Market outlook for 07/12/2012

Nifty closed up 30.40 points (0.52%) at 5930.90 while Nifty Future closed at 5970.65, premium of 39.75 points.
Bank Nifty closed up 145.95 points (1.19%) at 12427.55 while Future closed at 12515.25, premium of 87.70 points.

• FII bought in Cash (Net buy 838.14 Crore)
• FII sold in index future, index option, stock future (Net sell 773.25 Crore)
• DII sold in Cash (Net sell 662.74 Crore)
• Most Active Nifty Call Option: 5900 and 6000.
• Most Active Nifty Put Options: 5900 and 5800.
• Advance Decline for the day was 840:671.

NIFTY TECHNICAL

Current Spot: 5930.90
Pivot: 5904
5DEMA: 5880
10DEMA: 5819
20DEMA: 5758
50DEMA: 5667
RSI (14 days): 74.93
Parabolic SAR: 5683
Supports: 5866 - 5800 - 5762
Resistance: 5969 - 6008 - 6073

Nifty Future VIX Range: 5924 - 6017
Nifty Future VWAP: 5920.38
MP Values Nifty Future: VAH - 5981, POC - 5942, VAL - 5903

TARGET NIFTY
Buy Nifty Future above 5981 - 6000 - 6045 - 6100 SL - 5942
Sell Nifty Future below 5935 - 5905 - 5850 - 5800 SL - 5945

BANKNIFTY TECHNICAL

Current Spot: 12427.55
Pivot: 12350
5DEMA: 12212
10DEMA: 12013
20DEMA: 11803
50DEMA: 11444
RSI (14 days): 76.17
Parabolic SAR: 11583
Supports: 12220 - 12012 - 11882
Resistance: 12558 - 12688 - 12896

Bank Nifty Future VIX Range: 12367 - 12663
Bank Nifty Future VWAP: 12360.26
MP Values Bank Nifty Future: VAH - 12448, POC - 12274, VAL - 12213

TARGET BANKNIFTY
Buy BankNifty Future above 12525 - 12650 - 12785 - 12950 SL - 12445
Sell BankNifty Future below 12425 - 12350 - 12215 - 12100 SL - 12450

INTRADAY TRADE
Reliance Industries: Buy above 846 for targets of 849, 855, 865 SL 836
Reliance Industries: Sell below 834 for targets of 831, 825, 815 SL 839
Adanient: Buy above 264 for targets of 268, 274 SL 259
CenturyTex: Buy above 440 for targets of 444, 450 SL 435

SCORE SHEET
Albk: Buy above 156 for targets of 158, 161 SL 153: Target 160.20 done
Mothersumi: Buy above 180 for targets of 182, 186 SL 177: Target 185.90 done

POSITIONAL TRADE
IndiaBulls: Buy above 273 for target of 286 SL 267 (2-3 Days)
Purva: Buy above 101 for target of 108 SL 98 (1 Week)

Thanks and Regards

S&P Wealth Creators