Market outlook for 15/12/10

Nifty closed up 36.45 points (0.62%) at 5944.10 while Nifty December Future closed at 5960.30 premium of 16.20 points
Bank Nifty closed up 42.40 points (0.37%) at 11560.50 while December Future closed at 11624.40 premium of 63.90 points.

• FII bought small in Cash (Net buy 33.53 Crore)
• FII sold in index option, stock future but bought in index future (Net sell 1272.29 Crore)
• DII bought in Cash (Net buy 349.17 Crore)
• US market is trading flat.
• Global cues are flat.
• SGX nifty is flat to negative as of now.
• Most Active Nifty December Call Option: 5900 and 6000.
• Most Active Nifty December Put Options: 5900 and 5800.
• Advance Decline for the day was 1050:339

NIFTY TECHNICAL

Current Spot: 5944.10
Pivot: 5929
5DEMA: 5906
10DEMA: 5906
20DEMA: 5941
50DEMA: 5980
RSI (7 days): 53.40
Parabolic SAR: 6036
Supports: 5904 - 5864
Resistance: 5969 - 5994

Nifty Future VWAP: 5941.92
Bank Nifty Future VWAP: 11581.01
MP Values Spot (Price Profile): VAH - 5940, POC – 5924, VAL - 5908
MP Values Futures: VAH - 5954, POC - 5938, VAL - 5922
MP Values Bank Nifty Futures: VAH - 11620, POC - 11572, VAL - 11524

TARGET NIFTY
Buy Nifty Future above 5968 - 5984 - 6003 - 6023 SL - 5948
Sell Nifty Future below 5948 - 5932 - 5913 - 5893 SL - 5967

INTRADAY TRADE
Reliance Industries: Buy above 1056 for targets of 1063, 1071, 1080 SL 1048
Reliance Industries: Sell below 1048 for targets of 1041, 1033, 1024 SL 1056
Vipind: Buy above 610 for targets of 618, 630 SL 599
Gitanjali: Buy above 204 for targets of 207, 212 SL 198

SCORE SHEET
Sintex: Buy above 194 for targets of 197, 201 SL 191: Target 198.50 achieved
HDIL: Buy above 191 for targets of 193, 197 SL 187.5: Target 197.35 achieved

POSITIONAL TRADE
Adhunik: Buy above 108.5 for target of 112 SL 106 (One Week)
HCC: Buy above 46.5 for target of 48.5 SL 45.6 (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