Market outlook for 19/12/2012

Nifty closed up 38.90 points (0.66%) at 5896.80 while Nifty Future closed at 5928.90, premium of 32.10 points.
Bank Nifty closed up 49.70 points (0.40%) at 12477.15 while Future closed at 12549.80, premium of 72.65 points.

• FII bought in Cash (Net buy 922.37 Crore)
• FII sold in index future, index option and in stock future (Net sell 477.07 Crore)
• DII sold in Cash (Net sell 491.12 Crore)
• Most Active Nifty Call Option: 5900 and 6000.
• Most Active Nifty Put Options: 5900 and 5800.
• Advance Decline for the day was 869:637.

NIFTY TECHNICAL

Current Spot: 5896.80
Pivot: 5875
5DEMA: 5881
10DEMA: 5869
20DEMA: 5828
50DEMA: 5753
RSI (14 days): 63.31
Parabolic SAR: 5960
Supports: 5845 - 5793 - 5762
Resistance: 5927 - 5958 - 6010

Nifty Future VIX Range: 5888 - 5970
Nifty Future VWAP: 5901.31
MP Values Nifty Future: VAH - 5920, POC - 5879, VAL - 5839

TARGET NIFTY
Buy Nifty Future above 5933 - 5960 - 6000 - 6065 SL - 5899
Sell Nifty Future below 5896 - 5865 - 5810 - 5765 SL - 5921

BANKNIFTY TECHNICAL

Current Spot: 12477.15
Pivot: 12399
5DEMA: 12405
10DEMA: 12316
20DEMA: 12124
50DEMA: 11789
RSI (14 days): 71.82
Parabolic SAR: 12197
Supports: 12275 - 12074 - 11950
Resistance: 12601 - 12724 - 12926

Bank Nifty Future VIX Range: 12424 - 12676
Bank Nifty Future VWAP: 12441.63
MP Values Bank Nifty Future: VAH - 12530, POC - 12425, VAL - 12320

TARGET BANKNIFTY
Buy BankNifty Future above 12555 - 12640 - 12780 - 12950 SL - 12455
Sell BankNifty Future below 12445 - 12350 - 12210 - 12050 SL - 12530

INTRADAY TRADE
Reliance Industries: Buy above 836 for targets of 840, 850 SL 830
Reliance Industries: Sell below 828 for targets of 824, 814 SL 834
Zeel: Buy above 223 for targets of 225, 230 SL 218
Recltd: Buy above 246 for targets of 249, 255 SL 242

SCORE SHEET
Tubeinvest: Buy above 213 for targets of 215, 220 SL 208: Target 221.65 done
Indaibulls: Buy above 269 for targets of 272, 275 SL 266: Target 276.00 done

POSITIONAL TRADE
Jswsteel: Buy above 809 for target of 848 SL 790 (2-3 Days)
Brigade: Buy above 96 for target of 105 SL 92 (1 Week)

Thanks and Regards

S&P Wealth Creators