Market outlook for 12/02/2013

Nifty closed down 5.65 points (0.10%) at 5897.85 while Nifty Future closed at 5921.35, premium of 23.50 points.
Bank Nifty closed up 52.85 points (0.43%) at 12333.00 while Future closed at 12388.20, premium of 55.20 points.

• FII bought in Cash (Net buy 995.83 Crore)
• FII bought in index future, index option, stock future (Net buy 941.18 Crore)
• DII sold in Cash (Net sell 940.90 Crore)
• Most Active Nifty Call Option: 5900 and 6000.
• Most Active Nifty Put Options: 5900 and 5800.
• Advance Decline for the day was 617:894.

NIFTY TECHNICAL

Current Spot: 5897.85
Pivot: 5900
5DEMA: 5931
10DEMA: 5962
20DEMA: 5981
50DEMA: 5939
RSI (14 days): 37.02
Parabolic SAR: 6049
Supports: 5877 - 5855 - 5832
Resistance: 5922 - 5945 - 5967

Nifty Future VIX Range: 5889 - 5954
Nifty Future VWAP: 5921.16
MP Values Nifty Future: VAH - 5927, POC - 5919, VAL - 5911

TARGET NIFTY
Buy Nifty Future above 5928 - 5940 - 5955 - 5975 SL - 5915
Sell Nifty Future below 5910 - 5900 - 5885 - 5865 SL - 5927

BANKNIFTY TECHNICAL

Current Spot: 12333.00
Pivot: 12323
5DEMA: 12381
10DEMA: 12466
20DEMA: 12533
50DEMA: 12431
RSI (14 days): 39.35
Parabolic SAR: 12779
Supports: 12284 - 12235 - 12197
Resistance: 12372 - 12410 - 12459

Bank Nifty Future VIX Range: 12300 - 12477
Bank Nifty Future VWAP: 12378.62
MP Values Bank Nifty Future: VAH - 12400, POC - 12375, VAL - 12350

TARGET BANKNIFTY
Buy BankNifty Future above 12405 - 12445 - 12500 - 12565 SL - 12374
Sell BankNifty Future below 12350 - 12310 - 12265 - 12205 SL - 12400

INTRADAY TRADE
Reliance Industries: Buy above 871 for targets of 878, 888 SL 866
Reliance Industries: Sell below 864 for targets of 857, 849 SL 870
Zeel: Buy above 231 for targets of 233, 235 SL 229
Sobha: Buy above 445 for targets of 449, 455 SL 439

SCORE SHEET
Wipro: Buy above 413 for targets of 416, 422 SL 409: Target 420.85 done
Bslimited: Buy above 351 for targets of 355, 363 SL 346: Target 356.40 done

POSITIONAL TRADE
BharatForg: Buy above 226 for target of 237 SL 221 (2-3 Days)
Arvind: Buy above 92.1 for target of 99 SL 90.8 (1 Week)

Thanks and Regards

S&P Wealth Creators