Market outlook for 21/12/11

Nifty closed down 68.90 points (1.49%) at 4544.20 while Nifty Future closed at 4554.50, premium of 10.30 points.
Bank Nifty closed down 122.20 points (1.54%) at 7798.55 while Future closed at 7797.70, discount of 0.85 points.

• FII sold in Cash (Net sell 526.26 Crore)
• FII sold in index option, stock future but bought in index future (Net sell 355.30 Crore)
• DII bought in Cash (Net buy 186.72 Crore)
• US futures are trading positive.
• Global cues are flat to positive.
• SGX nifty is positive 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 370:1097.

NIFTY TECHNICAL

Current Spot: 4544.20
Pivot: 4571
5DEMA: 4651
10DEMA: 4730
20DEMA: 4816
50DEMA: 4933
RSI (14 days): 30.35
Parabolic SAR: 4950
Supports: 4504 - 4465 - 4398
Resistance: 4611 -4677 - 4717
CAM Support: 4534 - 4525 - 4515 - 4486
CAM Resistance: 4554 - 4564 - 4573 - 4603
NF VIX Range: 4482 - 4627

Nifty Future VWAP: 4589.55
MP Values Nifty Future: VAH - 4626, POC - 4598, VAL - 4570

TARGET NIFTY
Buy Nifty Future above 4581 - 4615 - 4670 - 4715 SL - 4569
Sell Nifty Future below 4548 - 4517 - 4480 - 4420 SL - 4580

BANKNIFTY TECHNICAL

Current Spot: 7798.55
Pivot: 7842
5DEMA: 8115
10DEMA: 8352
20DEMA: 8599
50DEMA: 8984
RSI (14 days): 25.80
Parabolic SAR: 8893
Supports: 7723 - 7647 - 7527
Resistance: 7918 - 8038 - 8113
CAM Support: 7781 - 7763 - 7745 - 7691
CAM Resistance: 7816 - 7834 - 7852 - 7906
Bank Nifty VIX Range: 7631 - 7964

Bank Nifty Future VWAP: 7848.63
MP Values Bank Nifty Future: VAH - 7879, POC - 7825, VAL - 7771

TARGET BANKNIFTY
Buy BankNifty Future above 7845 - 7925 - 8050 - 8140 SL - 7806
Sell BankNifty Future below 7786 - 7712 - 7622 - 7500 SL - 7843

INTRADAY TRADE
Reliance Industries: Buy above 725 for targets of 730, 738, 752 SL 720
Reliance Industries: Sell below 712 for targets of 707, 699, 685 SL 723
BataIndia: Buy above 536 for targets of 545, 560 SL 523
Unichemlab: Buy above 150 for targets of 153, 160 SL 145

SCORE SHEET
Sail: Buy above 77 for targets of 78.5, 80.5 SL 75.8: Target 79.10 achieved
Jublfood: Buy above 765 for targets of 774, 790 SL 752: Target 776.70 achieved

POSITIONAL TRADE
Prakashcon: Buy above 232 for target of 248 SL 224 (2-3 Days)
Orchidchem: Buy above 132 for target of 144 SL 130 (1 Week)

Thanks and Regards

S&P Wealth Creators