Market outlook for 09/12/11

Nifty closed down 118.95 points (2.35%) at 4943.65 while Nifty Future closed at 4956.60, premium of 12.95 points.
Bank Nifty closed down 260.55 points (2.84%) at 8915.70 while Future closed at 8929.90, premium of 14.20 points.

• FII bought in Cash (Net buy 25.72 Crore)
• FII sold in index future, stock future but bought in index option (Net sell 1291.88 Crore)
• DII sold in Cash (Net sell 197.51 Crore)
• US futures are trading negative.
• Global cues are flat to negative.
• 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 315:1137.

NIFTY TECHNICAL

Current Spot: 4943.65
Pivot: 4971
5DEMA: 4977
10DEMA: 4949
20DEMA: 4962
50DEMA: 5014
RSI (14 days): 47.77
Parabolic SAR: 4746
Supports: 4894 - 4844 - 4766
Resistance: 5021 -5099 - 5149
CAM Support: 4932 - 4920 - 4909 - 4873
CAM Resistance: 4955 - 4967 - 4979 - 5014
NF VIX Range: 4874 - 5039

Nifty Future VWAP: 4991.14
MP Values Nifty Future: VAH - 5003, POC - 4976, VAL - 4949

TARGET NIFTY
Buy Nifty Future above 4993 - 5035 - 5115 - 5170 SL - 4977
Sell Nifty Future below 4949 - 4910 - 4860 - 4785 SL - 4992

BANKNIFTY TECHNICAL

Current Spot: 8915.70
Pivot: 8980
5DEMA: 8996
10DEMA: 8936
20DEMA: 8993
50DEMA: 9237
RSI (14 days): 46.01
Parabolic SAR: 8517
Supports: 8807 - 8698 - 8525
Resistance: 9089 - 9262 - 9371
CAM Support: 8890 - 8864 - 8838 - 8761
CAM Resistance: 8942 - 8967 - 8993 - 9071
Bank Nifty VIX Range: 8739 - 9121

Bank Nifty Future VWAP: 9003.72
MP Values Bank Nifty Future: VAH - 9074, POC - 8997, VAL - 8920

TARGET BANKNIFTY
Buy BankNifty Future above 9006 - 9110 - 9295 - 9400 SL - 8975
Sell BankNifty Future below 8917 - 8820 - 8710 - 8520 SL - 9004

INTRADAY TRADE
Reliance Industries: Buy above 790 for targets of 794, 800, 811 SL 784
Reliance Industries: Sell below 776 for targets of 772, 766, 755 SL 788
UBL: Buy above 485 for targets of 495, 511 SL 467
Wipro: Buy above 415 for targets of 418, 424 SL 408

SCORE SHEET
Raymond: Buy above 413 for targets of 417, 426 SL 402: Target 417.70 achieved
Wipro: Buy above 406 for targets of 409, 416 SL 398: Target 415.25 achieved

POSITIONAL TRADE
Sunpharma: Buy above 522 for target of 536 SL 514 (2-3 Days)
Kalindee: Buy above 115 for target of 130 SL 111 (1 Week)

Thanks and Regards

S&P Wealth Creators