Market outlook for 28/12/11

Nifty closed down 28.50 points (0.60%) at 4750.50 while Nifty Future closed at 4750.90, premium of 0.40 points.
Bank Nifty closed down 99.05 points (1.18%) at 8275.50 while Future closed at 8275.35, discount of 0.15 points.

• FII bought in Cash (Net buy 214.31 Crore)
• FII bought in index future, index option but sold in stock future (Net buy 387.27 Crore)
• DII sold in Cash (Net sell 95.29 Crore)
• US market is trading flat to 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: 4800 and 4700.
• Advance Decline for the day was 584:844.

NIFTY TECHNICAL

Current Spot: 4750.50
Pivot: 4758
5DEMA: 4733
10DEMA: 4737
20DEMA: 4785
50DEMA: 4885
RSI (14 days): 45.76
Parabolic SAR: 4531
Supports: 4716 - 4681 - 4639
Resistance: 4793 - 4835 - 4870
CAM Support: 4743 - 4736 - 4729 - 4708
CAM Resistance: 4758 - 4765 - 4772 - 4793
NF VIX Range: 4674 - 4827

Nifty Future VWAP: 4766.82
MP Values Nifty Future: VAH - 4806, POC - 4779, VAL - 4752

TARGET NIFTY
Buy Nifty Future above 4765 - 4795 - 4840 - 4878 SL - 4749
Sell Nifty Future below 4744 - 4720 - 4685 - 4645 SL - 4764

BANKNIFTY TECHNICAL

Current Spot: 8275.50
Pivot: 8288
5DEMA: 8285
10DEMA: 8325
20DEMA: 8483
50DEMA: 8848
RSI (14 days): 41.91
Parabolic SAR: 8420
Supports: 8211 - 8146 - 8069
Resistance: 8353 - 8430 - 8495
CAM Support: 8262 - 8249 - 8236 - 8197
CAM Resistance: 8289 - 8302 - 8315 - 8354
Bank Nifty VIX Range: 8089 - 8462

Bank Nifty Future VWAP: 8296.27
MP Values Bank Nifty Future: VAH - 8338, POC - 8300, VAL - 8262

TARGET BANKNIFTY
Buy BankNifty Future above 8293 - 8350 - 8430 - 8500 SL - 8269
Sell BankNifty Future below 8263 - 8210 - 8140 - 8060 SL - 8291

INTRADAY TRADE
Reliance Industries: Buy above 759 for targets of 763, 769, 781 SL 754
Reliance Industries: Sell below 749 for targets of 745, 739, 727 SL 758
RIIL: Buy above 320 for targets of 323, 328 SL 316
Ambujacem: Buy above 163.5 for targets of 164.5, 165.5 SL 161.9

SCORE SHEET
Havells: Buy above 400 for targets of 405, 411 SL 395: Target 404.00 achieved
Bomdyeing: Buy above 379 for targets of 383, 390 SL 372: Target 384.50 achieved

POSITIONAL TRADE
Ranbaxy: Buy above 413 for target of 422 SL 406 (2-3 Days)
Inoxleisur: Buy above 44.5 for target of 48 SL 42.5 (1 Week)

Thanks and Regards

S&P Wealth Creators