Market outlook for 27/12/2012

Nifty closed up 49.85 points (0.85%) at 5905.60 while Nifty Future closed at 5913.75, premium of 8.15 points.
Bank Nifty closed up 161.75 points (1.31%) at 12479.45 while Future closed at 12508.00, premium of 28.55 points.

• FII bought in Cash (Net buy 743.79 Crore)
• FII bought in index future, index option but sold in stock future (Net buy 254.33 Crore)
• DII sold in Cash (Net sell 300.85 Crore)
• Most Active Nifty Call Option: 5900 and 6000.
• Most Active Nifty Put Options: 5900 and 5800.
• Advance Decline for the day was 819:679.

NIFTY TECHNICAL

Current Spot: 5905.60
Pivot: 5894
5DEMA: 5885
10DEMA: 5881
20DEMA: 5852
50DEMA: 5783
RSI (14 days): 59.76
Parabolic SAR: 5935
Supports: 5871 - 5836 - 5813
Resistance: 5929 - 5952 - 5987

Nifty Future VIX Range: 5872 - 5955
Nifty Future VWAP: 5898.49
MP Values Nifty Future: VAH - 5926, POC - 5913, VAL - 5884

TARGET NIFTY
Buy Nifty Future above 5920 - 5935 - 5955 - 5985 SL - 5899
Sell Nifty Future below 5884 - 5870 - 5845 - 5820 SL - 5913

BANKNIFTY TECHNICAL

Current Spot: 12479.45
Pivot: 12434
5DEMA: 12412
10DEMA: 12379
20DEMA: 12240
50DEMA: 11934
RSI (14 days): 65.67
Parabolic SAR: 12565
Supports: 12350 - 12220 - 12135
Resistance: 12564 - 12649 - 12778

Bank Nifty Future VIX Range: 12386 - 12630
Bank Nifty Future VWAP: 12451.99
MP Values Bank Nifty Future: VAH - 12546, POC - 12502, VAL - 12401

TARGET BANKNIFTY
Buy BankNifty Future above 12520 - 12590 - 12680 - 12800 SL - 12450
Sell BankNifty Future below 12435 - 12380 - 12240 - 12150 SL - 12502

INTRADAY TRADE
Reliance Industries: Buy above 833 for targets of 841, 847 SL 827
Reliance Industries: Sell below 824 for targets of 817, 810 SL 831
Abgship: Buy above 375 for targets of 380, 388 SL 369
Fortis: Buy above 117.5 for targets of 119, 121 SL 116

SCORE SHEET
Zeel: Buy above 230 for targets of 232, 235 SL 227: SL Hit
JkLakshmi: Buy above 157 for targets of 159, 164 SL 154: Target 161.70 done

POSITIONAL TRADE
Cairn: Buy above 320 for target of 328 SL 317 (2-3 Days)
Orientbank: Buy above 340 for target of 356 SL 331 (1 Week)

Thanks and Regards

S&P Wealth Creators