Market outlook for 02/05/11

Nifty closed down 35.95 points (0.62%) at 5749.50 while Nifty Future closed at 5753.80 premium of 4.30 points.
Bank Nifty closed down 201.05 points (1.72%) at 11483.75 while Future closed at 11511.75 premium of 28.00 points.

• FII sold in Cash (Net sell 697.07 Crore)
• FII bought in index option but sold in index future and stock future (Net buy 697.07 Crore)
• DII sold in Cash (Net sell 61.06 Crore)
• US futures are trading flat to positive.
• Global cues are flat.
• SGX nifty is flat to positive as of now.
• Most Active Nifty May Call Option: 5800 and 5900.
• Most Active Nifty May Put Options: 5800 and 5700.
• Advance Decline for the day was 351:1052.

NIFTY TECHNICAL

Current Spot: 5749.50
Pivot: 5753
5DEMA: 5801
10DEMA: 5813
20DEMA: 5785
50DEMA: 5677
RSI (15 days): 50.01
Parabolic SAR: 5913
Supports: 5702 - 5655 - 5604
Resistance: 5801 - 5852 - 5899
DeMark’s: 5679 - 5777

Nifty Future VWAP: 5772.51
MP Values Futures: VAH - 5802, POC - 5768, VAL - 5734

TARGET NIFTY
Buy Nifty Future above 5770 - 5805 - 5860 - 5905 SL - 5759
Sell Nifty Future below 5745 - 5710 - 5665 - 5605 SL - 5769

BANKNIFTY TECHNICAL

Current Spot: 11483.75
Pivot: 11538
5DEMA: 11673
10DEMA: 11701
20DEMA: 11624
50DEMA: 11321
RSI (15 days): 48.82
Parabolic SAR: 11978
Supports: 11353 - 11222 - 11036
Resistance: 11669 - 11854 - 11985
DeMark’s: 11287 - 11604

Bank Nifty Future VWAP: 11592.12
MP Values Bank Nifty Futures: VAH - 11774, POC - 11644, VAL - 11504

TARGET BANKNIFTY
Buy BankNifty Future above 11581 - 11705 - 11910 - 12050 SL - 11559
Sell BankNifty Future below 11494 - 11376 - 11235 - 11040 SL - 11578

INTRADAY TRADE
Reliance Industries: Buy above 986 for targets of 988, 994, 1002 SL 979
Reliance Industries: Sell below 976 for targets of 974, 967, 960 SL 983
Jublfood: Buy above 742 for targets of 750, 770 SL 729
AsianPaint: Buy above 2785 for targets of 2800, 2830 SL 2755

SCORE SHEET
Kirlosbros: Buy above 205 for targets of 208, 215 SL 199: Call not activated
Raincom: Buy above 185 for targets of 188, 195 SL 179: SL Hit

POSITIONAL TRADE
Dabur: Buy above 102 for target of 110 SL 98 (One Week)
Cesc: Buy above 308 for target of 330 SL 299 (One Week)

Use strict STOP LOSS in each and every trade in this kind of volatile market and Trade at your own risk.

Thanks and Regards

S&P Wealth Creators