Market outlook for 27/12/10

Nifty closed up 31.60 points (0.53%) at 6011.60 while Nifty December Future closed at 6037.20 premium of 25.60 points
Bank Nifty closed up 8.00 points (0.07%) at 11477.05 while December Future closed at 11533.85 premium of 56.80 points.

• FII bought in Cash (Net buy 14.82 Crore)
• FII bought in index future, index option but sold in stock future (Net buy 1235.88 Crore)
• DII sold in Cash (Net sell 296.56 Crore)
• US market was closed.
• Global cues are flat.
• SGX nifty is flat as of now.
• Most Active Nifty December Call Option: 6000 and 6100.
• Most Active Nifty December Put Options: 6000 and 5900.
• Advance Decline for the day was 774:588

NIFTY TECHNICAL

Current Spot: 6011.60
Pivot: 5990
5DEMA: 5983
10DEMA: 5962
20DEMA: 5957
50DEMA: 5993
RSI (7 days): 61.76
Parabolic SAR: 5760
Supports: 5962 - 5913
Resistance: 6039 - 6067

Nifty Future VWAP: 6010.06
Bank Nifty Future VWAP: 11496.88
MP Values Spot (Price Profile): VAH - 6000, POC - 5968, VAL - 5942
MP Values Futures: VAH - 6040, POC - 6022, VAL - 5996
MP Values Bank Nifty Futures: VAH - 11564, POC - 11516, VAL - 11460

TARGET NIFTY
Buy Nifty Future above 6042 - 6061 - 6088 - 6137 SL - 6012
Sell Nifty Future below 6006 - 5991 - 5942 - 5916 SL - 6018
Buy BankNifty Future above 11543 - 11589 - 11651 - 11742 SL - 11498
Sell BankNifty Future below 11486 - 11448 - 11356 - 11295 SL - 11509

INTRADAY TRADE
Reliance Industries: Buy above 1062 for targets of 1064, 1068, 1075 SL 1057
Reliance Industries: Sell below 1054 for targets of 1052, 1048, 1042 SL 1060
Relmedia: Buy above 229 for targets of 232, 236 SL 223
BajajHind: Buy above 118.5 for targets of 120, 123 SL 115.8

SCORE SHEET
Polaris: Buy above 180 for targets of 183, 186 SL 178: Target 183.00 achieved
SunPharma: Buy above 455 for targets of 459, 466 SL 446: Target 476.00 achieved
POSITIONAL TRADE
Bindalagro: Buy above 38 for target of 43 SL 35.7 (One Week)
Hanung: Buy above 229 for target of 242 SL 219 (2-3 Days)

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