Market outlook for 24/01/12

Nifty closed down 2.35 points (0.05%) at 5046.25 while Nifty Future closed at 5051.05, premium of 4.80 points.
Bank Nifty closed up 3.45 points (0.04%) at 9520.30 while Future closed at 9534.35, premium of 14.05 points.

• FII sold small in Cash (Net sell 58.80 Crore)
• FII sold in index option but bought in index future and stock future (Net sell 299.43 Crore)
• DII sold in Cash (Net sell 438.48 Crore)
• US market are trading flat to positive.
• Global cues are flat.
• SGX nifty is flat as of now.
• Most Active Nifty Call Option: 5000 and 5100.
• Most Active Nifty Put Options: 5000 and 4900.
• Advance Decline for the day was 690:688.

NIFTY TECHNICAL

Current Spot: 5046.25
Pivot: 5042
5DEMA: 5002
10DEMA: 4942
20DEMA: 4877
50DEMA: 4875
RSI (14 days): 68.18
Parabolic SAR: 4897
Supports: 5025 - 5004 - 4987
Resistance: 5063 - 5081 - 5102
CAM Support: 5043 - 5039 - 5036 - 5025
CAM Resistance: 5050 - 5053 - 5057 - 5067
NF VIX Range: 4989 - 5113

Nifty Future VWAP: 5049.17
MP Values Nifty Future: VAH - 5056, POC - 5050, VAL - 5044

TARGET NIFTY
Buy Nifty Future above 5055 - 5062 - 5075 - 5090 SL - 5035
Sell Nifty Future below 5033 - 5027 - 5015 - 4990 SL - 5052

BANKNIFTY TECHNICAL

Current Spot: 9520.30
Pivot: 9561
5DEMA: 9305
10DEMA: 9095
20DEMA: 8863
50DEMA: 8818
RSI (14 days): 73.86
Parabolic SAR: 9069
Supports: 9463 - 9405 - 9307
Resistance: 9619 - 9717 - 9774
CAM Support: 9506 - 9492 - 9477 - 9435
CAM Resistance: 9535 - 9549 - 9563 - 9606
Bank Nifty VIX Range: 9357 - 9711

Bank Nifty Future VWAP: 9572.34
MP Values Bank Nifty Future: VAH - 9594, POC - 9541, VAL - 9488

TARGET BANKNIFTY
Buy BankNifty Future above 9562 - 9635 - 9740 - 9820 SL - 9522
Sell BankNifty Future below 9520 - 9455 - 9370 - 9265 SL - 9560

INTRADAY TRADE
Reliance Industries: Buy above 773 for targets of 777, 783, 795 SL 767
Reliance Industries: Sell below 765 for targets of 761, 755, 743 SL 771
Bhel: Buy above 284 for targets of 286, 290 SL 280
Bhartiartl: Buy above 353 for targets of 357, 363 SL 348

SCORE SHEET
Exideind: Buy above 126 for targets of 128, 132 SL 121: Target 129.00 achieved
Titan: Buy above 193 for targets of 195, 199 SL 189: Target 196.50 achieved

POSITIONAL TRADE
Ibrealest: Buy above 64.5 for target of 68.5 SL 62.5 (2-3 Days)
Suzlon: Buy above 25 for target of 28 SL 24 (1 Week)

Thanks and Regards

S&P Wealth Creators