Market outlook for 30/01/12

Nifty closed up 46.40 points (0.90%) at 5204.70 while Nifty Future closed at 5212.80, premium of 8.10 points.
Bank Nifty closed down 42.95 points (0.44%) at 9813.65 while Future closed at 9793.95, discount of 19.70 points.

• FII bought huge in Cash (Net buy 1240.16 Crore)
• FII bought in index future, index option and stock future (Net buy 1179.20 Crore)
• DII sold in Cash (Net sell 708.46 Crore)
• US market ended flat to negative.
• Global cues are flat to negative.
• SGX nifty is negative as of now.
• Most Active Nifty Call Option: 5200 and 5300.
• Most Active Nifty Put Options: 5200 and 5100.
• Advance Decline for the day was 966:491.

NIFTY TECHNICAL

Current Spot: 5204.70
Pivot: 5195
5DEMA: 5123
10DEMA: 5044
20DEMA: 4953
50DEMA: 4928
RSI (14 days): 75.49
Parabolic SAR: 4992
Supports: 5172 - 5140 - 5118
Resistance: 5227 - 5249 - 5282
CAM Support: 5200 - 5195 - 5190 - 5175
CAM Resistance: 5210 - 5215 - 5220 - 5235
NF VIX Range: 5150 - 5275

Nifty Future VWAP: 5198.90
MP Values Nifty Future: VAH - 5210, POC - 5197, VAL - 5184

TARGET NIFTY
Buy Nifty Future above 5217 - 5232 - 5254 - 5285 SL - 5199
Sell Nifty Future below 5195 - 5184 - 5152 - 5130 SL - 5209

BANKNIFTY TECHNICAL

Current Spot: 9813.65
Pivot: 9828
5DEMA: 9675
10DEMA: 9429
20DEMA: 9115
50DEMA: 8955
RSI (14 days): 76.31
Parabolic SAR: 9487
Supports: 9687 - 9560 - 9419
Resistance: 9955 - 10096 - 10223
CAM Support: 9789 - 9765 - 9740 - 9666
CAM Resistance: 9838 - 9863 - 9887 - 9961
Bank Nifty VIX Range: 9613 - 9975

Bank Nifty Future VWAP: 9768.93
MP Values Bank Nifty Future: VAH - 9831, POC - 9781, VAL - 9731

TARGET BANKNIFTY
Buy BankNifty Future above 9813 - 9930 - 10070 - 10200 SL - 9789
Sell BankNifty Future below 9779 - 9669 - 9540 - 9400 SL - 9810

INTRADAY TRADE
Reliance Industries: Buy above 822 for targets of 826, 832, 844 SL 814
Reliance Industries: Sell below 812 for targets of 808, 802, 790 SL 818
RelInfra: Buy above 532 for targets of 539, 550 SL 521
TataMotors: Buy above 240 for targets of 243, 246 SL 237

SCORE SHEET
Bpcl: Buy above 581 for targets of 589, 600 SL 574: Target 587.30 achieved
SesaGoa: Buy above 201 for targets of 203, 207 SL 197: Target 215.90 achieved

POSITIONAL TRADE
Ster: Buy above 121 for target of 125 SL 119 (2-3 Days)
Fortis: Buy above 106 for target of 113 SL 103 (1 Week)

Thanks and Regards

S&P Wealth Creators