Market outlook for 08/12/11

Nifty closed up 23.45 points (0.47%) at 5062.60 while Nifty Future closed at 5086.10, premium of 23.50 points.
Bank Nifty closed up 2.50 points (0.03%) at 9176.25 while Future closed at 9199.30, premium of 23.05 points.

• FII bought in Cash (Net buy 135.56 Crore)
• FII bought in index future, index option but sold in stock future (Net buy 745.24 Crore)
• DII sold in Cash (Net sell 190.11 Crore)
• US futures are trading negative.
• Global cues are flat to negative.
• SGX nifty is negative as of now.
• Most Active Nifty Call Option: 5100 and 5200.
• Most Active Nifty Put Options: 5100 and 5000.
• Advance Decline for the day was 759:675.

NIFTY TECHNICAL

Current Spot: 5062.60
Pivot: 5065
5DEMA: 4994
10DEMA: 4950
20DEMA: 4963
50DEMA: 5015
RSI (14 days): 55.11
Parabolic SAR: 4716
Supports: 5030 - 4998 - 4963
Resistance: 5097 -5132 - 5164
CAM Support: 5056 - 5050 - 5044 - 5026
CAM Resistance: 5069 - 5075 - 5081 - 5099
NF VIX Range: 5005 - 5167

Nifty Future VWAP: 5103.52
MP Values Nifty Future: VAH - 5123, POC - 5105, VAL - 5087

TARGET NIFTY
Buy Nifty Future above 5096 - 5126 - 5165 - 5200 SL - 5084
Sell Nifty Future below 5078 - 5052 - 5015 - 4975 SL - 5094

BANKNIFTY TECHNICAL

Current Spot: 9176.25
Pivot: 9194
5DEMA: 9036
10DEMA: 8940
20DEMA: 9001
50DEMA: 9245
RSI (14 days): 52.86
Parabolic SAR: 8513
Supports: 9116 - 9055 - 8976
Resistance: 9255 - 9334 - 9395
CAM Support: 9163 - 9151 - 9138 - 9099
CAM Resistance: 9189 - 9201 - 9215 - 9253
Bank Nifty VIX Range: 9009 - 9390

Bank Nifty Future VWAP: 9238.68
MP Values Bank Nifty Future: VAH - 9274, POC - 9233, VAL - 9192

TARGET BANKNIFTY
Buy BankNifty Future above 9229 - 9280 - 9355 - 9425 SL - 9207
Sell BankNifty Future below 9186 - 9145 - 9085 - 9000 SL - 9226

INTRADAY TRADE
Reliance Industries: Buy above 815 for targets of 818, 823, 831 SL 809
Reliance Industries: Sell below 806 for targets of 803, 798, 790 SL 813
Raymond: Buy above 413 for targets of 417, 426 SL 402
Wipro: Buy above 406 for targets of 409, 416 SL 398

SCORE SHEET
IRB: Buy above 157 for targets of 158.50, 160 SL 154.5: Target 159.95 achieved
Jublifood: Buy above 859 for targets of 864, 875 SL 846: Call not activated

POSITIONAL TRADE
Sswl: Buy above 235 for target of 268 SL 223 (2-3 Days)
Sintex: Buy above 97 for target of 102 SL 95 (1 Week)

Thanks and Regards

S&P Wealth Creators