Market outlook for 27/01/11

Nifty closed down 55.85 points (0.97%) at 5687.40 while Nifty January Future closed at 5684.25 discount of 3.15 points
Bank Nifty closed down 278.20 points (2.49%) at 10872.95 while January Future closed at 10891.10 premium of 18.15 points.

• FII bought in Cash (Net buy 272.99 Crore)
• FII bought in index future, stock future and index option (Net buy 1998.83 Crore)
• DII sold in Cash (Net sell 169.68 Crore)
• US market ended flat.
• 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 474:903

NIFTY TECHNICAL

Current Spot: 5687.40
Pivot: 5723
5DEMA: 5709
10DEMA: 5741
20DEMA: 5809
50DEMA: 5905
RSI (15 days): 38.99
Parabolic SAR: 5843
Supports: 5645 - 5602
Resistance: 5766 - 5844

Nifty Future VWAP: 5737.60
Bank Nifty Future VWAP: 11059.72
MP Values Spot (Price Profile): VAH - 5800, POC - 5766, VAL - 5720
MP Values Futures: VAH - 5794, POC - 5762, VAL - 5710
MP Values Bank Nifty Futures: VAH - 11208, POC - 11102, VAL - 10996

TARGET NIFTY
Buy Nifty Future above 5723 - 5758 - 5835 - 5878 SL - 5716
Sell Nifty Future below 5676 - 5645 - 5603 - 5526 SL - 5722
Buy BankNifty Future above 11013 - 11142 - 11399 - 11541 SL - 10989
Sell BankNifty Future below 10875 - 10754 - 10611 - 10455 SL - 11010

INTRADAY TRADE
Reliance Industries: Buy above 971 for targets of 974, 980, 988 SL 964
Reliance Industries: Sell below 961 for targets of 958, 953, 945 SL 969
HindPetro: Buy above 381 for targets of 384, 388 SL 378
Sail: Buy above 164 for targets of 165.5, 168 SL 162

SCORE SHEET
HDIL: Buy above 164.8 for targets of 166, 168 SL 162.5: Target 166.45 achieved
Coreprotec: Buy above 318 for targets of 320, 326 SL 314: Target 323.75 achieved

POSITIONAL TRADE
Anantraj: Buy above 104 for target of 101 SL 110 (One Week)
Zeel: Buy above 124 for target of 132 SL 122 (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