Market outlook for 21/12/2012

Nifty closed down 13.20 points (0.22%) at 5916.40 while Nifty Future closed at 5931.15, premium of 14.75 points.
Bank Nifty closed down 23.75 points (0.19%) at 12486.50 while Future closed at 12524.85, premium of 38.35 points.

• FII bought in Cash (Net buy 466.75 Crore)
• FII bought in index future, index option but sold in stock future (Net buy 73.30 Crore)
• DII sold in Cash (Net sell 444.02 Crore)
• Most Active Nifty Call Option: 5900 and 6000.
• Most Active Nifty Put Options: 5900 and 5800.
• Advance Decline for the day was 599:898.

NIFTY TECHNICAL

Current Spot: 5916.40
Pivot: 5912
5DEMA: 5903
10DEMA: 5887
20DEMA: 5845
50DEMA: 5762
RSI (14 days): 64.27
Parabolic SAR: 5949
Supports: 5886 - 5856 - 5830
Resistance: 5942 - 5968 - 5998

Nifty Future VIX Range: 5892 - 5970
Nifty Future VWAP: 5925.72
MP Values Nifty Future: VAH - 5949, POC - 5936, VAL - 5915

TARGET NIFTY
Buy Nifty Future above 5937 - 5950 - 5970 - 6000 SL - 5915
Sell Nifty Future below 5914 - 5904 - 5875 - 5850 SL - 5936

BANKNIFTY TECHNICAL

Current Spot: 12486.50
Pivot: 12462
5DEMA: 12456
10DEMA: 12376
20DEMA: 12192
50DEMA: 11834
RSI (14 days): 71.23
Parabolic SAR: 12257
Supports: 12410 - 12333 - 12280
Resistance: 12539 - 12592 - 12669

Bank Nifty Future VIX Range: 12407 - 12643
Bank Nifty Future VWAP: 12499.74
MP Values Bank Nifty Future: VAH - 12563, POC - 12520, VAL - 12477

TARGET BANKNIFTY
Buy BankNifty Future above 12535 - 12580 - 12640 - 12720 SL - 12495
Sell BankNifty Future below 12477 - 12440 - 12370 - 12310 SL - 12520

INTRADAY TRADE
Reliance Industries: Buy above 840 for targets of 847, 854 SL 834
Reliance Industries: Sell below 832 for targets of 826, 821 SL 839
Dbrealty: Buy above 160 for targets of 162, 166 SL 157
Laopala: Buy above 276 for targets of 280, 290 SL 268

SCORE SHEET
Federalbnk: Buy above 530 for targets of 536, 545 SL 521: Call not Active
Sunpharma: Buy above 770 for targets of 776, 785 SL 759: Target 775.90 done

POSITIONAL TRADE
Mbswitch: Buy above 250 for target of 260 SL 245 (2-3 Days)
Ivrclinfra: Buy above 45.5 for target of 48 SL 44.7 (1 Week)

Thanks and Regards

S&P Wealth Creators