Tuesday, January 10, 2012

Market outlook for 11/01/12

Nifty closed up 106.75 points (2.25%) at 4849.55 while Nifty Future closed at 4870.30, premium of 20.75 points.
Bank Nifty closed up 253.70 points (2.99%) at 8735.05 while Future closed at 8759.95, premium of 24.90 points.
  • FII bought in Cash (Net buy 324.32 Crore)
  • FII bought huge in index future, stock future and index option (Net bought 1438.62 Crore)
  • DII sold in Cash (Net sell 115.11 Crore)
  • US market is trading flat to 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: 4800 and 4700.
  • Advance Decline for the day was 1232:238.
NIFTY TECHNICAL
Current Spot: 4849.55
Pivot: 4825
5DEMA: 4777
10DEMA: 4753
20DEMA: 4755
50DEMA: 4839
RSI (14 days): 56.53
Parabolic SAR: 4586
Supports: 4793 - 4737 - 4706
Resistance: 4881 - 4912 - 4969
CAM Support: 4842 - 4833 - 4825 - 4801
CAM Resistance: 4858 - 4866 - 4874 - 4898
NF VIX Range: 4799 - 4941
Nifty Future VWAP: 4836.00
MP Values Nifty Future: VAH - 4855, POC - 4829, VAL - 4803

TARGET NIFTY
Buy Nifty Future above 4874 - 4900 - 4935 - 4995 SL - 4839
Sell Nifty Future below 4735 - 4810 - 4750 - 4715 SL - 4848

BANKNIFTY TECHNICAL
Current Spot: 8735.05
Pivot: 8673
5DEMA: 8529
10DEMA: 8430
20DEMA: 8415
50DEMA: 8641
RSI (14 days): 58.68
Parabolic SAR: 8031
Supports: 8598 - 8460 - 8384
Resistance: 8811 - 8886 - 9024
CAM Support: 8716 - 8696 - 8676 - 8618
CAM Resistance: 8755 - 8774 - 8794 - 8852
Bank Nifty VIX Range: 8577 - 8943
Bank Nifty Future VWAP: 8663.24
MP Values Bank Nifty Future: VAH - 8725, POC - 8650, VAL - 8575

TARGET BANKNIFTY
Buy BankNifty Future above 8767 - 8850 - 8940 - 9100 SL - 8676
Sell BankNifty Future below 8667 - 8590 - 8415 - 8325 SL - 8698

INTRADAY TRADE
Reliance Industries: Buy above 738 for targets of 742, 748, 760 SL 727
Reliance Industries: Sell below 725 for targets of 721, 715, 703 SL 731
JswSteel: Buy above 635 for targets of 645, 666 SL 615
DLF: Buy above 186 for targets of 188, 191 SL 183

SCORE SHEET
StcIndia: Buy above 228 for targets of 231, 236 SL 225: Target 232.35 achieved
Educomp: Buy above 210 for targets of 213, 218 SL 205: Target 223.70 achieved

POSITIONAL TRADE
Relcapital: Buy above 283 for target of 297 SL 275 (2-3 Days)
RelMedia: Buy above 83 for target of 90 SL 81 (1 Week)

Thanks and Regards

S&P Wealth Creators