Market outlook for 12/01/12

Nifty closed up 11.40 points (0.24%) at 4860.95 while Nifty Future closed at 4872.35, premium of 11.40 points.
Bank Nifty closed up 104.65 points (1.20%) at 8839.70 while Future closed at 8855.85, premium of 16.15 points.

• FII bought in Cash (Net buy 431.31 Crore)
• FII bought huge in index future, stock future and index option (Net bought 496.35 Crore)
• DII sold in Cash (Net sell 182.18 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: 4900 and 5000.
• Most Active Nifty Put Options: 4800 and 4700.
• Advance Decline for the day was 1014:453.

NIFTY TECHNICAL

Current Spot: 4860.95
Pivot: 4860
5DEMA: 4805
10DEMA: 4772
20DEMA: 4765
50DEMA: 4833
RSI (14 days): 57.37
Parabolic SAR: 4598
Supports: 4843 - 4824 - 4807
Resistance: 4878 - 4896 - 4914
CAM Support: 4858 - 4854 - 4851 - 4841
CAM Resistance: 4864 - 4867 - 4871 - 4881
NF VIX Range: 4803 - 4941

Nifty Future VWAP: 4867.72
MP Values Nifty Future: VAH - 4876, POC - 4867, VAL - 4858

TARGET NIFTY
Buy Nifty Future above 4876 - 4900 - 4935 - 4985 SL - 4853
Sell Nifty Future below 4848 - 4824 - 4774 - 4740 SL - 4868

BANKNIFTY TECHNICAL

Current Spot: 8839.70
Pivot: 8812
5DEMA: 8632
10DEMA: 8504
20DEMA: 8456
50DEMA: 8650
RSI (14 days): 61.21
Parabolic SAR: 8114
Supports: 8764 - 8689 - 8642
Resistance: 8887 - 8934 - 9010
CAM Support: 8828 - 8817 - 8806 - 8772
CAM Resistance: 8851 - 8862 - 8873 - 8907
Bank Nifty VIX Range: 8675 - 9037

Bank Nifty Future VWAP: 8798.97
MP Values Bank Nifty Future: VAH - 8829, POC - 8790, VAL - 8751

TARGET BANKNIFTY
Buy BankNifty Future above 8862 - 8910 - 8970 - 9065 SL - 8817
Sell BankNifty Future below 8809 - 8770 - 8675 - 8615 SL - 8836

INTRADAY TRADE
Reliance Industries: Buy above 750 for targets of 754, 760, 770 SL 742
Reliance Industries: Sell below 741 for targets of 737, 731, 721 SL 747
SesaGoa: Buy above 178 for targets of 180, 184 SL 174
JetAirways: Buy above 205 for targets of 208, 214 SL 202

SCORE SHEET
JswSteel: Buy above 635 for targets of 645, 666 SL 615: Target 647.90 achieved
DLF: Buy above 186 for targets of 188, 191 SL 183: Target 194.60 achieved

POSITIONAL TRADE
Adanient: Buy above 315 for target of 345 SL 306 (2-3 Days)
Hindalco: Buy above 131 for target of 140 SL 128 (1 Week)

Thanks and Regards

S&P Wealth Creators