Market outlook for 25/01/11

Nifty closed up 46.75 points (0.82%) at 5743.25 while Nifty January Future closed at 5740.45 discount of 2.80 points
Bank Nifty closed up 261.75 points (2.40%) at 11151.15 while January Future closed at 11154.55 premium of 3.40 points.

• FII bought in Cash (Net buy 63.95 Crore)
• FII bought in stock future, index option but sold in index future (Net buy 431.05 Crore)
• DII bought in Cash (Net buy 236.51 Crore)
• US market is trading positive.
• 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 794:557

NIFTY TECHNICAL

Current Spot: 5743.25
Pivot: 5732
5DEMA: 5720
10DEMA: 5753
20DEMA: 5821
50DEMA: 5915
RSI (15 days): 41.95
Parabolic SAR: 5868
Supports: 5709 - 5674
Resistance: 5767 - 5791

Nifty Future VWAP: 5729.83
Bank Nifty Future VWAP: 11089.06
MP Values Spot (Price Profile): VAH - 5754, POC - 5740, VAL - 5724
MP Values Futures: VAH - 5756, POC - 5740, VAL - 5724
MP Values Bank Nifty Futures: VAH - 11174, POC - 11104, VAL - 11034

TARGET NIFTY
Buy Nifty Future above 5745 - 5765 - 5792 - 5830 SL - 5729
Sell Nifty Future below 5723 - 5707 - 5670 - 5642 SL - 5735
Buy BankNifty Future above 11163 - 11250 - 11351 - 11523 SL - 11078
Sell BankNifty Future below 11067 - 10988 - 10817 - 10715 SL - 11089

INTRADAY TRADE
Reliance Industries: Buy above 982 for targets of 984, 988, 996 SL 975
Reliance Industries: Sell below 967 for targets of 965, 961, 955 SL 980
HDIL: Buy above 164.8 for targets of 166, 168 SL 162.5
Coreprotec: Buy above 318 for targets of 320, 326 SL 314

SCORE SHEET
Hanung: Buy above 231 for targets of 234, 238 SL 226: Target 242.90 achieved
DishTV: Buy above 61.5 for targets of 62, 63 SL 60.4: Target 62.90 achieved

POSITIONAL TRADE
Orbitcorp: Buy above 71 for target of 76 SL 68 (One Week)
Ashokley: Buy above 61 for target of 68 SL 58 (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