Market outlook for 12/09/2012

Nifty closed up 26.55 points (0.50%) at 5390.00 while Nifty Future closed at 5405.35, premium of 15.35 points.
Bank Nifty closed up 66.05 points (0.66%) at 10135.90 while Future closed at 10157.50, premium of 21.60 points.

• FII bought in Cash (Net buy 423.59 Crore)
• FII bought in index future, index option and in stock future (Net buy 770.77 Crore)
• DII sold in Cash (Net sell 365.80 Crore)
• Most Active Nifty Call Option: 5400 and 5500.
• Most Active Nifty Put Options: 5400 and 5300.
• Advance Decline for the day was 812:658.

NIFTY TECHNICAL

Current Spot: 5390.00
Pivot: 5372
5DEMA: 5348
10DEMA: 5329
20DEMA: 5317
50DEMA: 5272
RSI (14 days): 60.55
Parabolic SAR: 5235
Supports: 5350 - 5311 - 5289
Resistance: 5412 - 5433 - 5473

Nifty Future VIX Range: 5364 - 5447
Nifty Future VWAP: 5383.92
MP Values Nifty Future: VAH - 5408, POC - 5389, VAL - 5370

TARGET NIFTY
Buy Nifty Future above 5408 - 5429 - 5450 - 5490 SL - 5389
Sell Nifty Future below 5370 - 5355 - 5325 - 5300 SL - 5389

BANKNIFTY TECHNICAL

Current Spot: 10135.90
Pivot: 10099
5DEMA: 10083
10DEMA: 10082
20DEMA: 10146
50DEMA: 10220
RSI (14 days): 48.00
Parabolic SAR: 9836
Supports: 10044 - 9951 - 9896
Resistance: 10191 - 10247 - 10339

Bank Nifty Future VIX Range: 10049 - 10266
Bank Nifty Future VWAP: 10106.69
MP Values Bank Nifty Future: VAH - 10168, POC - 10125, VAL - 10082

TARGET BANKNIFTY
Buy BankNifty Future above 10168 - 10205 - 10260 - 10350 SL - 10125
Sell BankNifty Future below 10082 - 10040 - 9980 - 9925 SL - 10125

INTRADAY TRADE
Reliance Industries: Buy above 793 for targets of 795, 800, 807 SL 788
Reliance Industries: Sell below 786 for targets of 784, 779, 772 SL 792
CenturyTex: Buy above 348 for targets of 351, 356 SL 343
Godrejind: Buy above 282 for targets of 285, 290 SL 278

SCORE SHEET
TataSteel: Buy above 381 for targets of 384, 388 SL 375: Call not active
NMDC: Buy above 193 for targets of 195, 200 SL 190: Call not active

POSITIONAL TRADE
Adanient: Buy above 180 for target of 189 SL 176 (2-3 Days)
Optocircui: Buy above 140 for target of 148 SL 135 (1 Week)

Thanks and Regards

S&P Wealth Creators