Market outlook for 21/11/2012

Nifty closed up 0.15 points (0.00%) at 5571.55 while Nifty Future closed at 5583.85, premium of 12.30 points.
Bank Nifty closed up 11.35 points (0.10%) at 11318.30 while Future closed at 11351.55, premium of 33.25 points.

• FII bought in Cash (Net buy 143.38 Crore)
• FII bought in index future, index option and in stock future (Net buy 797.11 Crore)
• DII sold in Cash (Net sell 11.53 Crore)
• Most Active Nifty Call Option: 5600 and 5700.
• Most Active Nifty Put Options: 5600 and 5500.
• Advance Decline for the day was 430:1066.

NIFTY TECHNICAL

Current Spot: 5571.55
Pivot: 5578
5DEMA: 5601
10DEMA: 5632
20DEMA: 5650
50DEMA: 5617
RSI (14 days): 39.05
Parabolic SAR: 5362
Supports: 5542 - 5513 - 5477
Resistance: 5607 - 5643 - 5673

Nifty Future VIX Range: 5544 - 5623
Nifty Future VWAP: 5587.01
MP Values Nifty Future: VAH - 5592, POC - 5576, VAL - 5560

TARGET NIFTY
Buy Nifty Future above 5593 - 5610 - 5635 - 5665 SL - 5576
Sell Nifty Future below 5575 - 5560 - 5530 - 5500 SL - 5592

BANKNIFTY TECHNICAL

Current Spot: 11318.30
Pivot: 11333
5DEMA: 11383
10DEMA: 11429
20DEMA: 11431
50DEMA: 11236
RSI (14 days): 46.06
Parabolic SAR: 11692
Supports: 11255 - 11193 - 11115
Resistance: 11396 - 11473 - 11536

Bank Nifty Future VIX Range: 11231 - 11472
Bank Nifty Future VWAP: 11353.79
MP Values Bank Nifty Future: VAH - 11380, POC - 11334, VAL - 11301

TARGET BANKNIFTY
Buy BankNifty Future above 11381 - 11425 - 11500 - 11565 SL - 11355
Sell BankNifty Future below 11334 - 11300 - 11240 - 11155 SL - 11380

INTRADAY TRADE
Reliance Industries: Buy above 773 for targets of 775, 780, 790 SL 768
Reliance Industries: Sell below 763 for targets of 760, 755, 745 SL 771
Gitanjali: Buy above 448 for targets of 452, 460 SL 441
Apollohosp: Buy above 860 for targets of 870, 885 SL 849

SCORE SHEET
Amarajabat: Buy above 262 for targets of 265, 270 SL 259: Target 264.90 done
Maruti: Buy above 1500 for targets of 1515, 1535 SL 1480: Target 1509.10 done

POSITIONAL TRADE
Hoteleela: Buy above 31 for target of 33 SL 30.10 (2-3 Days)
Zylog: Buy above 70 for target of 78 SL 68 (1 Week)

Thanks and Regards

S&P Wealth Creators