Market outlook for 26/12/11

Nifty closed down 19.85 points (0.42%) at 4714.00 while Nifty Future closed at 4720.60, premium of 6.60 points.
Bank Nifty closed down 88.20 points (1.05%) at 8296.45 while Future closed at 8292.45, discount of 4.00 points.

• FII bought in Cash (Net buy 84.24 Crore)
• FII sold in stock future but bought in index future, index option (Net sell 24.55 Crore)
• DII sold in Cash (Net sell 78.55 Crore)
• US futures ended positive.
• Global cues are flat to positive.
• SGX nifty is flat as of now.
• Most Active Nifty Call Option: 4800 and 4900.
• Most Active Nifty Put Options: 4700 and 4600.
• Advance Decline for the day was 797:629.

NIFTY TECHNICAL

Current Spot: 4714.00
Pivot: 4724
5DEMA: 4697
10DEMA: 4723
20DEMA: 4789
50DEMA: 4882
RSI (14 days): 43.43
Parabolic SAR: 4817
Supports: 4684 - 4653 - 4613
Resistance: 4754 - 4794 - 4824
CAM Support: 4708 - 4701 - 4695 - 4675
CAM Resistance: 4720 - 4727 - 4733 - 4753
NF VIX Range: 4642 - 4799

Nifty Future VWAP: 4739.78
MP Values Nifty Future: VAH - 4768, POC - 4746, VAL - 4724

TARGET NIFTY
Buy Nifty Future above 4735 - 4764 - 4810 - 4840 SL - 4719
Sell Nifty Future below 4714 - 4688 - 4655 - 4610 SL - 4734

BANKNIFTY TECHNICAL

Current Spot: 8296.45
Pivot: 8334
5DEMA: 8247
10DEMA: 8327
20DEMA: 8518
50DEMA: 8869
RSI (14 days): 42.07
Parabolic SAR: 8534
Supports: 8216 - 8135 - 8017
Resistance: 8414 - 8532 - 8613
CAM Support: 8278 - 8260 - 8242 - 8187
CAM Resistance: 8315 - 8333 - 8351 - 8406
Bank Nifty VIX Range: 8097 - 8487

Bank Nifty Future VWAP: 8350.30
MP Values Bank Nifty Future: VAH - 8413, POC - 8354, VAL - 8295

TARGET BANKNIFTY
Buy BankNifty Future above 8338 - 8420 - 8550 - 8640 SL - 8298
Sell BankNifty Future below 8280 - 8210 - 8115 - 8000 SL - 8336

INTRADAY TRADE
Reliance Industries: Buy above 757 for targets of 761, 767, 777 SL 751
Reliance Industries: Sell below 744 for targets of 740, 734, 724 SL 755
NMDC: Buy above 158 for targets of 160, 164 SL 155
Grasim: Buy above 2460 for targets of 2482, 2508 SL 2442

SCORE SHEET
Hindunilvr: Buy above 410 for targets of 413, 418 SL 406: Target 414.90 achieved
Sbin: Buy above 1675 for targets of 1695, 1730 SL 1642: Target 1691.80 achieved

POSITIONAL TRADE
Neyvelilig: Buy above 73.5 for target of 78 SL 72 (2-3 Days)
Dabur: Buy above 101 for target of 110 SL 98 (1 Week)

Thanks and Regards

S&P Wealth Creators