Market outlook for 03/12/2012

Nifty closed up 54.85 points (0.94%) at 5879.85 while Nifty Future closed at 5909.05, premium of 29.20 points.
Bank Nifty closed up 166.10 points (1.38%) at 12158.90 while Future closed at 12200.90, premium of 42.00 points.

• FII bought in Cash (Net buy 1611.43 Crore)
• FII bought in index future, index option but sold in stock future (Net buy 2081.98 Crore)
• DII sold in Cash (Net sell 798.63 Crore)
• Most Active Nifty Call Option: 5900 and 6000.
• Most Active Nifty Put Options: 5900 and 5800.
• Advance Decline for the day was 940:586.

NIFTY TECHNICAL

Current Spot: 5879.85
Pivot: 5864
5DEMA: 5769
10DEMA: 5716
20DEMA: 5687
50DEMA: 5628
RSI (14 days): 72.26
Parabolic SAR: 5526
Supports: 5843 - 5807 - 5786
Resistance: 5901 - 5922 - 5958

Nifty Future VIX Range: 5858 - 5960
Nifty Future VWAP: 5899.97
MP Values Nifty Future: VAH - 5923, POC - 5907, VAL - 5891

TARGET NIFTY
Buy Nifty Future above 5923 - 5935 - 5955 - 5985 SL - 5898
Sell Nifty Future below 5891 - 5875 - 5850 - 5825 SL - 5908

BANKNIFTY TECHNICAL

Current Spot: 12158.90
Pivot: 12112
5DEMA: 11837
10DEMA: 11685
20DEMA: 11575
50DEMA: 11310
RSI (14 days): 72.41
Parabolic SAR: 11308
Supports: 12048 - 11938 - 11874
Resistance: 12222 - 1286 - 12397

Bank Nifty Future VIX Range: 12047 - 12355
Bank Nifty Future VWAP: 12156.67
MP Values Bank Nifty Future: VAH - 12230, POC - 12182, VAL - 12134

TARGET BANKNIFTY
Buy BankNifty Future above 12210 - 12255 - 12320 - 12400 SL - 11162
Sell BankNifty Future below 12134 - 12100 - 12020 - 11950 SL - 11183

INTRADAY TRADE
Reliance Industries: Buy above 801 for targets of 803, 807, 815 SL 795
Reliance Industries: Sell below 790 for targets of 788, 784, 776 SL 799
Jindalstel: Buy above 405 for targets of 410, 418 SL 398
Bhel: Buy above 235.5 for targets of 238, 242 SL 231

SCORE SHEET
Indiabulls: Buy above 255 for targets of 258, 265 SL 248: Target 270.00 done
SunTv: Buy above 410 for targets of 414, 424 SL 403: SL Hit

POSITIONAL TRADE
RelMedia: Buy above 97 for target of 107 SL 92 (2-3 Days)
RelInfra: Buy above 490 for target of 516 SL 478 (1 Week)

Thanks and Regards

S&P Wealth Creators