Market outlook for 20/01/11

Nifty closed down 33.00 points (0.58%) at 5691.05 while Nifty January Future closed at 5689.15 discount of 1.90 points
Bank Nifty closed down 3.35 points (0.03%) at 10615.15 while January Future closed at 10629.25 premium of 14.10 points.

• FII sold in Cash (Net sell 270.38 Crore)
• FII bought in index future, stock future and index option (Net buy 925.36 Crore)
• DII bought in Cash (Net buy 488.53 Crore)
• US market is trading flat to negative.
• Global cues are flat.
• SGX nifty is flat as of now.
• Most Active Nifty January Call Option: 5700 and 5800.
• Most Active Nifty December Put Options: 5700 and 5600.
• Advance Decline for the day was 658:701

NIFTY TECHNICAL

Current Spot: 5691.05
Pivot: 5700
5DEMA: 5717
10DEMA: 5781
20DEMA: 5857
50DEMA: 5934
RSI (15 days): 37.48
Parabolic SAR: 5958
Supports: 5653 - 5615
Resistance: 5738 - 5786

Nifty Future VWAP: 5708.65
Bank Nifty Future VWAP: 10654.83
MP Values Spot (Price Profile): VAH - 5744, POC - 5736, VAL - 5698
MP Values Futures: VAH - 5726, POC - 5708, VAL - 5690
MP Values Bank Nifty Futures: VAH - 10688, POC - 10624, VAL - 10572

TARGET NIFTY
Buy Nifty Future above 5706 - 5739 - 5791 - 5832 SL - 5699
Sell Nifty Future below 5681 - 5652 - 5611 - 5559 SL - 5704
Buy BankNifty Future above 10656 - 10720 - 10817 - 10894 SL - 10634
Sell BankNifty Future below 10613 - 10557 - 10480 - 10384 SL - 10654

INTRADAY TRADE
Reliance Industries: Buy above 992 for targets of 996, 1004, 1014 SL 984
Reliance Industries: Sell below 976 for targets of 973, 967, 959 SL 989
Ruchisoya: Buy above 115 for targets of 116, 118 SL 112
Camlin: Buy above 53.5 for targets of 54, 55 SL 52.8

SCORE SHEET
Polaris: Buy above 179 for targets of 181, 185 SL 176: Target 185.55 achieved
PrajInd: Buy above 84 for targets of 85, 86 SL 82.7: SL Hit

POSITIONAL TRADE
Lichsgfin: Buy above 171 for target of 182 SL 166 (One Week)
TataCoffee: Buy above 680 for target of 765 SL 644 (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