TECHNICAL

Current Spot: 5718.70
Pivot: 5697
5DEMA: 5686
10DEMA: 5684
20DEMA: 5651
50DEMA: 5527
RSI (14 days): 60.33
Parabolic SAR: 4888
Supports: 5672 - 5625 - 5600
Resistance: 5744 - 5769 - 5816

Nifty Future VIX Range: 5685 - 5788
Nifty Future VWAP: 5713.37
MP Values Nifty Future: VAH - 5734, POC - 5716, VAL - 5698

TARGET NIFTY
Buy Nifty Future above 5741 - 5760 - 5785 - 5830 SL - 5715
Sell Nifty Future below 5698 - 5680 - 5645 - 5610 SL - 5717

BANKNIFTY TECHNICAL

Current Spot: 11586.35
Pivot: 11515
5DEMA: 11449
10DEMA: 11414
20DEMA: 11277
50DEMA: 10940
RSI (14 days): 65.08
Parabolic SAR: 10044
Supports: 11436 - 11285 - 11205
Resistance: 11666 - 11745 - 11896

Bank Nifty Future VIX Range: 11469 - 11780
Bank Nifty Future VWAP: 11527.58
MP Values Bank Nifty Future: VAH - 11614, POC - 11529, VAL - 11444

TARGET BANKNIFTY
Buy BankNifty Future above 11633 - 11700 - 11790 - 11900 SL - 11529
Sell BankNifty Future below 11525 - 11470 - 11315 - 11230 SL - 11556

INTRADAY TRADE
Reliance Industries: Buy above 813 for targets of 816, 821, 830 SL 806
Reliance Industries: Sell below 804 for targets of 801, 796, 786 SL 810
Heritgfood: Buy above 360 for targets of 365, 372 SL 346
Amarajabat: Buy above 239 for targets of 242, 248 SL 233

SCORE SHEET
Talwalkars: Buy above 196 for targets of 198, 203 SL 193: Target 198.80 done
Lupin: Buy above 573 for targets of 577, 584 SL 566: Target 577.90 done

POSITIONAL TRADE
Raymond: Buy above 384 for target of 393 SL 379 (2-3 Days)
Gichsgfin: Buy above 116 for target of 124 SL 112 (1 Week)

Thanks and Regards

S&P Wealth Creators