Market outlook for 05/12/2012

Nifty closed up 18.30 points (0.31%) at 5889.25 while Nifty Future closed at 5923.65, premium of 34.25 points.
Bank Nifty closed up 93.25 points (0.77%) at 12197.15 while Future closed at 12269.55, premium of 72.40 points.

• FII bought in Cash (Net buy 539.95 Crore)
• FII sold in index future, index option, stock future (Net sell 1030.74 Crore)
• DII sold in Cash (Net sell 434.10 Crore)
• Most Active Nifty Call Option: 5900 and 6000.
• Most Active Nifty Put Options: 5900 and 5800.
• Advance Decline for the day was 828:687.

NIFTY TECHNICAL

Current Spot: 5889.25
Pivot: 5881
5DEMA: 5832
10DEMA: 5771
20DEMA: 5722
50DEMA: 5649
RSI (14 days): 72.06
Parabolic SAR: 5603
Supports: 5867 - 5845 - 5831
Resistance: 5903 - 5917 - 5939

Nifty Future VIX Range: 5875 - 5972
Nifty Future VWAP: 5911.76
MP Values Nifty Future: VAH - 5922, POC - 5912, VAL - 5902

TARGET NIFTY
Buy Nifty Future above 5928 - 5935 - 5950 - 5970 SL - 5911
Sell Nifty Future below 5902 - 5895 - 5880 - 5865 SL - 5922

BANKNIFTY TECHNICAL

Current Spot: 12197.15
Pivot: 12163
5DEMA: 12016
10DEMA: 11840
20DEMA: 11680
50DEMA: 11379
RSI (14 days): 71.66
Parabolic SAR: 11411
Supports: 12110 - 12023 - 11971
Resistance: 12250 - 12302 - 12389

Bank Nifty Future VIX Range: 12122 - 12417
Bank Nifty Future VWAP: 12218.19
MP Values Bank Nifty Future: VAH - 12256, POC - 12207, VAL - 12158

TARGET BANKNIFTY
Buy BankNifty Future above 12279 - 12325 - 12385 - 12490 SL - 12207
Sell BankNifty Future below 12206 - 12170 - 12070 - 12000 SL - 12256

INTRADAY TRADE
Reliance Industries: Buy above 827 for targets of 830, 835, 845 SL 817
Reliance Industries: Sell below 815 for targets of 812, 807, 797 SL 821
Riil: Buy above 464 for targets of 470, 480 SL 456
Unionbank: Buy above 247 for targets of 249, 253 SL 243

SCORE SHEET
Pantaloonr: Buy above 231 for targets of 234, 240 SL 226: Target 235.85 done
Ktkbank: Buy above 185 for targets of 188, 193 SL 181.50: Target 187.70 done

POSITIONAL TRADE
Relcapital: Buy above 437 for target of 446 SL 430 (2-3 Days)
Crompgreav: Buy above 117 for target of 125 SL 114.5 (1 Week)

Thanks and Regards

S&P Wealth Creators