Market outlook for 10/01/12

Nifty closed down 4.10 points (0.09%) at 4742.80 while Nifty Future closed at 4751.80, premium of 9.00 points.
Bank Nifty closed up 28.55 points (0.34%) at 8481.35 while Future closed at 8446.25, discount of 35.10 points.

• FII sold in Cash (Net sell 36.46 Crore)
• FII sold in stock future but bought in index future, index option (Net sell 266.94 Crore)
• DII bought in Cash (Net buy 29.26 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 930:524.

NIFTY TECHNICAL

Current Spot: 4742.80
Pivot: 4732
5DEMA: 4740
10DEMA: 4731
20DEMA: 4745
50DEMA: 4832
RSI (14 days): 48.08
Parabolic SAR: 4580
Supports: 4706 - 4669 - 4643
Resistance: 4769 - 4796 - 4832
CAM Support: 4737 - 4731 - 4725 - 4708
CAM Resistance: 4749 - 4754 - 4760 - 4778
NF VIX Range: 4687 - 4817

Nifty Future VWAP: 4740.29
MP Values Nifty Future: VAH - 4773, POC - 4753, VAL - 4733

TARGET NIFTY
Buy Nifty Future above 4755 - 4780 - 4815 - 4855 SL - 4739
Sell Nifty Future below 4738 - 4715 - 4675 - 4645 SL - 4752

BANKNIFTY TECHNICAL

Current Spot: 8481.35
Pivot: 8443
5DEMA: 8426
10DEMA: 8362
20DEMA: 8382
50DEMA: 8637
RSI (14 days): 51.89
Parabolic SAR: 7968
Supports: 8368 - 8255 - 8180
Resistance: 8556 - 8631 - 8744
CAM Support: 8464 - 8447 - 8430 - 8378
CAM Resistance: 8499 - 8516 - 8533 - 8585
Bank Nifty VIX Range: 8282 - 8611

Bank Nifty Future VWAP: 8412.14
MP Values Bank Nifty Future: VAH - 8479, POC - 8422, VAL - 8365

TARGET BANKNIFTY
Buy BankNifty Future above 8453 - 8535 - 8630 - 8750 SL - 8415
Sell BankNifty Future below 8408 - 8330 - 8215 - 8115 SL - 8449

INTRADAY TRADE
Reliance Industries: Buy above 711 for targets of 714, 719, 727 SL 706
Reliance Industries: Sell below 703 for targets of 700, 695, 685 SL 709
StcIndia: Buy above 228 for targets of 231, 236 SL 225
Educomp: Buy above 210 for targets of 213, 218 SL 205

SCORE SHEET
Pantaloonr: Buy above 142 for targets of 144, 148 SL 139: Target 153.25 achieved
DrReddy: Buy above 1605 for targets of 1622, 1644 SL 1592: Target 1615.85 achieved

POSITIONAL TRADE
Hindcopper: Buy above 310 for target of 323 SL 304 (2-3 Days)
Renuka: Buy above 28.7 for target of 31 SL 27.7 (1 Week)

Thanks and Regards

S&P Wealth Creators