Market outlook for 06/12/2012

Nifty closed up 11.25 points (0.19%) at 5900.50 while Nifty Future closed at 5940.45, premium of 39.95 points.
Bank Nifty closed up 84.45 points (0.69%) at 12281.60 while Future closed at 12350.65, premium of 69.05 points.

• FII bought in Cash (Net buy 878.57 Crore)
• FII sold in index future, index option, stock future (Net sell 427.15 Crore)
• DII sold in Cash (Net sell 639.78 Crore)
• Most Active Nifty Call Option: 6000 and 6100.
• Most Active Nifty Put Options: 5900 and 5800.
• Advance Decline for the day was 894:626.

NIFTY TECHNICAL

Current Spot: 5900.50
Pivot: 5903
5DEMA: 5855
10DEMA: 5794
20DEMA: 5739
50DEMA: 5655
RSI (14 days): 73.05
Parabolic SAR: 5641
Supports: 5889 - 5877 - 5862
Resistance: 5915 - 5930 - 5942

Nifty Future VIX Range: 5893 - 5988
Nifty Future VWAP: 5944.96
MP Values Nifty Future: VAH - 5952, POC - 5944, VAL - 5936

TARGET NIFTY
Buy Nifty Future above 5947 - 5955 - 5970 - 5985 SL - 5936
Sell Nifty Future below 5935 - 5925 - 5915 - 5900 SL - 5945

BANKNIFTY TECHNICAL

Current Spot: 12281.60
Pivot: 12272
5DEMA: 12105
10DEMA: 11921
20DEMA: 11737
50DEMA: 11398
RSI (14 days): 73.61
Parabolic SAR: 11484
Supports: 12229 - 12176 - 12134
Resistance: 12325 - 12367 - 12420

Bank Nifty Future VIX Range: 12206 - 12496
Bank Nifty Future VWAP: 12347.65
MP Values Bank Nifty Future: VAH - 12373, POC - 12348, VAL - 12323

TARGET BANKNIFTY
Buy BankNifty Future above 12360 - 12400 - 12455 - 12520 SL - 12330
Sell BankNifty Future below 12323 - 12290 - 12230 - 12180 SL - 12350

INTRADAY TRADE
Reliance Industries: Buy above 835 for targets of 838, 844, 853 SL 828
Reliance Industries: Sell below 826 for targets of 823, 817, 808 SL 832
Albk: Buy above 156 for targets of 158, 161 SL 153
Mothersumi: Buy above 180 for targets of 182, 186 SL 177

SCORE SHEET
Riil: Buy above 464 for targets of 470, 480 SL 456: Target 472.15 done
Unionbank: Buy above 247 for targets of 249, 253 SL 243: Target 249.00 done

POSITIONAL TRADE
Ster: Buy above 113.5 for target of 116.5 SL 111 (2-3 Days)
Ibrealest: Buy above 75.5 for target of 80 SL 73.5 (1 Week)

Thanks and Regards

S&P Wealth Creators