Market outlook for 14/12/11

Nifty closed up 36.00 points (0.76%) at 4800.60 while Nifty Future closed at 4811.35, premium of 10.75 points.
Bank Nifty closed up 28.55 points (0.33%) at 8571.95 while Future closed at 8553.90, discount of 18.05 points.

• FII sold in Cash (Net sell 560.80 Crore)
• FII sold in index future but bought in stock future, index option (Net sell 448.67 Crore)
• DII bought in Cash (Net buy 481.93 Crore)
• US futures are trading flat.
• Global cues are flat to negative.
• SGX nifty is flat as of now.
• Most Active Nifty Call Option: 4800 and 4900.
• Most Active Nifty Put Options: 4800 and 4700.
• Advance Decline for the day was 526:901.

NIFTY TECHNICAL

Current Spot: 4800.60
Pivot: 4785
5DEMA: 4855
10DEMA: 4884
20DEMA: 4922
50DEMA: 4974
RSI (14 days): 41.76
Parabolic SAR: 5092
Supports: 4745 - 4688 - 4648
Resistance: 4841 -4881 - 4937
CAM Support: 4792 - 4783 - 4774 - 4748
CAM Resistance: 4809 - 4818 - 4827 - 4854
NF VIX Range: 4732 - 4891

Nifty Future VWAP: 4780.50
MP Values Nifty Future: VAH - 4795, POC - 4775, VAL - 4755

TARGET NIFTY
Buy Nifty Future above 4815 - 4855 - 4900 - 4960 SL - 4792
Sell Nifty Future below 4787 - 4751 - 4690 - 4645 SL - 4806

BANKNIFTY TECHNICAL

Current Spot: 8571.95
Pivot: 8536
5DEMA: 8727
10DEMA: 8796
20DEMA: 8899
50DEMA: 9121
RSI (14 days): 39.36
Parabolic SAR: 9256
Supports: 8429 - 8287 - 8180
Resistance: 8678 - 8785 - 8927
CAM Support: 8549 - 8526 - 8503 - 8435
CAM Resistance: 8595 - 8618 - 8640 - 8709
Bank Nifty VIX Range: 8374 - 8733

Bank Nifty Future VWAP: 8498.84
MP Values Bank Nifty Future: VAH - 8561, POC - 8508, VAL - 8455

TARGET BANKNIFTY
Buy BankNifty Future above 8560 - 8670 - 8790 - 8940 SL - 8519
Sell BankNifty Future below 8510 - 8415 - 8265 - 8140 SL - 8547

INTRADAY TRADE
Reliance Industries: Buy above 744 for targets of 748, 754, 766 SL 735
Reliance Industries: Sell below 733 for targets of 729, 723, 711 SL 739
BataIndia: Buy above 596 for targets of 606, 620 SL 579
TataSteel: Buy above 395 for targets of 400, 408 SL 386

SCORE SHEET
Wipro: Buy above 417 for targets of 421, 428 SL 411: Target 420.90 achieved
Onelifecap: Buy above 217 for targets of 222, 228 SL 212: Target 225.00 achieved

POSITIONAL TRADE
Petronet: Buy above 158 for target of 163 SL 156 (2-3 Days)
Pgel: Buy above 231 for target of 249 SL 224 (1 Week)

Thanks and Regards

S&P Wealth Creators