Market outlook for 23/11/2012

Nifty closed up 12.95 points (0.23%) at 5627.75 while Nifty Future closed at 5640.45, premium of 12.70 points.
Bank Nifty closed up 43.00 points (0.38%) at 11508.35 while Future closed at 11547.00, premium of 38.65 points.

• FII bought in Cash (Net buy 114.76 Crore)
• FII sold in index future, stock future but bought in index option (Net sell 36.32 Crore)
• DII sold in Cash (Net sell 164.00 Crore)
• Most Active Nifty Call Option: 5600 and 5700.
• Most Active Nifty Put Options: 5600 and 5500.
• Advance Decline for the day was 787:703.

NIFTY TECHNICAL

Current Spot: 5627.75
Pivot: 5626
5DEMA: 5613
10DEMA: 5628
20DEMA: 5645
50DEMA: 5617
RSI (14 days): 47.40
Parabolic SAR: 5411
Supports: 5609 - 5591 - 5574
Resistance: 5645 - 5662 - 5680

Nifty Future VIX Range: 5602 - 5679
Nifty Future VWAP: 5636.73
MP Values Nifty Future: VAH - 5648, POC - 5637, VAL - 5626

TARGET NIFTY
Buy Nifty Future above 5648 - 5658 - 5675 - 5700 SL - 5635
Sell Nifty Future below 5626 - 5615 - 5595 - 5575 SL - 5640

BANKNIFTY TECHNICAL

Current Spot: 11508.35
Pivot: 11525
5DEMA: 11443
10DEMA: 11449
20DEMA: 11441
50DEMA: 11256
RSI (14 days): 54.15
Parabolic SAR: 11658
Supports: 11479 - 11449 - 11403
Resistance: 11554 - 11601 - 11630

Bank Nifty Future VIX Range: 11426 - 11668
Bank Nifty Future VWAP: 11554.10
MP Values Bank Nifty Future: VAH - 11575, POC - 11553, VAL - 11531

TARGET BANKNIFTY
Buy BankNifty Future above 11557 - 11590 - 11640 - 11690 SL - 11531
Sell BankNifty Future below 11530 - 11505 - 11460 - 11410 SL - 11554

INTRADAY TRADE
Reliance Industries: Buy above 771 for targets of 773, 777, 783 SL 765
Reliance Industries: Sell below 763 for targets of 761, 757, 751 SL 769
IRB: Buy above 123.5 for targets of 124.7, 125.4 SL 122.5
Star: Buy above 995 for targets of 1010, 1035 SL 974

SCORE SHEET
Unionbank: Buy above 227 for targets of 230, 235 SL 223: Target 233.80 done
JetAirways: Buy above 455 for targets of 460, 470 SL 446: Target 461.40 done

POSITIONAL TRADE
Jppower: Buy above 37 for target of 38.5 SL 36.2 (2-3 Days)
Ptc: Buy above 71 for target of 75 SL 69 (1 Week)

Thanks and Regards

S&P Wealth Creators