Market outlook for 30/11/2012

Nifty closed up 97.55 points (1.70%) at 5825.00 while Nifty Future closed at 5869.35, premium of 44.35 points.
Bank Nifty closed up 335.40 points (2.88%) at 11992.80 while Future closed at 12061.25, premium of 68.45 points.

• FII bought in Cash (Net buy 1579.97 Crore)
• FII bought in index future, index option but sold in stock future (Net buy 2745.31 Crore)
• DII sold in Cash (Net sell 896.22 Crore)
• Most Active Nifty Call Option: 5900 and 6000.
• Most Active Nifty Put Options: 5800 and 5700.
• Advance Decline for the day was 891:638.

NIFTY TECHNICAL

Current Spot: 5825.00
Pivot: 5798
5DEMA: 5714
10DEMA: 5680
20DEMA: 5667
50DEMA: 5621
RSI (14 days): 68.54
Parabolic SAR: 5494
Supports: 5763 - 5701 - 5666
Resistance: 5860 - 5896 - 5958

Nifty Future VIX Range: 5821 - 5917
Nifty Future VWAP: 5838.11
MP Values Nifty Future: VAH - 5874, POC - 5840, VAL - 5806

TARGET NIFTY
Buy Nifty Future above 5874 - 5910 - 5950 - 6000 SL - 5830
Sell Nifty Future below 5824 - 5795 - 5745 - 5700 SL - 5846

BANKNIFTY TECHNICAL

Current Spot: 11992.80
Pivot: 11910
5DEMA: 11676
10DEMA: 11579
20DEMA: 11514
50DEMA: 11280
RSI (14 days): 68.92
Parabolic SAR: 11272
Supports: 11786 - 11578 - 11453
Resistance: 12118 - 12243 - 12450

Bank Nifty Future VIX Range: 11913 - 12209
Bank Nifty Future VWAP: 11939.33
MP Values Bank Nifty Future: VAH - 12047, POC - 11933, VAL - 11819

TARGET BANKNIFTY
Buy BankNifty Future above 12070 - 12180 - 12300 - 12500 SL - 11966
Sell BankNifty Future below 11954 - 11870 - 11650 - 11540 SL - 11988

INTRADAY TRADE
Reliance Industries: Buy above 800 for targets of 803, 808, 815 SL 793
Reliance Industries: Sell below 791 for targets of 788, 783, 776 SL 797
Indiabulls: Buy above 255 for targets of 258, 265 SL 248
SunTv: Buy above 410 for targets of 414, 424 SL 403

SCORE SHEET
Hanung: Buy above 165 for targets of 168, 173 SL 158: Target 166.40 done
Aegischem: Buy above 186 for targets of 189, 194 SL 182: Target 188.65 done

POSITIONAL TRADE
Indusindbk: Buy above 419 for target of 435 SL 409 (2-3 Days)
Bomdyeing: Buy above 126 for target of 135 SL 122 (1 Week)

Thanks and Regards

S&P Wealth Creators