Market outlook for 04/01/12

Nifty closed up 128.55 points (2.77%) at 4765.30 while Nifty Future closed at 4783.20, premium of 17.90 points.
Bank Nifty closed up 345.25 points (4.32%) at 8340.30 while Future closed at 8350.90, premium of 10.60 points.

• FII buy in Cash (Net buy 255.39 Crore)
• FII bought in index future, stock future and in index option (Net buy 1165.26 Crore)
• DII bought in Cash (Net buy 206.51 Crore)
• US market is trading 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 1212:235.

NIFTY TECHNICAL

Current Spot: 4765.30
Pivot: 4738
5DEMA: 4696
10DEMA: 4702
20DEMA: 4743
50DEMA: 4837
RSI (14 days): 49.73
Parabolic SAR: 4557
Supports: 4703 - 4641 - 4606
Resistance: 4800 - 4835 - 4898
CAM Support: 4756 - 4747 - 4739 - 4712
CAM Resistance: 4774 - 4783 - 4792 - 4819
NF VIX Range: 4707 - 4859

Nifty Future VWAP: 4746.50
MP Values Nifty Future: VAH - 4770, POC - 4739, VAL - 4708

TARGET NIFTY
Buy Nifty Future above 4787 - 4820 - 4860 - 4930 SL - 4748
Sell Nifty Future below 4746 - 4715 - 4645 - 4600 SL - 4765

BANKNIFTY TECHNICAL

Current Spot: 8340.30
Pivot: 8256
5DEMA: 8155
10DEMA: 8188
20DEMA: 8331
50DEMA: 8675
RSI (14 days): 47.75
Parabolic SAR: 7766
Supports: 8157 - 7973 - 7873
Resistance: 8440 - 8540 - 8724
CAM Support: 8314 - 8288 - 8262 - 8184
CAM Resistance: 8366 - 8392 - 8418 - 8496
Bank Nifty VIX Range: 8162 - 8540

Bank Nifty Future VWAP: 8240.40
MP Values Bank Nifty Future: VAH - 8301, POC - 8215, VAL - 8129

TARGET BANKNIFTY
Buy BankNifty Future above 8357 - 8451 - 8556 - 8700 SL - 8261
Sell BankNifty Future below 8253 - 8165 - 7975 - 7870 SL - 8284

INTRADAY TRADE
Reliance Industries: Buy above 726 for targets of 729, 735, 745 SL 719
Reliance Industries: Sell below 718 for targets of 715, 709, 700 SL 722
HindCopper: Buy above 223 for targets of 228, 236 SL 215
StcIndia: Buy above 165 for targets of 168, 175 SL 158

SCORE SHEET
CoalIndia: Buy above 313 for targets of 315, 319 SL 309: Target 329.75 achieved
Titan: Buy above 176 for targets of 177, 179 SL 174: Target 180.65 achieved

POSITIONAL TRADE
VipInd: Buy above 85.5 for target of 91 SL 83 (2-3 Days)
UFlex: Buy above 115 for target of 125 SL 111 (1 Week)

Thanks and Regards

S&P Wealth Creators