Market outlook for 13/12/11

Nifty closed down 102.10 points (2.10%) at 4764.60 while Nifty Future closed at 4773.70, premium of 9.10 points.
Bank Nifty closed down 267.70 points (3.04%) at 8543.40 while Future closed at 8567.00, premium of 23.60 points.

• FII sold in Cash (Net sell 428.30 Crore)
• FII sold in index future, index option but bought in stock future (Net sell 1580.05 Crore)
• DII bought in Cash (Net buy 166.29 Crore)
• US futures are trading negative.
• Global cues are flat to negative.
• SGX nifty is negative 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 295:1154.

NIFTY TECHNICAL

Current Spot: 4764.60
Pivot: 4810
5DEMA: 4882
10DEMA: 4903
20DEMA: 4934
50DEMA: 4981
RSI (14 days): 39.35
Parabolic SAR: 5099
Supports: 4710 - 4655 - 4555
Resistance: 4865 -4965 - 5019
CAM Support: 4750 - 4736 - 4722 - 4680
CAM Resistance: 4779 - 4793 - 4807 - 4850
NF VIX Range: 4693 - 4855

Nifty Future VWAP: 4823.11
MP Values Nifty Future: VAH - 4853, POC - 4811, VAL - 4769

TARGET NIFTY
Buy Nifty Future above 4820 - 4860 - 4950 - 5015 SL - 4798
Sell Nifty Future below 4867 - 4721 - 4666 - 4568 SL - 4819

BANKNIFTY TECHNICAL

Current Spot: 8543.40
Pivot: 8656
5DEMA: 8804
10DEMA: 8846
20DEMA: 8933
50DEMA: 9149
RSI (14 days): 38.41
Parabolic SAR: 9273
Supports: 8392 - 8240 - 7976
Resistance: 8808 - 9072 - 9223
CAM Support: 8505 - 8467 - 8429 - 8315
CAM Resistance: 8582 - 8620 - 8658 - 8772
Bank Nifty VIX Range: 8382 - 8752

Bank Nifty Future VWAP: 8716.93
MP Values Bank Nifty Future: VAH - 8797, POC - 8690, VAL - 8583

TARGET BANKNIFTY
Buy BankNifty Future above 8677 - 8838 - 9110 - 9260 SL - 8657
Sell BankNifty Future below 8554 - 8400 - 8240 - 7970 SL - 8675

INTRADAY TRADE
Reliance Industries: Buy above 741 for targets of 745, 751, 763 SL 736
Reliance Industries: Sell below 728 for targets of 724, 718, 708 SL 740
Wipro: Buy above 417 for targets of 421, 428 SL 411
Onelifecap: Buy above 217 for targets of 222, 228 SL 212

SCORE SHEET
Relcapital: Buy above 296 for targets of 300, 306 SL 292: Target 299.30 achieved
Brfl: Buy above 247 for targets of 250, 256 SL 238: Call not activated

POSITIONAL TRADE
Pgel: Buy above 215 for target of 238 SL 210 (2-3 Days)
Welcorp: Buy above 70 for target of 75 SL 69 (1 Week)

Thanks and Regards

S&P Wealth Creators