Market outlook for 26/12/2012

Nifty closed up 8.05 points (0.14%) at 5855.75 while Nifty Future closed at 5865.55, premium of 9.80 points.
Bank Nifty closed up 2.65 points (0.02%) at 12317.70 while Future closed at 12339.35, premium of 21.65 points.

• FII bought in Cash (Net buy 459.67 Crore)
• FII bought in index future, index option, stock future (Net buy 632.91 Crore)
• DII sold in Cash (Net sell 238.26 Crore)
• Most Active Nifty Call Option: 5900 and 6000.
• Most Active Nifty Put Options: 5900 and 5800.
• Advance Decline for the day was 737:768.

NIFTY TECHNICAL

Current Spot: 5855.75
Pivot: 5857
5DEMA: 5875
10DEMA: 5875
20DEMA: 5846
50DEMA: 5779
RSI (14 days): 54.25
Parabolic SAR: 5939
Supports: 5843 - 5830 - 5816
Resistance: 5870 - 5885 - 5897

Nifty Future VIX Range: 5825 - 5906
Nifty Future VWAP: 5864.40
MP Values Nifty Future: VAH - 5869, POC - 5864, VAL - 5859

TARGET NIFTY
Buy Nifty Future above 5870 - 5880 - 5892 - 5905 SL - 5859
Sell Nifty Future below 5858 - 5850 - 5840 - 5825 SL - 5869

BANKNIFTY TECHNICAL

Current Spot: 12317.70
Pivot: 12317
5DEMA: 12378
10DEMA: 12356
20DEMA: 12215
50DEMA: 11911
RSI (14 days): 60.07
Parabolic SAR: 12572
Supports: 12267 - 12216 - 12166
Resistance: 12367 - 12417 - 12468

Bank Nifty Future VIX Range: 12222 - 12457
Bank Nifty Future VWAP: 12329.12
MP Values Bank Nifty Future: VAH - 12346, POC - 12325, VAL - 12304

TARGET BANKNIFTY
Buy BankNifty Future above 12349 - 12390 - 12445 - 12500 SL - 12325
Sell BankNifty Future below 12304 - 12290 - 12240 - 12185 SL - 12347

INTRADAY TRADE
Reliance Industries: Buy above 825 for targets of 831, 837 SL 819
Reliance Industries: Sell below 817 for targets of 812, 805 SL 823
Zeel: Buy above 230 for targets of 232, 235 SL 227
JkLakshmi: Buy above 157 for targets of 159, 164 SL 154

SCORE SHEET
Havells: Buy above 636 for targets of 641, 647 SL 630: Target 646.50 done
Hindoilexp: Buy above 103 for targets of 105, 109 SL 99.5: Target 104.90 done

POSITIONAL TRADE
Gruh: Buy above 245 for target of 255 SL 237 (2-3 Days)
Navnetpubl: Buy above 69 for target of 73 SL 67.5 (1 Week)

Thanks and Regards

S&P Wealth Creators