Market outlook for 31/01/12

Nifty closed down 117.40 points (2.26%) at 5087.30 while Nifty Future closed at 5112.10, premium of 24.80 points.
Bank Nifty closed down 276.55 points (2.82%) at 9537.10 while Future closed at 9549.55, premium of 12.45 points.

• FII sold in Cash (Net sell 201.71 Crore)
• FII sold in index future, stock future but bought in index option (Net sell 422.81 Crore)
• DII sold in Cash (Net sell 533.69 Crore)
• US market is trading flat to negative.
• Global cues are flat to negative.
• SGX nifty is flat to negative 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 401:1061.

NIFTY TECHNICAL

Current Spot: 5087.30
Pivot: 5110
5DEMA: 5111
10DEMA: 5052
20DEMA: 4965
50DEMA: 4931
RSI (14 days): 62.01
Parabolic SAR: 5072
Supports: 5054 - 5021 - 4965
Resistance: 5143 - 5200 - 5233
CAM Support: 5079 - 5071 - 5063 - 5038
CAM Resistance: 5095 - 5104 - 5112 - 5136
NF VIX Range: 5048 - 5176
Nifty Future VWAP: 5144.98
MP Values Nifty Future: VAH - 5162, POC - 5136, VAL - 5110

TARGET NIFTY
Buy Nifty Future above 5138 - 5165 - 5220 - 5254 SL - 5122
Sell Nifty Future below 5104 - 5081 - 5048 - 4992 SL - 5137

BANKNIFTY TECHNICAL

Current Spot: 9537.10
Pivot: 9596
5DEMA: 9629
10DEMA: 9448
20DEMA: 9156
50DEMA: 8984
RSI (14 days): 64.36
Parabolic SAR: 9509
Supports: 9450 - 9364 - 9218
Resistance: 9683 - 9828 - 9915
CAM Support: 9516 - 9495 - 9473 - 9409
CAM Resistance: 9558 - 9580 - 9601 - 9665
Bank Nifty VIX Range: 9368 - 9731
Bank Nifty Future VWAP: 9635.77
MP Values Bank Nifty Future: VAH - 9718, POC - 9661, VAL - 9604

TARGET BANKNIFTY
Buy BankNifty Future above 9613 - 9679 - 9813 - 9890 SL - 9589
Sell BankNifty Future below 9535 - 9476 - 9400 - 9270 SL - 9611

INTRADAY TRADE
Reliance Industries: Buy above 806 for targets of 810, 816, 828 SL 799
Reliance Industries: Sell below 791 for targets of 787, 781, 769 SL 804
Hindcopper: Buy above 301 for targets of 305, 315 SL 294
Jswsteel: Buy above 685 for targets of 693, 710 SL 673

SCORE SHEET
RelInfra: Buy above 532 for targets of 539, 550 SL 521: Target 541.00 achieved
TataMotors: Buy above 240 for targets of 243, 246 SL 237: Call not activated

POSITIONAL TRADE
Jindalswhl: Buy above 615 for target of 650 SL 590 (2-3 Days)
EssarOil: Buy above 63 for target of 69 SL 61.50 (1 Week)

Thanks and Regards

S&P Wealth Creators