Market outlook for 12/12/11

Nifty closed down 76.95 points (1.56%) at 4866.70 while Nifty Future closed at 4885.90, premium of 19.20 points.
Bank Nifty closed down 104.60 points (1.17%) at 8811.10 while Future closed at 8843.25, premium of 32.15 points.

• FII sold in Cash (Net sell 248.57 Crore)
• FII sold in index future, index option but bought in stock future (Net sell 2476.15 Crore)
• DII bought in Cash (Net buy 115.21 Crore)
• US futures is closed positive.
• Global cues are flat to positive.
• SGX nifty is positive as of now.
• Most Active Nifty Call Option: 5000 and 5100.
• Most Active Nifty Put Options: 4800 and 4700.
• Advance Decline for the day was 423:1017.

NIFTY TECHNICAL

Current Spot: 4866.70
Pivot: 4876
5DEMA: 4940
10DEMA: 4934
20DEMA: 4952
50DEMA: 4990
RSI (14 days): 44.09
Parabolic SAR: 4775
Supports: 4833 - 4799 - 4756
Resistance: 4909 -4952 - 4986
CAM Support: 4860 - 4853 - 4846 - 4825
CAM Resistance: 4874 - 4881 - 4888 - 4909
NF VIX Range: 4805 - 4967

Nifty Future VWAP: 4889.13
MP Values Nifty Future: VAH - 4911, POC - 4888, VAL - 4865

TARGET NIFTY
Buy Nifty Future above 4897 - 4930 - 4980 - 5025 SL - 4880
Sell Nifty Future below 4879 - 4850 - 4810 - 4765 SL - 4895

BANKNIFTY TECHNICAL

Current Spot: 8811.10
Pivot: 8811
5DEMA: 8934
10DEMA: 8913
20DEMA: 8974
50DEMA: 9174
RSI (14 days): 44.00
Parabolic SAR: 8684
Supports: 8690 - 8569 - 8448
Resistance: 8932 - 9053 - 9174
CAM Support: 8789 - 8767 - 8745 - 8678
CAM Resistance: 8833 - 8855 - 8878 - 8944
Bank Nifty VIX Range: 8659 - 9027

Bank Nifty Future VWAP: 8833.21
MP Values Bank Nifty Future: VAH - 8903, POC - 8831, VAL - 8759

TARGET BANKNIFTY
Buy BankNifty Future above 8850 - 8970 - 9100 - 9230 SL - 8826
Sell BankNifty Future below 8824 - 8720 - 8580 - 8450 SL - 8846

INTRADAY TRADE
Reliance Industries: Buy above 763 for targets of 765, 770, 780 SL 758
Reliance Industries: Sell below 752 for targets of 750, 745, 735 SL 761
Relcapital: Buy above 296 for targets of 300, 306 SL 292
Brfl: Buy above 247 for targets of 250, 256 SL 238

SCORE SHEET
UBL: Buy above 485 for targets of 495, 511 SL 467: Target 498.00 achieved
Wipro: Buy above 415 for targets of 418, 424 SL 408: Call not activated

POSITIONAL TRADE
Advanta: Buy above 335 for target of 369 SL 319 (2-3 Days)
Anantraj: Buy above 49 for target of 53 SL 47.5 (1 Week)

Thanks and Regards

S&P Wealth Creators