Market outlook for 01/12/11

Nifty closed up 26.95 points (0.56%) at 4832.05 while Nifty Future closed at 4832.35, premium of 0.30 points.
Bank Nifty closed down 59.80 points (0.69%) at 8564.10 while Future closed at 8561.35, discount of 2.75 points.

• FII bought in Cash (Net buy 34.12 Crore)
• FII bought in index future, stock future but sold in index option (Net buy 788.24 Crore)
• DII sold in Cash (Net sell 193.82 Crore)
• US futures are trading in GREEN.
• Global cues are postive.
• SGX nifty is positive as of now.
• Most Active Nifty Call Option: 4900 and 5000.
• Most Active Nifty Put Options: 4800 and 4700.
• Advance Decline for the day was 529:898.

NIFTY TECHNICAL

Current Spot: 4832.05
Pivot: 4813
5DEMA: 4812
10DEMA: 4850
20DEMA: 4932
50DEMA: 5001
RSI (14 days): 41.68
Parabolic SAR: 4644
Supports: 4774 - 4716 - 4677
Resistance: 4871 -4910 - 4968
CAM Support: 4823 - 4814 - 4805 - 4779
CAM Resistance: 4841 - 4850 - 4859 - 4885
NF VIX Range: 4758 - 4907

Nifty Future VWAP: 4805.70
MP Values Nifty Future: VAH - 4837, POC - 4810, VAL - 4783

TARGET NIFTY
Buy Nifty Future above 4836 - 4875 - 4920 - 4980 SL - 4814
Sell Nifty Future below 4810 - 4775 - 4725 - 4670 SL - 4834

BANKNIFTY TECHNICAL

Current Spot: 8564.10
Pivot: 8586
5DEMA: 8611
10DEMA: 8714
20DEMA: 8944
50DEMA: 9236
RSI (14 days): 35.99
Parabolic SAR: 8253
Supports: 8468 - 8372 - 8255
Resistance: 8682 - 8800 - 8896
CAM Support: 8545 - 8525 - 8505 - 8447
CAM Resistance: 8584 - 8603 - 8623 - 8682
Bank Nifty VIX Range: 8396 - 8727

Bank Nifty Future VWAP: 8580.81
MP Values Bank Nifty Future: VAH - 8639, POC - 8574, VAL - 8509

TARGET BANKNIFTY
Buy BankNifty Future above 8590 - 8690 - 8830 - 8940 SL - 8569
Sell BankNifty Future below 8549 - 8455 - 8340 - 8210 SL - 8588

INTRADAY TRADE
Reliance Industries: Buy above 780 for targets of 784, 790, 802 SL 770
Reliance Industries: Sell below 768 for targets of 764, 758, 746 SL 773
Bhartiartl: Buy above 389 for targets of 393, 399 SL 382
ErosMedia: Buy above 227 for targets of 230, 236 SL 221

SCORE SHEET
Hindunilvr: Buy above 390 for targets of 394, 398 SL 386: Target 401.00 achieved
Havells: Buy above 420 for targets of 425, 432 SL 413: SL Hit

POSITIONAL TRADE
Ajmera: Buy above 122 for target of 131 SL 116 (2-3 Days)
Pradip: Buy above 107 for target of 115 SL 105 (1 Week)

Thanks and Regards

S&P Wealth Creators