Market outlook for 30/10/2012

Nifty closed up 1.30 points (0.02%) at 5665.60 while Nifty Future closed at 5702.10, premium of 36.50 points.
Bank Nifty closed down 37.00 points (0.32%) at 11472.15 while Future closed at 11563.35, premium of 91.20 points.

• FII sold in Cash (Net sell 76.57 Crore)
• FII bought in index option but sold in index future, stock future (Net buy 970.18 Crore)
• DII sold in Cash (Net sell 9.75 Crore)
• Most Active Nifty Call Option: 5700 and 5800.
• Most Active Nifty Put Options: 5700 and 5600.
• Advance Decline for the day was 562:939.

NIFTY TECHNICAL

Current Spot: 5665.60
Pivot: 5670
5DEMA: 5680
10DEMA: 5684
20DEMA: 5667
50DEMA: 5562
RSI (14 days): 52.94
Parabolic SAR: 4983
Supports: 5641 - 5616 - 5588
Resistance: 5694 - 5723 - 5747

Nifty Future VIX Range: 5657 - 5747
Nifty Future VWAP: 5705.29
MP Values Nifty Future: VAH - 5719, POC - 5705, VAL - 5691

TARGET NIFTY
Buy Nifty Future above 5708 - 5725 - 5750 - 5775 SL - 5699
Sell Nifty Future below 5691 - 5680 - 5655 - 5630 SL - 5706

BANKNIFTY TECHNICAL

Current Spot: 11472.15
Pivot: 11497
5DEMA: 11520
10DEMA: 11500
20DEMA: 11396
50DEMA: 11059
RSI (14 days): 57.10
Parabolic SAR: 10544
Supports: 11407 - 11343 - 11254
Resistance: 11561 - 11650 - 11715

Bank Nifty Future VIX Range: 11429 - 11697
Bank Nifty Future VWAP: 11579.25
MP Values Bank Nifty Future: VAH - 11608, POC - 11565, VAL - 11522

TARGET BANKNIFTY
Buy BankNifty Future above 11590 - 11640 - 11715 - 11780 SL - 11565
Sell BankNifty Future below 11549 - 11505 - 11440 - 11365 SL - 11585

INTRADAY TRADE
Reliance Industries: Buy above 813 for targets of 815, 819, 826 SL 807
Reliance Industries: Sell below 806 for targets of 804, 800, 794 SL 811
Recltd: Buy above 214 for targets of 216, 219 SL 211
Greenply: Buy above 295 for targets of 298, 305 SL 290

SCORE SHEET
Talwalkars: Buy above 220 for targets of 223, 228 SL 216: Call not Active
Ambujacem: Buy above 210 for targets of 212, 214 SL 207: Target 211.35 done

POSITIONAL TRADE
Vguard: Buy above 442 for target of 455 SL 433 (2-3 Days)
JswEnergy: Buy above 62 for target of 65 SL 60.7 (1 Week)

Thanks and Regards

S&P Wealth Creators