Market outlook for 13/09/2012

Nifty closed up 41.00 points (0.76%) at 5431.00 while Nifty Future closed at 5446.95, premium of 15.95 points.
Bank Nifty closed up 47.55 points (0.47%) at 10183.45 while Future closed at 10216.90, premium of 33.45 points.

• FII bought in Cash (Net buy 451.19 Crore)
• FII bought in index future, index option but sold in stock future (Net buy 820.73 Crore)
• DII sold in Cash (Net sell 55.76 Crore)
• Most Active Nifty Call Option: 5400 and 5500.
• Most Active Nifty Put Options: 5400 and 5300.
• Advance Decline for the day was 864:617.

NIFTY TECHNICAL

Current Spot: 5431.00
Pivot: 5420
5DEMA: 5376
10DEMA: 5348
20DEMA: 5328
50DEMA: 5283
RSI (14 days): 64.17
Parabolic SAR: 5251
Supports: 5405 - 5379 - 5363
Resistance: 5446 - 5462 - 5488

Nifty Future VIX Range: 5405 - 5489
Nifty Future VWAP: 5427.68
MP Values Nifty Future: VAH - 5438, POC - 5425, VAL - 5412

TARGET NIFTY
Buy Nifty Future above 5451 - 5463 - 5480 - 5505 SL - 5436
Sell Nifty Future below 5424 - 5412 - 5390 - 5370 SL - 5438

BANKNIFTY TECHNICAL

Current Spot: 10183.45
Pivot: 10172
5DEMA: 10117
10DEMA: 10100
20DEMA: 10150
50DEMA: 10230
RSI (14 days): 49.97
Parabolic SAR: 9851
Supports: 10121 - 10058 - 10006
Resistance: 10235 - 10287 - 10349

Bank Nifty Future VIX Range: 10110 - 10323
Bank Nifty Future VWAP: 10199.27
MP Values Bank Nifty Future: VAH - 10245, POC - 10218, VAL - 10169

TARGET BANKNIFTY
Buy BankNifty Future above 10245 - 10270 - 10310 - 10380 SL - 10218
Sell BankNifty Future below 10169 - 10140 - 10080 - 10030 SL - 10200

INTRADAY TRADE
Reliance Industries: Buy above 800 for targets of 802, 805, 810 SL 794
Reliance Industries: Sell below 793 for targets of 791, 788, 783 SL 798
Onelifecap: Buy above 705 for targets of 712, 726 SL 688
Niittech: Buy above 316 for targets of 320, 328 SL 308

SCORE SHEET
CenturyTex: Buy above 348 for targets of 351, 356 SL 343: Call not active
Godrejind: Buy above 282 for targets of 285, 290 SL 278: SL Hit

POSITIONAL TRADE
Techm: Buy above 930 for target of 955 SL 915 (2-3 Days)
Deltacorp: Buy above 65 for target of 70 SL 63.5 (1 Week)

Thanks and Regards

S&P Wealth Creators