Tuesday, January 11, 2011

Market outlook for 12/01/11

Nifty closed down 8.75 points (0.15%) at 5754.10 while Nifty January Future closed at 5770.30 premium of 16.20 points
Bank Nifty closed up 132.90 points (1.24%) at 10833.55 while January Future closed at 10846.80 premium of 13.25 points.

  • FII sold in Cash (Net sell 1162.57 Crore)
  • FII bought in index future, index option and stock future (Net buy 1056.44 Crore)
  • DII bought in Cash (Net buy 1064.18 Crore)
  • US market is trading positive.
  • Global cues are flat to positive.
  • SGX nifty is flat as of now.
  • Most Active Nifty January Call Option: 5800 and 5900.
  • Most Active Nifty December Put Options: 5800 and 5700.
  • Advance Decline for the day was 439:936

NIFTY TECHNICAL
Current Spot: 5754.10
Pivot: 5765
5DEMA: 5877
10DEMA: 5946
20DEMA: 5974
50DEMA: 6002
RSI (7 days): 19.15
Parabolic SAR: 6153
Supports: 5687 - 5621
Resistance: 5832 - 5909
Nifty Future VWAP: 5788.28
Bank Nifty Future VWAP: 10835.62
MP Values Spot (Price Profile): VAH - 5824, POC - 5796, VAL - 5768
MP Values Futures: VAH - 5840, POC - 5804, VAL - 5756
MP Values Bank Nifty Futures: VAH - 10920, POC - 10836, VAL - 10752

TARGET NIFTY
Buy Nifty Future above 5775 - 5839 - 5910 - 5980 SL - 5765
Sell Nifty Future below 5762 - 5703 - 5634 - 5561 SL - 5774
Buy BankNifty Future above 10855 - 11002 - 11163 - 11351 SL - 10814
Sell BankNifty Future below 10803 - 10664 - 10476 - 10315 SL - 10829

INTRADAY TRADE
Reliance Industries: Buy above 1025 for targets of 1030, 1039, 1058 SL 1018
Reliance Industries: Sell below 1009 for targets of 1004, 995, 983 SL 1023
PrajInd: Buy above 80.3 for targets of 81, 83 SL 79
IndusIndBk: Buy above 233.5 for targets of 236, 239 SL 230

SCORE SHEET
Bhartiartl: Buy above 341 for targets of 343, 347 SL 339: Target 346.90 achieved
Hindalco: Buy above 228 for targets of 230, 235 SL 225: Target 234.00 achieved

POSITIONAL TRADE
SesaGoa: Buy above 334 for target of 349 SL 329 (One Week)
YesBank: Buy above 274 for target of 287 SL 268 (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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