Market outlook for 05/01/12

Nifty closed down 15.65 points (0.33%) at 4749.65 while Nifty Future closed at 4760.20, premium of 10.55 points.
Bank Nifty closed up 68.10 points (0.82%) at 8408.40 while Future closed at 8396.40, discount of 12.00 points.

• FII buy in Cash (Net buy 138.97 Crore)
• FII bought in index option, stock future but sold in index future (Net buy 252.90 Crore)
• DII sold in Cash (Net sold 83.41 Crore)
• US market is trading flat to negative.
• Global cues are flat to negative.
• 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 783:639.

NIFTY TECHNICAL

Current Spot: 4749.65
Pivot: 4754
5DEMA: 4714
10DEMA: 4710
20DEMA: 4743
50DEMA: 4827
RSI (14 days): 48.91
Parabolic SAR: 4562
Supports: 4725 - 4700 - 4671
Resistance: 4779 - 4808 - 4833
CAM Support: 4745 - 4740 - 4735 - 4720
CAM Resistance: 4755 - 4760 - 4765 - 4779
NF VIX Range: 4687 - 4834

Nifty Future VWAP: 4763.89
MP Values Nifty Future: VAH - 4776, POC - 4764, VAL - 4752

TARGET NIFTY
Buy Nifty Future above 4769 - 4790 - 4825 - 4850 SL - 4759
Sell Nifty Future below 4753 - 4735 - 4710 - 4675 SL - 4768

BANKNIFTY TECHNICAL

Current Spot: 8408.40
Pivot: 8385
5DEMA: 8240
10DEMA: 8228
20DEMA: 8338
50DEMA: 8642
RSI (14 days): 49.77
Parabolic SAR: 7780
Supports: 8317 - 8226 - 8158
Resistance: 8476 - 8544 - 8635
CAM Support: 8394 - 8379 - 8365 - 8321
CAM Resistance: 8423 - 8438 - 8452 - 8496
Bank Nifty VIX Range: 8212 - 8581

Bank Nifty Future VWAP: 8367.99
MP Values Bank Nifty Future: VAH - 8398, POC - 8358, VAL - 8318

TARGET BANKNIFTY
Buy BankNifty Future above 8403 - 8470 - 8545 - 8630 SL - 8379
Sell BankNifty Future below 8372 - 8315 - 8225 - 8150 SL - 8389

INTRADAY TRADE
Reliance Industries: Buy above 724 for targets of 727, 732, 740 SL 718
Reliance Industries: Sell below 713 for targets of 710, 705, 695 SL 722
McDowell-N: Buy above 565 for targets of 572, 580 SL 555
Hindalco: Buy above 119 for targets of 120, 122 SL 117

SCORE SHEET
HindCopper: Buy above 223 for targets of 228, 236 SL 215: Target 257.00 achieved
StcIndia: Buy above 165 for targets of 168, 175 SL 158: Target 191.80 achieved

POSITIONAL TRADE
Hindcopper: Buy above 255 for target of 280 SL 243 (2-3 Days)
Rcf: Buy above 37 for target of 42 SL 35.3 (1 Week)

Thanks and Regards

S&P Wealth Creators