Market outlook for 27/12/11

Nifty closed up 65.00 points (1.38%) at 4779.00 while Nifty Future closed at 4787.70, premium of 8.70 points.
Bank Nifty closed up 78.10 points (0.94%) at 8374.55 while Future closed at 8385.30, premium of 10.75 points.

• FII bought in Cash (Net buy 113.43 Crore)
• FII bought in index future, stock future but sold in index option (Net buy 395.71 Crore)
• DII sold in Cash (Net sell 118.98 Crore)
• US market was closed.
• 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 957:476.

NIFTY TECHNICAL

Current Spot: 4779.00
Pivot: 4761
5DEMA: 4724
10DEMA: 4733
20DEMA: 4788
50DEMA: 4878
RSI (14 days): 47.60
Parabolic SAR: 4787
Supports: 4736 - 4692 - 4667
Resistance: 4805 - 4831 - 4874
CAM Support: 4773 - 4766 - 4760 - 4741
CAM Resistance: 4785 - 4792 - 4798 - 4817
NF VIX Range: 4709 - 4867

Nifty Future VWAP: 4775.26
MP Values Nifty Future: VAH - 4794, POC - 4781, VAL - 4768

TARGET NIFTY
Buy Nifty Future above 4791 - 4818 - 4850 - 4900 SL - 4768
Sell Nifty Future below 4763 - 4740 - 4689 - 4656 SL - 4783

BANKNIFTY TECHNICAL

Current Spot: 8374.55
Pivot: 8362
5DEMA: 8289
10DEMA: 8336
20DEMA: 8505
50DEMA: 8850
RSI (14 days): 44.14
Parabolic SAR: 8452
Supports: 8305 - 8235 - 8177
Resistance: 8432 - 8490 - 8560
CAM Support: 8363 - 8351 - 8339 - 8304
CAM Resistance: 8386 - 8398 - 8410 - 8445
Bank Nifty VIX Range: 8193 - 8578

Bank Nifty Future VWAP: 8379.79
MP Values Bank Nifty Future: VAH - 8400, POC - 8368, VAL - 8336

TARGET BANKNIFTY
Buy BankNifty Future above 8392 - 8450 - 8510 - 8600 SL - 8359
Sell BankNifty Future below 8354 - 8305 - 8225 - 8150 SL - 8381

INTRADAY TRADE
Reliance Industries: Buy above 763 for targets of 767, 773, 783 SL 755
Reliance Industries: Sell below 753 for targets of 749, 743, 733 SL 759
Havells: Buy above 400 for targets of 405, 411 SL 395
Bomdyeing: Buy above 379 for targets of 383, 390 SL 372

SCORE SHEET
NMDC: Buy above 158 for targets of 160, 164 SL 155: Target 163.00 achieved
Grasim: Buy above 2460 for targets of 2482, 2508 SL 2442: Target 2489.90 achieved

POSITIONAL TRADE
Acc: Buy above 1160 for target of 1202 SL 1140 (2-3 Days)
Gvkpil: Buy above 12 for target of 14.8 SL 10.95 (1 Week)

Thanks and Regards

S&P Wealth Creators