Market outlook for 12/07/11

Nifty closed down 44.55 points (0.79%) at 5616.10 while Nifty Future closed at 5617.05, premium of 0.95 points.
Bank Nifty closed down 149.65 points (1.33%) at 11135.50 while Future closed at 11140.20, premium of 4.70 points.

• FII bought in Cash (Net buy 432.95 Crore)
• FII sold in index future, stock future but bought in stock option (Net sell 283.40 Crore)
• DII bought in Cash (Net buy 73.64 Crore)
• US futures are trading in RED.
• Global cues are Negative.
• SGX nifty is in red as of now.
• Most Active Nifty Call Option: 5700 and 5800.
• Most Active Nifty Put Options: 5600 and 5500.
• Advance Decline for the day was 529:859.

NIFTY TECHNICAL

Current Spot: 5616.10
Pivot: 5624
5DEMA: 5643
10DEMA: 5613
20DEMA: 5564
50DEMA: 5558
RSI (15 days): 55.29
Parabolic SAR: 5550
Supports: 5594 - 5572 - 5543
Resistance: 5645 - 5675 - 5697
VIX Range: 5558 - 5674

Nifty Future VWAP: 5631.96
MP Values Futures: VAH - 5652, POC - 5637, VAL - 5622

TARGET NIFTY
Buy Nifty Future above 5631 - 5646 - 5678 - 5700 SL - 5619
Sell Nifty Future below 5609 - 5598 - 5576 - 5544 SL - 5630

BANKNIFTY TECHNICAL

Current Spot: 11135.50
Pivot: 11172
5DEMA: 11254
10DEMA: 11198
20DEMA: 11069
50DEMA: 11025
RSI (15 days): 53.98
Parabolic SAR: 11107
Supports:11070 - 11004 - 10902
Resistance: 11238 - 11341 - 11406
VIX Range: 11004 - 11267

Bank Nifty Future VWAP: 11185.27
MP Values Bank Nifty Futures: VAH - 11226, POC - 11150, VAL - 11122

TARGET BANKNIFTY
Buy BankNifty Future above 11194 - 11244 - 11354 - 11418 SL - 11169
Sell BankNifty Future below 11123 - 11081 - 11017 - 10907 SL - 11191

INTRADAY TRADE
Reliance Industries: Buy above 858 for targets of 860, 864, 870 SL 851
Reliance Industries: Sell below 849 for targets of 847, 844, 836 SL 856
Timken: Buy above 238 for targets of 241, 247 SL 232
Cesc: Buy above 336 for targets of 338, 343 SL 331

SCORE SHEET
Jublfood: Buy above 857 for targets of 863, 878 SL 850: Target 870.25 achieved
Marico: Buy above 166 for targets of 168, 171 SL 164.5: Target 167.95 achieved

POSITIONAL TRADE
Rushil: Buy above 146 for target of 168 SL 134 (One Week)
Nesco: Buy above 705 for target of 747 SL 689 (2-3 Days)

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