Market outlook for 13/11/2012

Nifty closed down 2.55 points (0.04%) at 5683.70 while Nifty Future closed at 5711.10, premium of 27.40 points.
Bank Nifty closed up 108.25 points (0.94%) at 11583.85 while Future closed at 11638.45, premium of 54.60 points.

• FII bought in Cash (Net buy 229.73 Crore)
• FII bought in index option, stock future but sold in index future (Net buy 119.95 Crore)
• DII sold in Cash (Net sell 121.32 Crore)
• Most Active Nifty Call Option: 5700 and 5800.
• Most Active Nifty Put Options: 5700 and 5600.
• Advance Decline for the day was 684:805.

NIFTY TECHNICAL

Current Spot: 5683.70
Pivot: 5689
5DEMA: 5702
10DEMA: 5697
20DEMA: 5684
50DEMA: 5614
RSI (14 days): 51.74
Parabolic SAR: 5212
Supports: 5660 - 5636 - 5607
Resistance: 5713 - 5743 - 5766

Nifty Future VIX Range: 5669 - 5753
Nifty Future VWAP: 5712.60
MP Values Nifty Future: VAH - 5720, POC - 5711, VAL - 5702

TARGET NIFTY
Buy Nifty Future above 5720 - 5730 - 5745 - 5765 SL - 5710
Sell Nifty Future below 5702 - 5695 - 5680 - 5660 SL - 5715

BANKNIFTY TECHNICAL

Current Spot: 11583.85
Pivot: 11552
5DEMA: 11547
10DEMA: 11516
20DEMA: 11457
50DEMA: 11194
RSI (14 days): 57.29
Parabolic SAR: 11225
Supports: 11495 - 11405 - 11348
Resistance: 11641 - 11698 - 11788

Bank Nifty Future VIX Range: 11508 - 11769
Bank Nifty Future VWAP: 11602.74
MP Values Bank Nifty Future: VAH - 11631, POC - 11592, VAL - 11553

TARGET BANKNIFTY
Buy BankNifty Future above 11647 - 11690 - 11740 - 11820 SL - 11592
Sell BankNifty Future below 11587 - 11555 - 11465 - 11405 SL - 11631

INTRADAY TRADE
Reliance Industries: Buy above 789 for targets of 791, 795, 800 SL 783
Reliance Industries: Sell below 782 for targets of 780, 776, 771 SL 787
ExideInd: Buy above 139.65 for targets of 141, 143 SL 137
Deltacorp: Buy above 74.6 for targets of 77.4, 78.5 SL 73.5

SCORE SHEET
Hanung: Buy above 153.50 for targets of 155, 158 SL 151.5: SL Hit
Nilkamal: Buy above 260 for targets of 263, 270 SL 255: Target 265.80 done

POSITIONAL TRADE
SunTv: Buy above 338 for target of 348 SL 334 (2-3 Days)
Rcom: Buy above 59 for target of 63 SL 56.9 (1 Week)

Thanks and Regards

S&P Wealth Creators