Market outlook for 27/11/2012

Nifty closed up 9.30 points (0.17%) at 5635.90 while Nifty Future closed at 5642.75, premium of 6.85 points.
Bank Nifty closed down 43.35 points (0.38%) at 11432.45 while Future closed at 11455.10, premium of 22.65 points.

• FII bought in Cash (Net buy 163.14 Crore)
• FII sold in in index option, stock future but bought index future (Net sell 456.94 Crore)
• DII sold in Cash (Net sell 195.66 Crore)
• Most Active Nifty Call Option: 5600 and 5700.
• Most Active Nifty Put Options: 5700 and 5600.
• Advance Decline for the day was 870:621.

NIFTY TECHNICAL

Current Spot: 5635.90
Pivot: 5636
5DEMA: 5624
10DEMA: 5629
20DEMA: 5643
50DEMA: 5613
RSI (14 days): 48.92
Parabolic SAR: 5453
Supports: 5623 - 5610 - 5597
Resistance: 5649 - 5662 - 5675

Nifty Future VIX Range: 5606 - 5679
Nifty Future VWAP: 5643.22
MP Values Nifty Future: VAH - 5648, POC - 5642, VAL - 5636

TARGET NIFTY
Buy Nifty Future above 5649 - 5660 - 5680 - 5705 SL - 5636
Sell Nifty Future below 5635 - 5623 - 5605 - 5580 SL - 5648

BANKNIFTY TECHNICAL

Current Spot: 11432.45
Pivot: 11459
5DEMA: 11447
10DEMA: 11450
20DEMA: 11443
50DEMA: 11246
RSI (14 days): 50.87
Parabolic SAR: 11626
Supports: 11384 - 11336 - 11261
Resistance: 11507 - 11582 - 11631

Bank Nifty Future VIX Range: 11341 - 11569
Bank Nifty Future VWAP: 11469.51
MP Values Bank Nifty Future: VAH - 11534, POC - 11464, VAL - 11357

TARGET BANKNIFTY
Buy BankNifty Future above 11465 - 11635 - 11810 - 12000 SL - 11357
Sell BankNifty Future below 11355 - 11170 - 11000 - 10780 SL - 11464

INTRADAY TRADE
Reliance Industries: Buy above 776 for targets of 778, 781, 786 SL 770
Reliance Industries: Sell below 769 for targets of 767, 764, 760 SL 774
Vguard: Buy above 520 for targets of 526, 540 SL 511
Erosmedia: Buy above 210 for targets of 213, 220 SL 203

SCORE SHEET
Pantaloonr: Buy above 183.5 for targets of 186, 189 SL 180.5: Target 196.70 done
Dhanbank: Buy above 59 for targets of 60, 62 SL 57.8: Target 63.95 done

POSITIONAL TRADE
Rcom: Buy above 68 for target of 71 SL 66.3 (2-3 Days)
Deltacorp: Buy above 78 for target of 82 SL 76.4 (1 Week)

Thanks and Regards

S&P Wealth Creators