Monday, December 19, 2011

Market outlook for 20/12/11

Nifty closed down 38.50 points (0.83%) at 4613.10 while Nifty Future closed at 4623.85, premium of 10.75 points.
Bank Nifty closed down 251.15 points (3.07%) at 7920.75 while Future closed at 7924.40, premium of 3.65 points.
  • FII sold in Cash (Net sell 450.37 Crore)
  • FII sold in index future, index option, and stock future (Net sell 1077.16 Crore)
  • DII bought in Cash (Net buy 18.60 Crore)
  • US futures are trading positive.
  • Global cues are flat to positive.
  • SGX nifty is flat as of now.
  • Most Active Nifty Call Option: 4600 and 4700.
  • Most Active Nifty Put Options: 4600 and 4500.
  • Advance Decline for the day was 257:1210.
NIFTY TECHNICAL
Current Spot: 4613.10
Pivot: 4597
5DEMA: 4704
10DEMA: 4772
20DEMA: 4844
50DEMA: 4939
RSI (14 days): 33.23
Parabolic SAR: 4997
Supports: 4572 - 4530 - 4504
Resistance: 4639 -4665 - 4706
CAM Support: 4607 - 4601 - 4595 - 4576
CAM Resistance: 4619 - 4625 - 4632 - 4650
NF VIX Range: 4550 - 4698
Nifty Future VWAP: 4594.84
MP Values Nifty Future: VAH - 4602, POC - 4588, VAL - 4574

TARGET NIFTY
Buy Nifty Future above 4627 - 4649 - 4675 - 4720 SL - 4604
Sell Nifty Future below 4600 - 4581 - 4545 - 4510 SL - 4621

BANKNIFTY TECHNICAL
Current Spot: 7920.75
Pivot: 7948
5DEMA: 8274
10DEMA: 8475
20DEMA: 8682
50DEMA: 9012
RSI (14 days): 27.65
Parabolic SAR: 9018
Supports: 7774 - 7627 - 7453
Resistance: 8095 - 8269 - 8416
CAM Support: 7891 - 7862 - 7833 - 7744
CAM Resistance: 7950 - 7980 - 8009 - 8097
Bank Nifty VIX Range: 7753 - 8096
Bank Nifty Future VWAP: 7900.80
MP Values Bank Nifty Future: VAH - 7948, POC - 7905, VAL - 7862

TARGET BANKNIFTY
Buy BankNifty Future above 7941 - 8055 - 8205 - 8330 SL - 7916
Sell BankNifty Future below 7913 - 7796 - 7665 - 7550 SL - 7939

INTRADAY TRADE
Reliance Industries: Buy above 737 for targets of 740, 746, 758 SL 728
Reliance Industries: Sell below 726 for targets of 723, 717, 705 SL 732
Sail: Buy above 77 for targets of 78.5, 80.5 SL 75.8
Jublfood: Buy above 765 for targets of 774, 790 SL 752

SCORE SHEET
Gail: Buy above 382 for targets of 386, 395 SL 377: Call not activated
Apollohosp: Buy above 535 for targets of 542, 554 SL 521: Target 547.00 achieved

POSITIONAL TRADE
TataMotors: Buy above 180 for target of 187 SL 176 (2-3 Days)
Educomp: Buy above 188 for target of 204 SL 182 (1 Week)

Thanks and Regards

S&P Wealth Creators