Market outlook for 13/01/12

Nifty closed down 29.70 points (0.61%) at 4831.25 while Nifty Future closed at 4852.20, premium of 20.95 points.
Bank Nifty closed up 90.55 points (1.02%) at 8930.25 while Future closed at 8957.70, premium of 27.45 points.

• FII bought in Cash (Net buy 506.80 Crore)
• FII bought huge in index option, stock future but sold in index future (Net buy 677.84 Crore)
• DII sold in huge in Cash (Net sell 996.91 Crore)
• US market is trading flat to negative.
• Global cues are flat.
• 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 724:725.

NIFTY TECHNICAL

Current Spot: 4831.25
Pivot: 4835
5DEMA: 4814
10DEMA: 4783
20DEMA: 4772
50DEMA: 4843
RSI (14 days): 54.35
Parabolic SAR: 4614
Supports: 4800 - 4769 - 4735
Resistance: 4866 - 4900 - 4931
CAM Support: 4825 - 4819 - 4813 - 4795
CAM Resistance: 4837 - 4843 - 4849 - 4867
NF VIX Range: 4785 - 4919

Nifty Future VWAP: 4851.59
MP Values Nifty Future: VAH - 4866, POC - 4854, VAL - 4842

TARGET NIFTY
Buy Nifty Future above 4856 - 4885 - 4920 - 4955 SL - 4847
Sell Nifty Future below 4845 - 4820 - 4785 - 4750 SL - 4855

BANKNIFTY TECHNICAL

Current Spot: 8930.25
Pivot: 8925
5DEMA: 8732
10DEMA: 8582
20DEMA: 8502
50DEMA: 8684
RSI (14 days): 63.12
Parabolic SAR: 8222
Supports: 8835 - 8740 - 8650
Resistance: 9020 - 9110 - 9205
CAM Support: 8913 - 8896 - 8879 - 8829
CAM Resistance: 8947 - 8964 - 8981 - 9032
Bank Nifty VIX Range: 8778 - 9137

Bank Nifty Future VWAP: 8950.86
MP Values Bank Nifty Future: VAH - 8993, POC - 8934, VAL - 8875

TARGET BANKNIFTY
Buy BankNifty Future above 8965 - 9065 - 9170 - 9300 SL - 8926
Sell BankNifty Future below 8920 - 8830 - 8700 - 8580 SL - 8955

INTRADAY TRADE
Reliance Industries: Buy above 745 for targets of 748, 756, 766 SL 739
Reliance Industries: Sell below 736 for targets of 733, 728, 718 SL 743
Havells: Buy above 442 for targets of 448, 458 SL 430
PFC: Buy above 154 for targets of 156, 159 SL 152.5

SCORE SHEET
SesaGoa: Buy above 178 for targets of 180, 184 SL 174: Target 187.60 achieved
JetAirways: Buy above 205 for targets of 208, 214 SL 202: Target 212.50 achieved

POSITIONAL TRADE
Recltd: Buy above 170 for target of 176 SL 167 (2-3 Days)
Crompgreav: Buy above 140 for target of 149 SL 137 (1 Week)

Thanks and Regards

S&P Wealth Creators