Market outlook for 07/12/11

Nifty closed down 11.00 points (0.22%) at 5039.15 while Nifty Future closed at 5065.60, premium of 26.45 points.
Bank Nifty closed up 1.00 points (0.01%) at 9173.75 while Future closed at 9207.45, premium of 33.70 points.

• FII bought in Cash (Net buy 146.73 Crore)
• FII sold in index future, index option and in stock future (Net sell 735.45 Crore)
• DII bought in Cash (Net buy 37.67 Crore)
• US futures closed positive.
• Global cues are flat.
• SGX nifty is negative as of now.
• Most Active Nifty Call Option: 5100 and 5200.
• Most Active Nifty Put Options: 5000 and 4900.
• Advance Decline for the day was 681:723.

NIFTY TECHNICAL

Current Spot: 5039.15
Pivot: 5032
5DEMA: 4959
10DEMA: 4925
20DEMA: 4953
50DEMA: 5007
RSI (14 days): 53.98
Parabolic SAR: 4691
Supports: 5009 - 4980 - 4956
Resistance: 5062 -5085 - 5115
CAM Support: 5034 - 5029 - 5025 - 5010
CAM Resistance: 5044 - 5049 - 5054 - 5068
NF VIX Range: 4983 - 5148

Nifty Future VWAP: 5055.05
MP Values Nifty Future: VAH - 5068, POC - 5053, VAL - 5038

TARGET NIFTY
Buy Nifty Future above 5069 - 5090 - 5115 - 5155 SL - 5054
Sell Nifty Future below 5049 - 5030 - 5000 - 4970 SL - 5061

BANKNIFTY TECHNICAL

Current Spot: 9173.75
Pivot: 9154
5DEMA: 8965
10DEMA: 8888
20DEMA: 8982
50DEMA: 9229
RSI (14 days): 52.99
Parabolic SAR: 8360
Supports: 9093 - 9013 - 8952
Resistance: 9235 - 9296 - 9376
CAM Support: 9161 - 9148 - 9135 - 9096
CAM Resistance: 9187 - 9200 - 9213 - 9252
Bank Nifty VIX Range: 9011 - 9404

Bank Nifty Future VWAP: 9164.99
MP Values Bank Nifty Future: VAH - 9223, POC - 9177, VAL - 9131

TARGET BANKNIFTY
Buy BankNifty Future above 9215 - 9270 - 9335 - 9420 SL - 9177
Sell BankNifty Future below 9168 - 9120 - 9030 - 8970 SL - 9189

INTRADAY TRADE
Reliance Industries: Buy above 809 for targets of 812, 817, 825 SL 804
Reliance Industries: Sell below 802 for targets of 799, 794, 786 SL 808
IRB: Buy above 157 for targets of 158.50, 160 SL 154.5
Jublifood: Buy above 859 for targets of 864, 875 SL 846

SCORE SHEET
Ster: Buy above 110 for targets of 111.50, 114 SL 107.5: Call not activated
AmbujaCem: Buy above 162 for targets of 164, 168 SL 157: High made 163

POSITIONAL TRADE
Crompgreav: Buy above 138 for target of 142 SL 135 (2-3 Days)
Hinddorrol: Buy above 29.5 for target of 32.5 SL 27.7 (1 Week)

Thanks and Regards

S&P Wealth Creators