Market outlook for 17/12/2012

Nifty closed up 28.10 points (0.48%) at 5879.60 while Nifty Future closed at 5914.90, premium of 35.30 points.
Bank Nifty closed up 155.55 points (1.27%) at 12424.70 while Future closed at 12514.85, premium of 90.15 points.

• FII bought in Cash (Net buy 574.38 Crore)
• FII sold in index future, stock future but bought in index option (Net sell 131.81 Crore)
• DII sold in Cash (Net sell 512.43 Crore)
• Most Active Nifty Call Option: 6000 and 6100.
• Most Active Nifty Put Options: 5900 and 5800.
• Advance Decline for the day was 720:777.

NIFTY TECHNICAL
Current Spot: 5879.60

Pivot: 5868
5DEMA: 5880
10DEMA: 5864
20DEMA: 5816
50DEMA: 5715
RSI (14 days): 62.80
Parabolic SAR: 5965
Supports: 5850 - 5821 - 5804
Resistance: 5897 - 5915 - 5944

Nifty Future VIX Range: 5873 - 5957
Nifty Future VWAP: 5897.58
MP Values Nifty Future: VAH - 5918, POC - 5902, VAL - 5886

TARGET NIFTY
Buy Nifty Future above 5920 - 5932 - 5950 - 5980 SL - 5900
Sell Nifty Future below 5886 - 5875 - 5855 - 5835 SL - 5903

BANKNIFTY TECHNICAL

Current Spot: 12424.70
Pivot: 12372
5DEMA: 12340
10DEMA: 12247
20DEMA: 12049
50DEMA: 11659
RSI (14 days): 70.54
Parabolic SAR: 12117
Supports: 12296 - 12167 - 12091
Resistance: 12500 - 12576 - 12705

Bank Nifty Future VIX Range: 12382 - 12647
Bank Nifty Future VWAP: 12438.76
MP Values Bank Nifty Future: VAH - 12539, POC - 12462, VAL - 12384

TARGET BANKNIFTY
Buy BankNifty Future above 12539 - 12600 - 12705 - 12850 SL - 12462
Sell BankNifty Future below 12418 - 12350 - 12200 - 12080 SL - 12462

INTRADAY TRADE
Reliance Industries: Buy above 841 for targets of 846, 854 SL 836
Reliance Industries: Sell below 834 for targets of 830, 822 SL 840
Albk: Buy above 162 for targets of 163.5, 166 SL 159.5
TechM: Buy above 952 for targets of 961, 978 SL 935

SCORE SHEET
Jetairways: Buy above 608 for targets of 615, 628 SL 598: Target 626.90 done
Glenmark: Buy above 470 for targets of 475, 484 SL 463: Target 494.90 done

POSITIONAL TRADE
Srtransfin: Buy above 736 for target of 760 SL 727 (2-3 Days)
Koltepatil: Buy above 104 for target of 120 SL 99 (1 Week)

Thanks and Regards

S&P Wealth Creators