Wednesday, December 12, 2012

Market outlook for 13/12/2012

Nifty closed down 10.80 points (0.18%) at 5888.00 while Nifty Future closed at 5928.25, premium of 40.25 points.
Bank Nifty closed down 42.90 points (0.35%) at 12301.70 while Future closed at 12400.45, premium of 98.75 points.
  • FII bought in Cash (Net buy 952.75 Crore)
  • FII sold in index future, index option and in stock future (Net sold 538.57 Crore)
  • DII sold in Cash (Net sell 365.07 Crore)
  • Most Active Nifty Call Option: 6000 and 6100.
  • Most Active Nifty Put Options: 5900 and 5800.
  • Advance Decline for the day was 639:859.
NIFTY TECHNICAL
Current Spot: 5888.00
Pivot: 5896
5DEMA: 5894
10DEMA: 5863
20DEMA: 5805
50DEMA: 5717
RSI (14 days): 66.81
Parabolic SAR: 5835
Supports: 5867 - 5845 - 5816
Resistance: 5917 - 5946 - 5967
Nifty Future VIX Range: 5887 - 5970
Nifty Future VWAP: 5938.07
MP Values Nifty Future: VAH - 5947, POC - 5936, VAL - 5925

TARGET NIFTY
Buy Nifty Future above 5947 - 5960 - 5980 - 6000 SL - 5935
Sell Nifty Future below 5921 - 5910 - 5891 - 5865 SL - 5939

BANKNIFTY TECHNICAL
Current Spot: 12301.70
Pivot: 12320
5DEMA: 12312
10DEMA: 12194
20DEMA: 11982
50DEMA: 11600
RSI (14 days): 68.90
Parabolic SAR: 11969
Supports: 12254 - 12205 - 12139
Resistance: 12368 - 12434 - 12482
Bank Nifty Future VIX Range: 12269 - 12532
Bank Nifty Future VWAP: 12418.35
MP Values Bank Nifty Future: VAH - 12449, POC - 12414, VAL - 12379

TARGET BANKNIFTY
Buy BankNifty Future above 12450 - 12485 - 12535 - 12590 SL - 12410
Sell BankNifty Future below 12379 - 12350 - 12300 - 12225 SL - 12420

INTRADAY TRADE
Reliance Industries: Buy above 835 for targets of 839, 845 SL 827
Reliance Industries: Sell below 825 for targets of 821, 816 SL 831
Titan: Buy above 306 for targets of 309, 312 SL 300
Relcapital: Buy above 474 for targets of 478, 488 SL 466

SCORE SHEET
Pel: Buy above 605 for targets of 615, 630 SL 589: SL Hit
Jetairways: Buy above 540 for targets of 546, 555 SL 531: Target 565 done

POSITIONAL TRADE
Essdee: Buy above 320 for target of 332 SL 316 (2-3 Days)
Adhunik: Buy above 44 for target of 49 SL 42 (1 Week)

Thanks and Regards

S&P Wealth Creators

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