Market outlook for 24/12/2012

Nifty closed down 68.70 points (1.16%) at 5847.70 while Nifty Future closed at 5853.40, premium of 5.70 points.
Bank Nifty closed down 171.45 points (1.37%) at 12315.05 while Future closed at 12347.35, premium of 32.30 points.

• FII bought in Cash (Net buy 115.35 Crore)
• FII bought in index option but sold in index future, stock future (Net buy 833.72 Crore)
• DII bought in Cash (Net buy 258.21 Crore)
• Most Active Nifty Call Option: 5900 and 6000.
• Most Active Nifty Put Options: 5900 and 5800.
• Advance Decline for the day was 357:1167.

NIFTY TECHNICAL

Current Spot: 5847.70
Pivot: 5859
5DEMA: 5885
10DEMA: 5880
20DEMA: 5845
50DEMA: 5775
RSI (14 days): 53.32
Parabolic SAR: 5944
Supports: 5830 - 5813 - 5784
Resistance: 5877 - 5905 - 5923

Nifty Future VIX Range: 5812 - 5895
Nifty Future VWAP: 5875.13
MP Values Nifty Future: VAH - 5897, POC - 5883, VAL - 5869

TARGET NIFTY
Buy Nifty Future above 5870 - 5883 - 5897 - 5920 SL - 5859
Sell Nifty Future below 5945 - 5834 - 5815 - 5785 SL - 5869

BANKNIFTY TECHNICAL

Current Spot: 12315.05
Pivot: 12345
5DEMA: 12409
10DEMA: 12365
20DEMA: 12204
50DEMA: 11895
RSI (14 days): 59.98
Parabolic SAR: 12289
Supports: 12259 - 12202 - 12115
Resistance: 12402 - 12489 - 12545

Bank Nifty Future VIX Range: 12226 - 12468
Bank Nifty Future VWAP: 12409.61
MP Values Bank Nifty Future: VAH - 12453, POC - 12417, VAL - 12381

TARGET BANKNIFTY
Buy BankNifty Future above 12392 - 12420 - 12455 - 12520 SL - 12377
Sell BankNifty Future below 12339 - 12300 - 12245 - 12190 SL - 12389

INTRADAY TRADE
Reliance Industries: Buy above 831 for targets of 837, 843 SL 825
Reliance Industries: Sell below 822 for targets of 817, 810 SL 829
Havells: Buy above 636 for targets of 641, 647 SL 630
Hindoilexp: Buy above 103 for targets of 105, 109 SL 99.5

SCORE SHEET
Dbrealty: Buy above 160 for targets of 162, 166 SL 157: Call not Active
Laopala: Buy above 276 for targets of 280, 290 SL 268: Target 282.70 done

POSITIONAL TRADE
Pantaloonr: Buy above 240 for target of 248 SL 236 (2-3 Days)
Amtekauto: Buy above 84.5 for target of 90 SL 81.7 (1 Week)

Thanks and Regards

S&P Wealth Creators