Market outlook for 30/12/10

Nifty closed up 64.35 points (1.07%) at 6060.35 while Nifty December Future closed at 6068.90 premium of 8.55 points
Bank Nifty closed up 185.60 points (1.62%) at 11612.90 while December Future closed at 11624.95 premium of 12.05 points.

• FII bought in Cash (Net buy 547.58 Crore)
• FII bought in index future, index option but sold in stock future (Net buy 2060.96 Crore)
• DII sold in Cash (Net sell 170.34 Crore)
• US market is trading positive.
• Global cues are flat to positive.
• 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 913:455

NIFTY TECHNICAL

Current Spot: 6060.35
Pivot: 6044
5DEMA: 6014
10DEMA: 5989
20DEMA: 5974
50DEMA: 5993
RSI (7 days): 57.81
Parabolic SAR: 5797
Supports: 6020 - 5979
Resistance: 6084 - 6108

Nifty Future VWAP: 6045.07
Bank Nifty Future VWAP: 11565.16
MP Values Spot (Price Profile): VAH - 6048, POC - 6018, VAL - 6004
MP Values Futures: VAH - 6072, POC - 6052, VAL - 6032
MP Values Bank Nifty Futures: VAH - 11598, POC - 11520, VAL - 11456

TARGET NIFTY
Buy Nifty Future above 6073 - 6088 - 6110 - 6147 SL - 6050
Sell Nifty Future below 6044 - 6034 - 5996 - 5974 SL - 6056
Buy BankNifty Future above 11634 - 11686 - 11753 - 11871 SL - 11568
Sell BankNifty Future below 11556 - 11512 - 11394 - 11327 SL - 11579

INTRADAY TRADE
Reliance Industries: Buy above 1055 for targets of 1056, 1058, 1061 SL 1048
Reliance Industries: Sell below 1043 for targets of 1042, 1040, 1037 SL 1053
Ster: Buy above 186 for targets of 187, 189 SL 183
Aban: Buy above 771 for targets of 776, 784 SL 759

SCORE SHEET
TataElxsi: Buy above 308 for targets of 311, 316 SL 302: Target 316.80 achieved
DCM: Buy above 93 for targets of 95, 97 SL 92: Target 95.75 achieved

POSITIONAL TRADE
SEInvest: Buy above 35.5 for target of 39 SL 34 (One Week)
Aptecht: Buy above 134 for target of 142 SL 130 (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