Market outlook for 13/12/10

Nifty closed up 90.85 points (1.58%) at 5857.35 while Nifty December Future closed at 5879.60 premium of 22.25 points
Bank Nifty closed up 330.95 points (2.98%) at 11447.00 while December Future closed at 11500.75 premium of 53.75 points.

• FII sold huge in Cash (Net sell 1239.25 Crore)
• FII sold in index option, stock future but bought in index future (Net sell 288.94 Crore)
• DII bought in Cash (Net buy 747.65 Crore)
• US market ended in positive.
• Global cues are flat to positive.
• SGX nifty is flat 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 1084:311

NIFTY TECHNICAL

Current Spot: 5857.35
Pivot: 5815
5DEMA: 5877
10DEMA: 5904
20DEMA: 5944
50DEMA: 5982
RSI (7 days): 42.61
Parabolic SAR: 6062
Supports: 5764 - 5670
Resistance: 5908 - 5959

Nifty Future VWAP: 5836.39
Bank Nifty Future VWAP: 11349.85
MP Values Spot (Price Profile): VAH - 5864, POC - 5834, VAL - 5802
MP Values Futures: VAH - 5870, POC - 5838, VAL - 5806
MP Values Bank Nifty Futures: VAH - 11482, POC - 11368, VAL - 11254

TARGET NIFTY
Buy Nifty Future above 5884 - 5926 - 5976 - 6040 SL - 5836
Sell Nifty Future below 5830 - 5792 - 5750 - 5701 SL - 5841

INTRADAY TRADE
Reliance Industries: Buy above 1026 for targets of 1030, 1035, 1040 SL 1015
Reliance Industries: Sell below 1006 for targets of 1001, 995, 983 SL 1014
IDBI: Buy above 155 for targets of 157, 161 SL 151
Recltd: Buy above 306 for targets of 310, 316 SL 300

SCORE SHEET
NTPC: Buy above 190.5 for targets of 192, 195 SL 188: Target 194.75 achieved
IBRealest: Buy above 133 for targets of 135, 139 SL 131: Target 136.9 achieved

POSITIONAL TRADE
KSOils: Buy above 37.5 for target of 44 SL 34 (Two Weeks)
IFCI: Buy above 58 for target of 61 SL 56.5 (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