Market outlook for 19/12/11

Nifty closed down 94.75 points (2.00%) at 4651.60 while Nifty Future closed at 4643.15, discount of 8.45 points.
Bank Nifty closed down 273.20 points (3.24%) at 8171.90 while Future closed at 8139.80, discount of 32.10 points.

• FII sold in Cash (Net sell 220.25 Crore)
• FII sold in index option, stock future but bought in index future (Net sell 1052.86 Crore)
• DII bought in Cash (Net buy 335.30 Crore)
• US futures ended 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 310:1144.

NIFTY TECHNICAL

Current Spot: 4651.60
Pivot: 4700
5DEMA: 4749
10DEMA: 4807
20DEMA: 4869
50DEMA: 4952
RSI (14 days): 34.79
Parabolic SAR: 5035
Supports: 4580 - 4509 - 4390
Resistance: 4771 -4890 - 4962
CAM Support: 4634 - 4617 - 4599 - 4547
CAM Resistance: 4669 - 4687 - 4704 - 4756
NF VIX Range: 4567 - 4719

Nifty Future VWAP: 4752.36
MP Values Nifty Future: VAH - 4839, POC - 4808, VAL - 4707

TARGET NIFTY
Buy Nifty Future above 4706 - 4770 - 4880 - 4980 SL - 4695
Sell Nifty Future below 4636 - 4570 - 4500 - 4410 SL - 4705

BANKNIFTY TECHNICAL

Current Spot: 8171.90
Pivot: 8301
5DEMA: 8450
10DEMA: 8598
20DEMA: 8762
50DEMA: 9057
RSI (14 days): 31.41
Parabolic SAR: 9124
Supports: 7998 - 7825 - 7523
Resistance: 8474 - 8776 - 8950
CAM Support: 8128 - 8085 - 8041 - 7910
CAM Resistance: 8215 - 8259 - 8303 - 8433
Bank Nifty VIX Range: 7966 - 8313

Bank Nifty Future VWAP: 8411.34
MP Values Bank Nifty Future: VAH - 8625, POC - 8574, VAL - 8313

TARGET BANKNIFTY
Buy BankNifty Future above 8293 - 8470 - 8795 - 9000 SL - 8235
Sell BankNifty Future below 8128 - 7960 - 7790 - 7620 SL - 8291

INTRADAY TRADE
Reliance Industries: Buy above 764 for targets of 770, 782, 800 SL 759
Reliance Industries: Sell below 719 for targets of 715, 709, 697 SL 729
Gail: Buy above 382 for targets of 386, 395 SL 377
Apollohosp: Buy above 535 for targets of 542, 554 SL 521

SCORE SHEET
Lupin: Buy above 435 for targets of 440, 448 SL 427: Made high of 438.05
Deltacorp: Buy above 65 for targets of 66.9, 68.9 SL 63.5: SL Hit

POSITIONAL TRADE
Mcleodruss: Buy above 192 for target of 205 SL 185 (2-3 Days)
Astral: Buy above 141 for target of 156 SL 138 (1 Week)

Thanks and Regards

S&P Wealth Creators