Market outlook for 16/12/11

Nifty closed down 16.90 points (0.35%) at 4746.35 while Nifty Future closed at 4757.40, premium of 11.05 points.
Bank Nifty closed down 87.90 points (1.03%) at 8445.10 while Future closed at 8450.15, premium of 5.05 points.

• FII sold in Cash (Net sell 323.28 Crore)
• FII sold in index future, stock future but bought in index option (Net sell 306.51 Crore)
• DII bought in Cash (Net buy 48.09 Crore)
• US futures are trading positive.
• Global cues are flat to positive.
• SGX nifty is flat as of now.
• Most Active Nifty Call Option: 4800 and 4900.
• Most Active Nifty Put Options: 4700 and 4600.
• Advance Decline for the day was 376:1076.

NIFTY TECHNICAL

Current Spot: 4746.35
Pivot: 4730
5DEMA: 4798
10DEMA: 4841
20DEMA: 4891
50DEMA: 4968
RSI (14 days): 38.91
Parabolic SAR: 5061
Supports: 4691 - 4635 - 4596
Resistance: 4785 -4824 - 4880
CAM Support: 4738 - 4729 - 4720 - 4694
CAM Resistance: 4755 - 4763 - 4772 - 4798
NF VIX Range: 4682 - 4832

Nifty Future VWAP: 4728.02
MP Values Nifty Future: VAH - 4750, POC - 4713, VAL - 4676

TARGET NIFTY
Buy Nifty Future above 4761 - 4800 - 4840 - 4905 SL - 4735
Sell Nifty Future below 4730 - 4695 - 4655 - 4590 SL - 4755

BANKNIFTY TECHNICAL

Current Spot: 8445.10
Pivot: 8443
5DEMA: 8590
10DEMA: 8693
20DEMA: 8825
50DEMA: 9100
RSI (14 days): 36.39
Parabolic SAR: 9187
Supports: 8377 - 8310 - 8243
Resistance: 8511 - 8577 - 8645
CAM Support: 8433 - 8421 - 8408 - 8371
CAM Resistance: 8457 - 8470 - 8482 - 8519
Bank Nifty VIX Range: 8282 - 8618

Bank Nifty Future VWAP: 8445.10
MP Values Bank Nifty Future: VAH - 8488, POC - 8450, VAL - 8412

TARGET BANKNIFTY
Buy BankNifty Future above 8456 - 8520 - 8595 - 8680 SL - 8435
Sell BankNifty Future below 8433 - 8375 - 8300 - 8220 SL - 8454

INTRADAY TRADE
Reliance Industries: Buy above 752 for targets of 756, 762, 774 SL 742
Reliance Industries: Sell below 739 for targets of 735, 729, 717 SL 745
Lupin: Buy above 435 for targets of 440, 448 SL 427
Deltacorp: Buy above 65 for targets of 66.9, 68.9 SL 63.5

SCORE SHEET
SunTv: Buy above 278 for targets of 282, 289 SL 270: Call not activated
Indiabulls: Buy above 150 for targets of 151.5, 154 SL 147.5: Call not activated

POSITIONAL TRADE
Mrpl: Buy above 61 for target of 65 SL 58.90 (2-3 Days)
CoalIndia: Buy above 313 for target of 330 SL 305 (1 Week)

Thanks and Regards

S&P Wealth Creators