Market outlook for 31/12/2012

Nifty closed up 38.25 points (0.65%) at 5908.35 while Nifty Future closed at 5954.55, premium of 46.20 points.
Bank Nifty closed down 1.55 points (0.01%) at 12458.15 while Future closed at 12568.20, premium of 110.05 points.

• FII bought in Cash (Net buy 833.40 Crore)
• FII bought in index future, index option but sold in stock future (Net buy 1999.96 Crore)
• DII sold in Cash (Net sell 530.35 Crore)
• Most Active Nifty Call Option: 6000 and 6100.
• Most Active Nifty Put Options: 5900 and 5800.
• Advance Decline for the day was 786:706.

NIFTY TECHNICAL

Current Spot: 5908.35
Pivot: 5901
5DEMA: 5890
10DEMA: 5884
20DEMA: 5859
50DEMA: 5796
RSI (14 days): 58.53
Parabolic SAR: 5931
Supports: 5887 - 5865 - 5850
Resistance: 5923 - 5937 - 5959

Nifty Future VIX Range: 5909 - 6000
Nifty Future VWAP: 5946.05
MP Values Nifty Future: VAH - 5951, POC - 5942, VAL - 5933

TARGET NIFTY
Buy Nifty Future above 5958 - 5965 - 5975 - 5990 SL - 5942
Sell Nifty Future below 5940 - 5933 - 5920 - 5905 SL - 5952

BANKNIFTY TECHNICAL

Current Spot: 12458.15
Pivot: 12449
5DEMA: 12438
10DEMA: 12405
20DEMA: 12280
50DEMA: 11974
RSI (14 days): 64.31
Parabolic SAR: 12554
Supports: 12403 - 12349 - 12303
Resistance: 12503 - 12549 - 12603

Bank Nifty Future VIX Range: 12449 - 12688
Bank Nifty Future VWAP: 12553.16
MP Values Bank Nifty Future: VAH - 12569, POC - 12546, VAL - 12523

TARGET BANKNIFTY
Buy BankNifty Future above 12576 - 12605 - 12645 - 12700 SL - 12546
Sell BankNifty Future below 12541 - 12520 - 12470 - 12430 SL - 12569

INTRADAY TRADE
Reliance Industries: Buy above 842 for targets of 848, 858 SL 834
Reliance Industries: Sell below 832 for targets of 828, 814 SL 838
Vidoeind: Buy above 215 for targets of 217, 220 SL 213
Bataindia: Buy above 868 for targets of 877, 889 SL 853

SCORE SHEET
Karurvysya: Buy above 548 for targets of 554, 565 SL 541: Target 564.90 achieved
Lichsgfin: Buy above 290 for targets of 293, 296 SL 287: Target 295.30 achieved

POSITIONAL TRADE
Gitanjali: Buy above 514 for target of 540 SL 502 (2-3 Days)
Pantaloonr: Buy above 255 for target of 274 SL 246 (1 Week)

Thanks and Regards

S&P Wealth Creators