Market outlook for 09/12/10

Nifty closed down 72.85 points (1.22%) at 5903.70 while Nifty December Future closed at 5923.95 premium of 20.25 points
Bank Nifty closed down 235.10 points (2.01%) at 11460.20 while December Future closed at 11524.05 premium of 63.85 points.

• FII sold huge in Cash (Net sell 1484.90 Crore)
• FII sold in index future, stock future but bought in index option (Net sell 1031.86 Crore)
• DII bought in Cash (Net buy 409.05 Crore)
• US market is trading flat.
• Global cues are flat to negative.
• SGX nifty is flat as of now.
• Most Active Nifty December Call Option: 6000 and 6100.
• Most Active Nifty December Put Options: 5900 and 5800.
• Advance Decline for the day was 154:1239

NIFTY TECHNICAL

Current Spot: 5903.70
Pivot: 5914
5DEMA: 5947
10DEMA: 5947
20DEMA: 5973
50DEMA: 5983
RSI (7 days): 41.83
Parabolic SAR: 5765
Supports: 5868 - 5833
Resistance: 5950 - 5996

Nifty Future VWAP: 5929.90
Bank Nifty Future VWAP: 11555.77
MP Values Spot (Price Profile): VAH - 5924, POC - 5904, VAL - 5884
MP Values Futures: VAH - 5941, POC - 5925, VAL - 5913
MP Values Bank Nifty Futures: VAH - 11590, POC - 11534, VAL - 11512

TARGET NIFTY
Buy Nifty Future above 5939 - 5972 - 6022 - 6062 SL - 5931
Sell Nifty Future below 5915 - 5887 - 5847 - 5796 SL - 5937

INTRADAY TRADE
Reliance Industries: Buy above 1023 for targets of 1026, 1031, 1037 SL 1017
Reliance Industries: Sell below 1015 for targets of 1013, 1009, 1003 SL 1022
Hindpetro: Buy above 412 for targets of 416, 424 SL 407
Ranbaxy: Buy above 569 for targets of 571, 576 SL 564

SCORE SHEET
Hanung: Buy above 235 for targets of 239, 244 SL 229: Call not activated
Hindalco: Buy above 227.5 for targets of 229, 232 SL 225: Call not activated

POSITIONAL TRADE
Bergerpaint: Buy above 95 for target of 101 SL 93 (2-3 Days)
Amtekauto: Buy above 141 for target of 153 SL 135 (One Week)

Use strict STOP LOSS in each and every trade in this kind of volatile market and Trade at your own risk.

Thanks and Regards

S&P Wealth Creators