Market outlook for 22/12/11

Nifty closed up 148.95 points (3.28%) at 4693.15 while Nifty Future closed at 4711.50, premium of 18.35 points.
Bank Nifty closed up 390.60 points (5.01%) at 8189.15 while Future closed at 8198.85, premium of 9.70 points.

• FII sold in Cash (Net sell 144.23 Crore)
• FII bought huge in index future, stock future but sold in index option (Net buy 1468.09 Crore)
• DII sold in Cash (Net buy 133.26 Crore)
• US futures are trading negative.
• Global cues are flat to negative.
• SGX nifty is negative 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 938:509.

NIFTY TECHNICAL

Current Spot: 4693.15
Pivot: 4667
5DEMA: 4665
10DEMA: 4723
20DEMA: 4804
50DEMA: 4923
RSI (14 days): 41.26
Parabolic SAR: 4900
Supports: 4628 - 4562 - 4522
Resistance: 4733 - 4773 - 4838
CAM Support: 4683 - 4674 - 4664 - 4635
CAM Resistance: 4703 - 4712 - 4722 - 4751
NF VIX Range: 4629 - 4794

Nifty Future VWAP: 4655.09
MP Values Nifty Future: VAH - 4688, POC - 4636, VAL - 4614

TARGET NIFTY
Buy Nifty Future above 4715 - 4750 - 4790 - 4855 SL - 4681
Sell Nifty Future below 4676 - 4644 - 4574 - 4535 SL - 4696

BANKNIFTY TECHNICAL

Current Spot: 8189.15
Pivot: 8120
5DEMA: 8140
10DEMA: 8322
20DEMA: 8560
50DEMA: 8963
RSI (14 days): 38.23
Parabolic SAR: 8758
Supports: 8005 - 7821 - 7705
Resistance: 8305 - 8420 - 8604
CAM Support: 8162 - 8134 - 8107 - 8024
CAM Resistance: 8217 - 8244 - 8272 - 8354
Bank Nifty VIX Range: 8001 - 8396

Bank Nifty Future VWAP: 8054.51
MP Values Bank Nifty Future: VAH - 8138, POC - 8048, VAL - 7958

TARGET BANKNIFTY
Buy BankNifty Future above 8205 - 8315 - 8435 - 8610 SL - 8122
Sell BankNifty Future below 8114 - 8010 - 7820 - 7705 SL - 8176

INTRADAY TRADE
Reliance Industries: Buy above 750 for targets of 755, 763, 775 SL 740
Reliance Industries: Sell below 738 for targets of 733, 625, 613 SL 744
Titan: Buy above 170 for targets of 173, 177 SL 165.5
SesaGoa: Buy above 163 for targets of 165, 170 SL 159

SCORE SHEET
BataIndia: Buy above 536 for targets of 545, 560 SL 523: Target 554.35 achieved
Unichemlab: Buy above 150 for targets of 153, 160 SL 145: High made 151.90 and SL Hit

POSITIONAL TRADE
IciciBank: Buy above 704 for target of 740 SL 693 (2-3 Days)
Ibrealest: Buy above 47 for target of 51 SL 45.5 (1 Week)

Thanks and Regards

S&P Wealth Creators