Market outlook for 11/12/2012

Nifty closed up 1.50 points (0.03%) at 5908.90 while Nifty Future closed at 5942.45, premium of 33.55 points.
Bank Nifty closed up 17.95 points (0.15%) at 12381.65 while Future closed at 12473.60, premium of 91.95 points.

• FII bought in Cash (Net buy 698.23 Crore)
• FII sold in index option, stock future but bought in index future (Net sold 475.10 Crore)
• DII sold in Cash (Net sell 586.58 Crore)
• Most Active Nifty Call Option: 6000 and 6100.
• Most Active Nifty Put Options: 5900 and 5800.
• Advance Decline for the day was 758:757.

NIFTY TECHNICAL

Current Spot: 5908.90
Pivot: 5906
5DEMA: 5896
10DEMA: 5849
20DEMA: 5785
50DEMA: 5696
RSI (14 days): 70.80
Parabolic SAR: 5766
Supports: 5891 - 5874 - 5860
Resistance: 5923 - 5938 - 5955

Nifty Future VIX Range: 5898 - 5986
Nifty Future VWAP: 5940.17
MP Values Nifty Future: VAH - 5947, POC - 5939, VAL - 5931

TARGET NIFTY
Buy Nifty Future above 5947 - 5955 - 5970 - 5985 SL - 5938
Sell Nifty Future below 5931 - 5920 - 5905 - 5890 SL - 5942

BANKNIFTY TECHNICAL

Current Spot: 12381.65
Pivot: 12378
5DEMA: 12302
10DEMA: 12132
20DEMA: 11906
50DEMA: 11529
RSI (14 days): 73.33
Parabolic SAR: 11786
Supports: 12345 - 12309 - 12277
Resistance: 12414 - 12446 - 12482

Bank Nifty Future VIX Range: 12334 - 12613
Bank Nifty Future VWAP: 12463.93
MP Values Bank Nifty Future: VAH - 12478, POC - 12460, VAL - 12442

TARGET BANKNIFTY
Buy BankNifty Future above 12485 - 12505 - 12535 - 12575 SL - 12459
Sell BankNifty Future below 12442 - 12425 - 12395 - 12360 SL - 12470

INTRADAY TRADE
Reliance Industries: Buy above 833 for targets of 835, 844 SL 827
Reliance Industries: Sell below 825 for targets of 823, 815 SL 832
Relcapital: Buy above 460 for targets of 464, 469 SL 454
Denabank: Buy above 122 for targets of 123, 125 SL 119.5

SCORE SHEET
Heromotoco: Buy above 1831 for targets of 1843, 1855 SL 1816: Target 1847.00 done
Gitanjali: Buy above 522 for targets of 527, 535 SL 514: Target 534.70 done

POSITIONAL TRADE
Ktkbank: Buy above 197 for target of 210 SL 189 (2-3 Days)
Jaicorpltd: Buy above 69.5 for target of 73 SL 68 (1 Week)

Thanks and Regards

S&P Wealth Creators