Market outlook for 15/12/11

Nifty closed down 37.35 points (0.78%) at 4763.25 while Nifty Future closed at 4764.20, premium of 0.95 points.
Bank Nifty closed down 38.95 points (0.45%) at 8533.00 while Future closed at 8512.35, discount of 20.65 points.

• FII sold in Cash (Net sell 140.13 Crore)
• FII sold in index future but bought in stock future, index option (Net sell 190.09 Crore)
• DII bought in Cash (Net buy 449.59 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 446:1002.

NIFTY TECHNICAL

Current Spot: 4763.25
Pivot: 4784
5DEMA: 4824
10DEMA: 4862
20DEMA: 4907
50DEMA: 4972
RSI (14 days): 39.87
Parabolic SAR: 5077
Supports: 4729 - 4695 - 4640
Resistance: 4818 -4874 - 4908
CAM Support: 4755 - 4747 - 4739 - 4714
CAM Resistance: 4771 - 4780 - 4788 - 4812
NF VIX Range: 4687 - 4842

Nifty Future VWAP: 4797.52
MP Values Nifty Future: VAH - 4819, POC - 4792, VAL - 4765

TARGET NIFTY
Buy Nifty Future above 4791 - 4820 - 4870 - 4915 SL - 4775
Sell Nifty Future below 4757 - 4730 - 4695 - 4640 SL - 4790

BANKNIFTY TECHNICAL

Current Spot: 8533.00
Pivot: 8571
5DEMA: 8662
10DEMA: 8748
20DEMA: 8864
50DEMA: 9110
RSI (14 days): 38.43
Parabolic SAR: 9221
Supports: 8445 - 8357 - 8231
Resistance: 8659 - 8785 - 8873
CAM Support: 8513 - 8494 - 8474 - 8415
CAM Resistance: 8553 - 8572 - 8592 - 8651
Bank Nifty VIX Range: 8339 - 8686

Bank Nifty Future VWAP: 8565.47
MP Values Bank Nifty Future: VAH - 8595, POC - 8534, VAL - 8473

TARGET BANKNIFTY
Buy BankNifty Future above 8560 - 8645 - 8770 - 8880 SL - 8519
Sell BankNifty Future below 8499 - 8420 - 8330 - 8190 SL - 8556

INTRADAY TRADE
Reliance Industries: Buy above 747 for targets of 751, 757, 769 SL 741
Reliance Industries: Sell below 738 for targets of 734, 728, 716 SL 745
SunTv: Buy above 278 for targets of 282, 289 SL 270
Indiabulls: Buy above 150 for targets of 151.5, 154 SL 147.5

SCORE SHEET
BataIndia: Buy above 596 for targets of 606, 620 SL 579: Target 603.00 achieved
TataSteel: Buy above 395 for targets of 400, 408 SL 386: Call not activated

POSITIONAL TRADE
Apollotyre: Buy above 61.50 for target of 63.80 SL 60.90 (2-3 Days)
Boschltd: Buy above 6905 for target of 7480 SL 6745 (1 Week)

Thanks and Regards

S&P Wealth Creators