Market outlook for 14/01/11

Nifty closed down 111.35 points (1.90%) at 5751.90 while Nifty January Future closed at 5755.80 premium of 3.90 points
Bank Nifty closed down 411.50 points (3.70%) at 10716.65 while January Future closed at 10728.70 premium of 12.05 points.

• FII sold in Cash (Net sell 249.77 Crore)
• FII bought in index option and stock future but sold in index future (Net buy 553.86 Crore)
• DII bought in Cash (Net buy 242.42 Crore)
• US market is trading negative.
• Global cues are flat to negative.
• 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 455:919

NIFTY TECHNICAL

Current Spot: 5751.90
Pivot: 5782
5DEMA: 5832
10DEMA: 5898
20DEMA: 5943
50DEMA: 5994
RSI (15 days): 37.17
Parabolic SAR: 6100
Supports: 5706 - 5661
Resistance: 5828 - 5903

Nifty Future VWAP: 5796.77
Bank Nifty Future VWAP: 10889.59
MP Values Spot (Price Profile): VAH - 5856, POC - 5824, VAL - 5768
MP Values Futures: VAH - 5826, POC - 5772, VAL - 5738
MP Values Bank Nifty Futures: VAH - 11140, POC - 11028, VAL - 10796

TARGET NIFTY
Buy Nifty Future above 5791 - 5834 - 5894 - 5956 SL - 5784
Sell Nifty Future below 5747 - 5708 - 5657 - 5575 SL - 5790
Buy BankNifty Future above 10859 - 11017 - 11311 - 11482 SL - 10846
Sell BankNifty Future below 10713 - 10563 - 10392 - 10098 SL - 10857

INTRADAY TRADE
Reliance Industries: Buy above 1027 for targets of 1030, 1037, 1047 SL 1019
Reliance Industries: Sell below 1010 for targets of 1007, 1000, 992 SL 1024
Adanient: Buy above 646 for targets of 651, 658 SL 637
Gujfluoro: Buy above 247 for targets of 250, 255 SL 244

SCORE SHEET
Ster: Buy above 184 for targets of 186, 189 SL 180: Target 186.75 achieved
IFCI: Buy above 61 for targets of 61.6, 63 SL 59.2: Call not activated

POSITIONAL TRADE
ExideInd: Buy above 157 for target of 166 SL 149 (One Week)
Nelcast: Buy above 112 for target of 127 SL 109 (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