Market outlook for 03/01/12

Nifty closed up 12.45 points (0.27%) at 4636.75 while Nifty Future closed at 4648.10, premium of 11.35 points.
Bank Nifty closed up 26.40 points (0.33%) at 7995.05 while Future closed at 8007.05, premium of 12.00 points.

• FII sold in Cash (Net sell 93.87 Crore)
• FII sold in index future but bought in index option, stock future (Net sell 142.47 Crore)
• DII bought in Cash (Net buy 84.34 Crore)
• US market was closed for the day.
• 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: 4600 and 4500.
• Advance Decline for the day was 760:663.

NIFTY TECHNICAL

Current Spot: 4636.75
Pivot: 4624
5DEMA: 4661
10DEMA: 4688
20DEMA: 4740
50DEMA: 4840
RSI (14 days): 40.41
Parabolic SAR: 4552
Supports: 4601 - 4566 - 4543
Resistance: 4659 - 4681 - 4717
CAM Support: 4631 - 4626 - 4621 - 4605
CAM Resistance: 4642 - 4647 - 4653 - 4669
NF VIX Range: 4580 - 4717

Nifty Future VWAP: 4629.82
MP Values Nifty Future: VAH - 4652, POC - 4636, VAL - 4620

TARGET NIFTY
Buy Nifty Future above 4652 - 4670 - 4693 - 4730 SL - 4630
Sell Nifty Future below 4625 - 4611 - 4575 - 4550 SL - 4645

BANKNIFTY TECHNICAL

Current Spot: 7995.05
Pivot: 7971
5DEMA: 8063
10DEMA: 8154
20DEMA: 8330
50DEMA: 8689
RSI (14 days): 37.32
Parabolic SAR: 8175
Supports: 7913 - 7830 - 7773
Resistance: 8053 - 8111 - 8193
CAM Support: 7982 - 7969 - 7956 - 7918
CAM Resistance: 8008 - 8021 - 8034 - 8072
Bank Nifty VIX Range: 7841 - 8173

Bank Nifty Future VWAP: 7958.31
MP Values Bank Nifty Future: VAH - 7978, POC - 7939, VAL - 7900

TARGET BANKNIFTY
Buy BankNifty Future above 8013 - 8055 - 8105 - 8190 SL - 7966
Sell BankNifty Future below 7958 - 7922 - 7835 - 7780 SL - 7984

INTRADAY TRADE
Reliance Industries: Buy above 708 for targets of 713, 720, 734 SL 699
Reliance Industries: Sell below 698 for targets of 694, 688, 676 SL 703
CoalIndia: Buy above 313 for targets of 315, 319 SL 309
Titan: Buy above 176 for targets of 177, 179 SL 174

SCORE SHEET
Recltd: Buy above 154.5 for targets of 156, 159 SL 152.5: Target 156.30 achieved
Unionbank: Buy above 171 for targets of 173, 176 SL 168: Target 174.90 achieved

POSITIONAL TRADE
TataMotors: Buy above 184.5 for target of 189 SL 182 (2-3 Days)
Rcom: Buy above 72 for target of 78 SL 71 (1 Week)

Thanks and Regards

S&P Wealth Creators