Market outlook for 30/12/11

Nifty closed down 59.55 points (1.27%) at 4646.25 while Nifty Future closed at 4673.10, premium of 26.85 points.
Bank Nifty closed down 84.00 points (1.04%) at 8027.40 while Future closed at 8014.60, discount of 12.80 points.

• FII sold huge in Cash (Net sell 1015.82 Crore)
• FII bought in index option but sold in index future, stock future (Net buy 253.80 Crore)
• DII bought in Cash (Net buy 323.07 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: 4700 and 4800.
• Most Active Nifty Put Options: 4700 and 4500.
• Advance Decline for the day was 502:939.

NIFTY TECHNICAL

Current Spot: 4646.25
Pivot: 4662
5DEMA: 4698
10DEMA: 4716
20DEMA: 4765
50DEMA: 4873
RSI (14 days): 40.14
Parabolic SAR: 4542
Supports: 4623 - 4600 - 4560
Resistance: 4686 - 4725 - 4748
CAM Support: 4640 - 4635 - 4629 - 4612
CAM Resistance: 4652 - 4658 - 4664 - 4681
NF VIX Range: 4600 - 4746

Nifty Future VWAP: 4695.96
MP Values Nifty Future: VAH - 4726, POC - 4706, VAL - 4686

TARGET NIFTY
Buy Nifty Future above 4691 - 4711 - 4751 - 4778 SL - 4675
Sell Nifty Future below 4666 - 4649 - 4623 - 4583 SL - 4690

BANKNIFTY TECHNICAL

Current Spot: 8027.40
Pivot: 8051
5DEMA: 8160
10DEMA: 8239
20DEMA: 8408
50DEMA: 8791
RSI (14 days): 37.12
Parabolic SAR: 8294
Supports: 7964 - 7900 - 7813
Resistance: 8114 - 8201 - 8265
CAM Support: 8014 - 8000 - 7986 - 7945
CAM Resistance: 8041 - 8055 - 8069 - 8110
Bank Nifty VIX Range: 7840 - 8189

Bank Nifty Future VWAP: 8057.16
MP Values Bank Nifty Future: VAH - 8101, POC - 8066, VAL - 8031

TARGET BANKNIFTY
Buy BankNifty Future above 8043 - 8094 - 8170 - 8230 SL - 8013
Sell BankNifty Future below 8003 - 7957 - 7896 - 7805 SL - 8042

INTRADAY TRADE
Reliance Industries: Buy above 723 for targets of 727, 733, 745 SL 717
Reliance Industries: Sell below 708 for targets of 704, 698, 686 SL 721
Sobha: Buy above 198 for targets of 201, 208 SL 193
Jswsteel: Buy above 527 for targets of 532, 440 SL 521

SCORE SHEET
Ntpc: Buy above 162 for targets of 163, 165 SL 160: Call not activated
Lupin: Buy above 439 for targets of 442, 449 SL 430: Target 445.95 achieved

POSITIONAL TRADE
Jubilant: Buy above 183 for target of 194 SL 178 (2-3 Days)
Jpinfratec: Buy above 40 for target of 44.5 SL 38 (1 Week)

Thanks and Regards

S&P Wealth Creators