Market outlook for 14/12/2012

Nifty closed down 36.50 points (0.62%) at 5851.50 while Nifty Future closed at 5876.45, premium of 24.95 points.
Bank Nifty closed down 32.55 points (0.26%) at 12269.15 while Future closed at 12341.60, premium of 72.45 points.

• FII bought in Cash (Net buy 1256.57 Crore)
• FII sold in index future, index option and in stock future (Net sell 1206.52 Crore)
• DII sold in Cash (Net sell 665.67 Crore)
• Most Active Nifty Call Option: 6000 and 6100.
• Most Active Nifty Put Options: 5900 and 5800.
• Advance Decline for the day was 444:1097.

NIFTY TECHNICAL

Current Spot: 5851.50
Pivot: 5867
5DEMA: 5880
10DEMA: 5861
20DEMA: 5809
50DEMA: 5722
RSI (14 days): 60.40
Parabolic SAR: 5841
Supports: 5826 - 5801 - 5760
Resistance: 5892 - 5933 - 5958

Nifty Future VIX Range: 5835 - 5918
Nifty Future VWAP: 5902.04
MP Values Nifty Future: VAH - 5939, POC - 5930, VAL - 5886

TARGET NIFTY
Buy Nifty Future above 5895 - 5915 - 5945 - 5980 SL - 5885
Sell Nifty Future below 5868 - 5955 - 5825 - 5795 SL - 5887

BANKNIFTY TECHNICAL

Current Spot: 12269.15
Pivot: 12320
5DEMA: 12297
10DEMA: 12208
20DEMA: 12009
50DEMA: 11628
RSI (14 days): 67.12
Parabolic SAR: 12049
Supports: 12201 - 12132 - 12013
Resistance: 12388 - 12507 - 12576

Bank Nifty Future VIX Range: 12214 - 12469
Bank Nifty Future VWAP: 12416.95
MP Values Bank Nifty Future: VAH - 12487, POC - 12422, VAL - 12357

TARGET BANKNIFTY
Buy BankNifty Future above 12422 - 12460 - 12575 - 12650 SL - 12357
Sell BankNifty Future below 12323 - 12280 - 12200 - 12085 SL - 12420

INTRADAY TRADE
Reliance Industries: Buy above 839 for targets of 844, 850 SL 833
Reliance Industries: Sell below 830 for targets of 827, 821 SL 837
Jetairways: Buy above 608 for targets of 615, 628 SL 598
Glenmark: Buy above 470 for targets of 475, 484 SL 463

SCORE SHEET
Titan: Buy above 306 for targets of 309, 312 SL 300: Call not active
Relcapital: Buy above 474 for targets of 478, 488 SL 466: Target 481 done

POSITIONAL TRADE
Phoenixltd: Buy above 245 for target of 257 SL 240 (2-3 Days)
Sparc: Buy above 130 for target of 139 SL 126 (1 Week)

Thanks and Regards

S&P Wealth Creators