Market outlook for 20/12/2012

Nifty closed up 32.80 points (0.66%) at 5929.60 while Nifty Future closed at 5946.90, premium of 17.30 points.
Bank Nifty closed up 33.10 points (0.27%) at 12510.25 while Future closed at 12545.90, premium of 35.65 points.

• FII bought in Cash (Net buy 1244.96 Crore)
• FII bought in index option, stock future but sold in index future (Net buy 286.98 Crore)
• DII sold in Cash (Net sell 369.06 Crore)
• Most Active Nifty Call Option: 5900 and 6000.
• Most Active Nifty Put Options: 5900 and 5800.
• Advance Decline for the day was 869:645.

NIFTY TECHNICAL

Current Spot: 5929.60
Pivot: 5827
5DEMA: 5897
10DEMA: 5880
20DEMA: 5837
50DEMA: 5756
RSI (14 days): 66.62
Parabolic SAR: 5954
Supports: 5914 - 5898 - 5885
Resistance: 5942 - 5955 - 5971

Nifty Future VIX Range: 5907 - 5987
Nifty Future VWAP: 5947.46
MP Values Nifty Future: VAH - 5953, POC - 5947, VAL - 5941

TARGET NIFTY
Buy Nifty Future above 5953 - 5960 - 5975 - 5995 SL - 5945
Sell Nifty Future below 5939 - 5930 - 5915 - 5900 SL - 5950

BANKNIFTY TECHNICAL

Current Spot: 12510.25
Pivot: 12512
5DEMA: 12440
10DEMA: 12351
20DEMA: 12161
50DEMA: 11807
RSI (14 days): 72.89
Parabolic SAR: 12197
Supports: 12453 - 12396 - 12337
Resistance: 12569 - 12629 - 12685

Bank Nifty Future VIX Range: 12424 - 12668
Bank Nifty Future VWAP: 12550.65
MP Values Bank Nifty Future: VAH - 12572, POC - 12540, VAL - 12508

TARGET BANKNIFTY
Buy BankNifty Future above 12560 - 12610 - 12680 - 12750 SL - 12439
Sell BankNifty Future below 12507 - 12470 - 12410 - 12340 SL - 12542

INTRADAY TRADE
Reliance Industries: Buy above 842 for targets of 846, 851 SL 837
Reliance Industries: Sell below 835 for targets of 832, 827 SL 841
Federalbnk: Buy above 530 for targets of 536, 545 SL 521
Sunpharma: Buy above 770 for targets of 776, 785 SL 759

SCORE SHEET
Zeel: Buy above 223 for targets of 225, 230 SL 218: SL Hit
Recltd: Buy above 246 for targets of 249, 255 SL 242: Target 249.10 done

POSITIONAL TRADE
Bajajcorp: Buy above 241 for target of 251 SL 235 (2-3 Days)
Peninland: Buy above 78.5 for target of 84 SL 76.8 (1 Week)

Thanks and Regards

S&P Wealth Creators