Market outlook for 18/12/2012

Nifty closed down 21.70 points (0.37%) at 5857.90 while Nifty Future closed at 5889.35, premium of 31.45 points.
Bank Nifty closed up 2.75 points (0.02%) at 12427.45 while Future closed at 12490.00, premium of 62.55 points.

• FII bought in Cash (Net buy 886.68 Crore)
• FII bought in index future, index option but sold in stock future (Net buy 97.73 Crore)
• DII sold in Cash (Net sell 690.32 Crore)
• Most Active Nifty Call Option: 5900 and 6000.
• Most Active Nifty Put Options: 5900 and 5800.
• Advance Decline for the day was 823:701.

NIFTY TECHNICAL

Current Spot: 5857.90
Pivot: 5865
5DEMA: 5872
10DEMA: 5863
20DEMA: 5820
50DEMA: 5748
RSI (14 days): 59.13
Parabolic SAR: 5965
Supports: 5843 - 5829 - 5807
Resistance: 5879 - 5901 - 5915

Nifty Future VIX Range: 5849 - 5930
Nifty Future VWAP: 5893.31
MP Values Nifty Future: VAH - 5900, POC - 5894, VAL - 5888

TARGET NIFTY
Buy Nifty Future above 5900 - 5910 - 5932 - 5946 SL - 5888
Sell Nifty Future below 5886 - 5874 - 5860 - 5838 SL - 5895

BANKNIFTY TECHNICAL

Current Spot: 12427.45
Pivot: 12431
5DEMA: 12369
10DEMA: 12280
20DEMA: 12087
50DEMA: 11756
RSI (14 days): 70.61
Parabolic SAR: 12176
Supports: 12399 - 12371 - 12340
Resistance: 12459 - 12490 - 12518

Bank Nifty Future VIX Range: 12362 - 12618
Bank Nifty Future VWAP: 12494.31
MP Values Bank Nifty Future: VAH - 12515, POC - 12499, VAL - 12483

TARGET BANKNIFTY
Buy BankNifty Future above 12515 - 12540 - 12580 - 12650 SL - 12485
Sell BankNifty Future below 12482 - 12450 - 12410 - 12350 SL - 12510

INTRADAY TRADE
Reliance Industries: Buy above 841 for targets of 845, 853 SL 834
Reliance Industries: Sell below 832 for targets of 826, 818 SL 839
Tubeinvest: Buy above 213 for targets of 215, 220 SL 208
Indaibulls: Buy above 269 for targets of 272, 275 SL 266

SCORE SHEET
Albk: Buy above 162 for targets of 163.5, 166 SL 159.5: Target 163.80 done
TechM: Buy above 952 for targets of 961, 978 SL 935: SL Hit

POSITIONAL TRADE
Jindalstel: Buy above 444 for target of 459 SL 440 (2-3 Days)
Jisljaleqs: Buy above 74.3 for target of 77 SL 72.3 (1 Week)

Thanks and Regards

S&P Wealth Creators