Market outlook for 04/12/2012

Nifty closed down 8.90 points (0.15%) at 5870.95 while Nifty Future closed at 5911.60, premium of 40.65 points.
Bank Nifty closed down 55.00 points (0.45%) at 12103.90 while Future closed at 12179.60, premium of 75.70 points.

• FII bought in Cash (Net buy 302.67 Crore)
• FII bought in index option but sold in index future, stock future (Net buy 218.60 Crore)
• DII sold in Cash (Net sell 335.94 Crore)
• Most Active Nifty Call Option: 5900 and 6000.
• Most Active Nifty Put Options: 5900 and 5800.
• Advance Decline for the day was 939:587.

NIFTY TECHNICAL

Current Spot: 5870.95
Pivot: 5875
5DEMA: 5803
10DEMA: 5744
20DEMA: 5705
50DEMA: 5638
RSI (14 days): 70.90
Parabolic SAR: 5563
Supports: 5851 - 5830 - 5806
Resistance: 5895 - 5919 - 5940

Nifty Future VIX Range: 5862 - 5961
Nifty Future VWAP: 5907.12
MP Values Nifty Future: VAH - 5915, POC - 5904, VAL - 5893

TARGET NIFTY
Buy Nifty Future above 5916 - 5930 - 5950 - 5980 SL - 5903
Sell Nifty Future below 5892 - 5875 - 5855 - 5835 SL - 5906

BANKNIFTY TECHNICAL

Current Spot: 12103.90
Pivot: 12108
5DEMA: 11926
10DEMA: 11761
20DEMA: 11625
50DEMA: 11341
RSI (14 days): 69.77
Parabolic SAR: 11360
Supports: 12050 - 11995 - 11937
Resistance: 12162 - 12220 - 12274

Bank Nifty Future VIX Range: 12030 - 12329
Bank Nifty Future VWAP: 12167.08
MP Values Bank Nifty Future: VAH - 12220, POC - 12159, VAL - 12003

TARGET BANKNIFTY Buy BankNifty Future above 12221 - 12255 - 12315 - 12390 SL - 12159
Sell BankNifty Future below 12155 - 12100 - 12030 - 11950 SL - 12220

INTRADAY TRADE
Reliance Industries: Buy above 806 for targets of 809, 815, 825 SL 798
Reliance Industries: Sell below 796 for targets of 793, 788, 778 SL 802
Pantaloonr: Buy above 231 for targets of 234, 240 SL 226
Ktkbank: Buy above 185 for targets of 188, 193 SL 181.50

SCORE SHEET
Jindalstel: Buy above 405 for targets of 410, 418 SL 398: Target 414.10 done
Bhel: Buy above 235.5 for targets of 238, 242 SL 231: Target 239.25 done

POSITIONAL TRADE
Adanient: Buy above 261 for target of 276 SL 253 (2-3 Days)
Dhanbank: Buy above 70 for target of 75 SL 67.7 (1 Week)

Thanks and Regards

S&P Wealth Creators