Market outlook for 27/01/12

Nifty closed up 30.95 points (0.60%) at 5158.30 while Nifty Future closed at 5181.55, premium of 23.25 points.
Bank Nifty closed up 22.60 points (0.23%) at 9856.60 while Future closed at 9840.65, discount of 15.95 points.

• FII bought huge in Cash (Net buy 1147.01 Crore)
• FII bought in index option, stock future but sold in index future (Net buy 1013.47 Crore)
• DII sold in Cash (Net sell 712.00 Crore)
• US market are trading positive.
• Global cues are positive.
• SGX nifty is positive as of now.
• Most Active Nifty Call Option: 5200 and 5300.
• Most Active Nifty Put Options: 5100 and 5000.
• Advance Decline for the day was 963:487.

NIFTY TECHNICAL

Current Spot: 5158.30
Pivot: 5154
5DEMA: 5082
10DEMA: 5009
20DEMA: 4926
50DEMA: 4903
RSI (14 days): 73.71
Parabolic SAR: 4936
Supports: 5134 - 5110 - 5090
Resistance: 5178 - 5198 - 5222
CAM Support: 5154 - 5150 - 5146 - 5134
CAM Resistance: 5162 - 5166 - 5170 - 5182
NF VIX Range: 5119 - 5244

Nifty Future VWAP: 5177.23
MP Values Nifty Future: VAH - 5190, POC - 5178, VAL - 5166

TARGET NIFTY
Buy Nifty Future above 5165 - 5180 - 5200 - 5230 SL - 5149
Sell Nifty Future below 5148 - 5138 - 5112 - 5090 SL - 5159

BANKNIFTY TECHNICAL

Current Spot: 9856.60
Pivot: 9842
5DEMA: 9606
10DEMA: 9343
20DEMA: 9041
50DEMA: 8889
RSI (14 days): 78.62
Parabolic SAR: 9367
Supports: 9778 - 9699 - 9635
Resistance: 9921 - 9985 - 10064
CAM Support: 9843 - 9830 - 9817 - 9778
CAM Resistance: 9870 - 9883 - 9896 - 9935
Bank Nifty VIX Range: 9654 - 10027

Bank Nifty Future VWAP: 9848.52
MP Values Bank Nifty Future: VAH - 9881, POC - 9850, VAL - 9819

TARGET BANKNIFTY
Buy BankNifty Future above 9863 - 9924 - 9996 - 10080 SL - 9829
Sell BankNifty Future below 9824 - 9770 - 9690 - 9620 SL - 9853

INTRADAY TRADE
Reliance Industries: Buy above 793 for targets of 796, 800, 808 SL 788
Reliance Industries: Sell below 786 for targets of 783, 779, 771 SL 792
Bpcl: Buy above 581 for targets of 589, 600 SL 574
SesaGoa: Buy above 201 for targets of 203, 207 SL 197

SCORE SHEET
Lichsgfin: Buy above 260 for targets of 263, 270 SL 251: Target 263.50 achieved
Relcapital: Buy above 340 for targets of 344, 352 SL 336: Target 349.30 achieved

POSITIONAL TRADE
Videoind: Buy above 187 for target of 196 SL 184 (2-3 Days)
Nationalum: Buy above 57 for target of 63 SL 55 (1 Week)

Thanks and Regards

S&P Wealth Creators