Market outlook for 07/01/12

Nifty closed up 4.15 points (0.09%) at 4754.10 while Nifty Future closed at 4771.95, premium of 17.85 points.
Bank Nifty closed up 33.35 points (0.39%) at 8488.25 while Future closed at 8488.45, premium of 0.40 points.

• FII bought in Cash (Net buy 10.44 Crore)
• FII sold in index future, stock future but bought in index option (Net sell 377.90 Crore)
• DII sold in Cash (Net sold 198.88 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 697:727.

NIFTY TECHNICAL

Current Spot: 4754.10
Pivot: 4745
5DEMA: 4735
10DEMA: 4724
20DEMA: 4745
50DEMA: 4831
RSI (14 days): 49.12
Parabolic SAR: 4571
Supports: 4696 - 4637 - 4588
Resistance: 4804 - 4853 - 4912
CAM Support: 4744 - 4734 - 4724 - 4695
CAM Resistance: 4764 - 4774 - 4784 - 4814
NF VIX Range: 4702 - 4841

Nifty Future VWAP: 4746.36
MP Values Nifty Future: VAH - 4772, POC - 4732, VAL - 4695

TARGET NIFTY
Buy Nifty Future above 4776 - 4825 - 4880 - 4950 SL - 4756
Sell Nifty Future below 4755 - 4705 - 4645 - 4585 SL - 4775

BANKNIFTY TECHNICAL

Current Spot: 8488.25
Pivot: 8457
5DEMA: 8370
10DEMA: 8309
20DEMA: 8362
50DEMA: 8640
RSI (14 days): 51.89
Parabolic SAR: 7856
Supports: 8328 - 8168 - 8039
Resistance: 8617 - 8747 - 8907
CAM Support: 8462 - 8435 - 8409 - 8329
CAM Resistance: 8515 - 8541 - 8568 - 8647
Bank Nifty VIX Range: 8313 - 8665

Bank Nifty Future VWAP: 8405.60
MP Values Bank Nifty Future: VAH - 8485, POC - 8342, VAL - 8277

TARGET BANKNIFTY
Buy BankNifty Future above 8495 - 8570 - 8665 - 8785 SL - 8445
Sell BankNifty Future below 8441 - 8360 - 8285 - 8190 SL - 8490

INTRADAY TRADE
Reliance Industries: Buy above 719 for targets of 723, 729, 739 SL 711
Reliance Industries: Sell below 709 for targets of 705, 699, 689 SL 715
Pantaloonr: Buy above 142 for targets of 144, 148 SL 139
DrReddy: Buy above 1605 for targets of 1622, 1644 SL 1592

SCORE SHEET
Cairn: Buy above 340 for targets of 344, 349 SL 335: Target 345.80 achieved
IndiaBulls: Buy above 150 for targets of 152, 156 SL 147: Target 151.95 achieved

POSITIONAL TRADE
Cesc: Buy above 214 for target of 221 SL 211 (2-3 Days)
BomDyeing: Buy above 378 for target of 415 SL 360 (1 Week)

Thanks and Regards

S&P Wealth Creators