Market outlook for 23/12/11

Nifty closed up 40.70 points (0.87%) at 4733.85 while Nifty Future closed at 4748.90, premium of 15.05 points.
Bank Nifty closed up 195.50 points (2.39%) at 8384.65 while Future closed at 8393.25, premium of 8.60 points.

• FII sold in Cash (Net sell 236.39 Crore)
• FII sold in index option, stock future but bought in index future (Net sell 133.74 Crore)
• DII bought in Cash (Net buy 229.74 Crore)
• US futures are trading flat to positive.
• Global cues are flat to positive.
• SGX nifty is flat as of now.
• Most Active Nifty Call Option: 4700 and 4800.
• Most Active Nifty Put Options: 4700 and 4600.
• Advance Decline for the day was 873:567.

NIFTY TECHNICAL

Current Spot: 4733.85
Pivot: 4702
5DEMA: 4688
10DEMA: 4725
20DEMA: 4797
50DEMA: 4897
RSI (14 days): 44.18
Parabolic SAR: 4856
Supports: 4664 - 4595 - 4557
Resistance: 4772 - 4810 - 4880
CAM Support: 4724 - 4714 - 4704 - 4675
CAM Resistance: 4744 - 4754 - 4763 - 4793
NF VIX Range: 4668 - 4830

Nifty Future VWAP: 4696.04
MP Values Nifty Future: VAH - 4706, POC - 4678, VAL - 4650

TARGET NIFTY
Buy Nifty Future above 4752 - 4789 - 4830 - 4905 SL - 4713
Sell Nifty Future below 4709 - 4676 - 4600 - 4560 SL - 4728

BANKNIFTY TECHNICAL

Current Spot: 8384.65
Pivot: 8288
5DEMA: 8222
10DEMA: 8334
20DEMA: 8542
50DEMA: 8905
RSI (14 days): 43.63
Parabolic SAR: 8639
Supports: 8161 - 7937 - 7809
Resistance: 8512 - 8640 - 8864
CAM Support: 8352 - 8320 - 8288 - 8191
CAM Resistance: 8417 - 8449 - 8481 - 8578
Bank Nifty VIX Range: 8191 - 8595

Bank Nifty Future VWAP: 8235.46
MP Values Bank Nifty Future: VAH - 8288, POC - 8159, VAL - 8080

TARGET BANKNIFTY
Buy BankNifty Future above 8400 - 8510 - 8620 - 8750 SL - 8293
Sell BankNifty Future below 8284 - 8180 - 8120 - 7960 SL - 8336

INTRADAY TRADE
Reliance Industries: Buy above 756 for targets of 761, 768, 780 SL 747
Reliance Industries: Sell below 746 for targets of 741, 734, 722 SL 752
Hindunilvr: Buy above 410 for targets of 413, 418 SL 406
Sbin: Buy above 1675 for targets of 1695, 1730 SL 1642

SCORE SHEET
Titan: Buy above 170 for targets of 173, 177 SL 165.5: Target 178.00 achieved
SesaGoa: Buy above 163 for targets of 165, 170 SL 159: Call not activated

POSITIONAL TRADE
Aanjaneya: Buy above 509 for target of 540 SL 492 (2-3 Days)
Crompgreav: Buy above 118 for target of 126 SL 114 (1 Week)

Thanks and Regards

S&P Wealth Creators