Market outlook for 01/12/10

Nifty closed up 32.70 points (0.56%) at 5862.70 while Nifty December Future closed at 5886.90 premium of 24.20 points
Bank Nifty closed up 124.25 points (1.05%) at 11952.60 while December Future closed at 12008.95 premium of 56.35 points.

• FII bought in Cash (Net buy 889.46)
• FII bought in index future, index option and stock future (Net buy 1444.75 Crore)
• DII sold in Cash (Net sell 435.03 Crore)
• US market is trading in Red.
• Global cues are flat to negative.
• SGX nifty is negative as of now.
• Most Active Nifty December Call Option: 5900 and 6000.
• Most Active Nifty December Put Options: 5800 and 5700.
• Advance Decline for the day was 1041:345

NIFTY TECHNICAL

Current Spot: 5862.70
Pivot: 5841
5DEMA: 5849
10DEMA: 5903
20DEMA: 5975
50DEMA: 5969
RSI (7 days): 41.2
Parabolic SAR: 5936
Supports: 5790 - 5717
Resistance: 5914 - 5965

Nifty Future VWAP: 5847.89
Bank Nifty Future VWAP: 11939.17
MP Values Spot (Price Profile): VAH - 5860, POC - 5794, VAL - 5770
MP Values Futures: VAH - 5904, POC - 5890, VAL - 5828
MP Values Bank Nifty Futures: VAH - 12040, POC - 12000, VAL - 11880

TARGET NIFTY
Buy Nifty Future above 5891 - 5939 - 5991 - 6070 SL - 5857
Sell Nifty Future below 5851 - 5807 - 5751 - 5689 SL - 5863

INTRADAY TRADE
Reliance Industries: Buy above 997 for targets of 1000, 1010, 1022 SL 989
Reliance Industries: Sell below 981 for targets of 977, 972, 963 SL 994
Coreprotec: Buy above 257 for targets of 263, 270 SL 245
Orbitcorp: Buy above 83 for targets of 86, 90 SL 79

SCORE SHEET
Maninfra: Buy above 238 for targets of 243, 250 SL 231: Target 244.40 achieved
Chambalfert: Buy above 94 for targets of 96, 99 SL 91: Target 96.35 achieved

POSITIONAL TRADE
IBRealest: Buy above 155 for target of 169 SL 150 (One Week)
Jupiter: Buy above 68 for target of 75 SL 64 (One week)

Use strict STOP LOSS in each and every trade in this kind of volatile market and Trade at your own risk.

Thanks and Regards

S&P Wealth Creators