Market outlook for 02/12/11

Nifty closed up 104.80 points (2.17%) at 4936.85 while Nifty Future closed at 4963.75, premium of 26.90 points.
Bank Nifty closed up 331.20 points (3.87%) at 8895.30 while Future closed at 8922.95, premium of 27.65 points.

• FII bought in Cash (Net buy 687.26 Crore)
• FII bought in index future, index option and stock future (Net buy 2923.41 Crore)
• DII sold in Cash (Net sell 713.08 Crore)
• US futures are trading flat.
• Global cues are flat.
• SGX nifty is flat as of now.
• Most Active Nifty Call Option: 5000 and 5100.
• Most Active Nifty Put Options: 4900 and 4800.
• Advance Decline for the day was 941:486.

NIFTY TECHNICAL

Current Spot: 4936.85
Pivot: 4955
5DEMA: 4853
10DEMA: 4866
20DEMA: 4933
50DEMA: 5002
RSI (14 days): 48.52
Parabolic SAR: 4651
Supports: 4898 - 4860 - 4803
Resistance: 4994 -5050 - 5089
CAM Support: 4928 - 4919 - 4911 - 4884
CAM Resistance: 4946 - 4954 - 4963 - 4989
NF VIX Range: 4883 - 5045

Nifty Future VWAP: 4980.40
MP Values Nifty Future: VAH - 5015, POC - 4991, VAL - 4964

TARGET NIFTY
Buy Nifty Future above 4975 - 5005 - 5045 - 5085 SL - 4959
Sell Nifty Future below 4956 - 4930 - 4895 - 4850 SL - 4974

BANKNIFTY TECHNICAL

Current Spot: 8895.30
Pivot: 8917
5DEMA: 8706
10DEMA: 8747
20DEMA: 8939
50DEMA: 9227
RSI (14 days): 46.26
Parabolic SAR: 8268
Supports: 8800 - 8705 - 8588
Resistance: 9012 - 9129 - 9225
CAM Support: 8876 - 8856 - 8837 - 8779
CAM Resistance: 8915 - 8934 - 8854 - 9012
Bank Nifty VIX Range: 8733 - 9113

Bank Nifty Future VWAP: 8942.12
MP Values Bank Nifty Future: VAH - 8959, POC - 8899, VAL - 8839

TARGET BANKNIFTY
Buy BankNifty Future above 8931 - 9019 - 9119 - 9220 SL - 8912
Sell BankNifty Future below 8910 - 8830 - 8730 - 8630 SL - 8929

INTRADAY TRADE
Reliance Industries: Buy above 806 for targets of 809, 814, 822 SL 800
Reliance Industries: Sell below 795 for targets of 792, 787, 779 SL 804
Titan: Buy above 187 for targets of 189, 192 SL 184
PFC: Buy above 170 for targets of 172, 175 SL 167

SCORE SHEET
Bhartiartl: Buy above 389 for targets of 393, 399 SL 382: Target 395.65 achieved
ErosMedia: Buy above 227 for targets of 230, 236 SL 221: Target 233.45 achieved

POSITIONAL TRADE
Hindzinc: Buy above 126 for target of 131 SL 124 (2-3 Days)
Uniphos: Buy above 141 for target of 150 SL 139 (1 Week)

Thanks and Regards

S&P Wealth Creators