Market outlook for 12/12/2012

Nifty closed down 10.10 points (0.17%) at 5898.80 while Nifty Future closed at 5928.40, premium of 29.60 points.
Bank Nifty closed down 37.05 points (0.30%) at 12344.60 while Future closed at 12417.00, premium of 72.40 points.

• FII bought in Cash (Net buy 1309.88 Crore)
• FII bought in index future, index option but sold in stock future (Net sold 376.53 Crore)
• DII sold in Cash (Net sell 1028.34 Crore)
• Most Active Nifty Call Option: 6000 and 6100.
• Most Active Nifty Put Options: 5900 and 5800.
• Advance Decline for the day was 476:1063.

NIFTY TECHNICAL

Current Spot: 5898.80
Pivot: 5910
5DEMA: 5897
10DEMA: 5858
20DEMA: 5796
50DEMA: 5706
RSI (14 days): 68.90
Parabolic SAR: 5802
Supports: 5854 - 5810 - 5755
Resistance: 5954 - 6010 - 6054

Nifty Future VIX Range: 5886 - 5971
Nifty Future VWAP: 5952.97
MP Values Nifty Future: VAH - 5972, POC - 5918, VAL - 5898

TARGET NIFTY
Buy Nifty Future above 5946 - 5975 - 6020 - 6075 SL - 5918
Sell Nifty Future below 5917 - 5895 - 5855 - 5805 SL - 5945

BANKNIFTY TECHNICAL

Current Spot: 12344.60
Pivot: 12374
5DEMA: 12316
10DEMA: 12171
20DEMA: 11948
50DEMA: 11567
RSI (14 days): 71.29
Parabolic SAR: 11876
Supports: 12209 - 12073 - 11908
Resistance: 12510 - 12675 - 12811

Bank Nifty Future VIX Range: 12281 - 12553
Bank Nifty Future VWAP: 12471.31
MP Values Bank Nifty Future: VAH - 12525, POC - 12389, VAL - 12311

TARGET BANKNIFTY
Buy BankNifty Future above 12460 - 12505 - 12585 - 12675 SL - 12389
Sell BankNifty Future below 12388 - 12311 - 12255 - 12180 SL - 12457

INTRADAY TRADE
Reliance Industries: Buy above 828 for targets of 832, 846 SL 822
Reliance Industries: Sell below 816 for targets of 812, 803 SL 826
Pel: Buy above 605 for targets of 615, 630 SL 589
Jetairways: Buy above 540 for targets of 546, 555 SL 531

SCORE SHEET
Relcapital: Buy above 460 for targets of 464, 469 SL 454: Target 465.00 done
Denabank: Buy above 122 for targets of 123, 125 SL 119.5: SL Hit

POSITIONAL TRADE
Ttkhealth: Buy above 570 for target of 610 SL 557 (2-3 Days)
Kalindee: Buy above 102.5 for target of 110 SL 101 (1 Week)

Thanks and Regards

S&P Wealth Creators