Monday, January 10, 2011

Market outlook for 11/01/11

Nifty closed down 141.75 points (2.40%) at 5762.85 while Nifty January Future closed at 5766.30 premium of 3.45 points
Bank Nifty closed down 352.70 points (3.19%) at 10700.65 while January Future closed at 10706.10 premium of 5.45 points.

  • FII sold in Cash (Net sell 1138.78 Crore)
  • FII bought in index option, stock future but sold in index future (Net buy 2012.65 Crore)
  • DII bought in Cash (Net buy 1018.54 Crore)
  • US market is trading negative.
  • Global cues are flat to negative.
  • SGX nifty is negative as of now.
  • Most Active Nifty January Call Option: 5900 and 6000.
  • Most Active Nifty December Put Options: 5800 and 5700.
  • Advance Decline for the day was 160:1245

NIFTY TECHNICAL
Current Spot: 5762.85
Pivot: 5804
5DEMA: 5938
10DEMA: 5989
20DEMA: 5997
50DEMA: 6012
RSI (7 days): 19.59
Parabolic SAR: 6172
Supports: 5700 - 5637
Resistance: 5866 - 5970
Nifty Future VWAP: 5833.91
Bank Nifty Future VWAP: 10916.41
MP Values Spot (Price Profile): VAH - 5868, POC - 5822, VAL - 5776
MP Values Futures: VAH - 5892, POC - 5836, VAL - 5780
MP Values Bank Nifty Futures: VAH - 11138, POC - 11028, VAL - 10876

TARGET NIFTY
Buy Nifty Future above 5817 - 5876 - 5988 - 6054 SL - 5809
Sell Nifty Future below 5758 - 5703 - 5637 - 5524 SL - 5815
Buy BankNifty Future above 10845 - 10915 - 11003 - 11135 SL - 10831
Sell BankNifty Future below 10690 - 10610 - 10515 - 10368 SL - 10842

INTRADAY TRADE
Reliance Industries: Buy above 1047 for targets of 1052, 1060, 1078 SL 1039
Reliance Industries: Sell below 1028 for targets of 1024, 1016, 1002 SL 1044
Bhartiartl: Buy above 341 for targets of 343, 347 SL 339
Hindalco: Buy above 228 for targets of 230, 235 SL 225

SCORE SHEET
Apollo Hospitals: Buy above 461 for targets of 467, 474 SL 454: Target 506.45 achieved
IOC: Buy above 344 for targets of 348, 353 SL 338: SL Triggered

POSITIONAL TRADE
KsOils: Buy above 43 for target of 48 SL 42 (One Week)
Balpharma: Buy above 40.5 for target of 45 SL 1035 (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

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