Market outlook for 12/07/2012

Nifty closed down 39.05 points (0.73%) at 5306.30 while Nifty Future closed at 5322.90, premium of 16.60 points.
Bank Nifty closed down 38.25 points (0.36%) at 10713.30 while Future closed at 10733.90, premium of 20.60 points.

• FII bought in Cash (Net buy 84.42 Crore)
• FII sold in index future, stock future but bought in index option (Net sell 352.46 Crore)
• DII sold in Cash (Net sell 356.85 Crore)
• Most Active Nifty Call Option: 5300 and 5400.
• Most Active Nifty Put Options: 5300 and 5200.
• Advance Decline for the day was 547:942.

NIFTY TECHNICAL

Current Spot: 5306.30
Pivot: 5314
5DEMA: 5307
10DEMA: 5277
20DEMA: 5216
50DEMA: 5144
RSI (14 days): 62.84
Parabolic SAR: 5260
Supports: 5292 - 5278 - 5256
Resistance: 5328 - 5351 - 5365
CAM Support: 5303 - 5300 - 5296 - 5286
CAM Resistance: 5310 - 5313 - 5316 - 5326
Nifty Future VIX Range: 5267 - 5379

Nifty Future VWAP: 5331.36
MP Values Nifty Future: VAH - 5343, POC - 5334, VAL - 5325

TARGET NIFTY
Buy Nifty Future above 5333 - 5345 - 5465 - 5480 SL - 5322
Sell Nifty Future below 5315 - 5305 - 5290 - 5270 SL - 5332

BANKNIFTY TECHNICAL

Current Spot: 10713.30
Pivot: 10730
5DEMA: 10648
10DEMA: 10515
20DEMA: 10306
50DEMA: 10074
RSI (14 days): 69.01
Parabolic SAR: 10539
Supports: 10677 - 10640 - 10587
Resistance: 10766 - 10819 - 10856
CAM Support: 10705 - 10697 - 10689 - 10664
CAM Resistance: 10722 - 10730 - 10738 - 10763
Bank Nifty Future VIX Range: 10577 - 10891

Bank Nifty Future VWAP: 10746.92
MP Values Bank Nifty Future: VAH - 10766, POC - 10745, VAL - 10724

TARGET BANKNIFTY
Buy BankNifty Future above 10746 - 10780 - 10830 - 10875 SL - 10721
Sell BankNifty Future below 10718 - 10695 - 10650 - 10595 SL - 10743

INTRADAY TRADE
Reliance Industries: Buy above 732 for targets of 734, 737, 743 SL 726
Reliance Industries: Sell below 722 for targets of 720, 717, 710 SL 730
Onelifecap: Buy above 466 for targets of 471, 486 SL 455
IndiaBulls: Buy above 252 for targets of 255, 260 SL 249

SCORE SHEET
Gmdcltd: Buy above 195.5 for targets of 197.5, 200 SL 192.5: Target 198.80 done
RelInfra: Buy above 572 for targets of 577, 585 SL 563: Call not active

POSITIONAL TRADE
Ktkbank: Buy above 103 for target of 108 SL 101 (2-3 Days)
Prakash: Buy above 61.5 for target of 66 SL 60.50 (1 Week)

Thanks and Regards

S&P Wealth Creators