Market outlook for 05/12/11

Nifty closed up 113.30 points (2.29%) at 5050.15 while Nifty Future closed at 5080.70, premium of 30.55 points.
Bank Nifty closed up 277.45 points (3.12%) at 9172.75 while Future closed at 9207.60, premium of 34.85 points.

• FII bought in Cash (Net buy 596.89 Crore)
• FII bought in index future, index option but sold in stock future (Net buy 1013.15 Crore)
• DII sold in Cash (Net sell 107.53 Crore)
• US futures closed flat.
• Global cues are flat.
• SGX nifty is flat as of now.
• Most Active Nifty Call Option: 5000 and 5100.
• Most Active Nifty Put Options: 5000 and 4900.
• Advance Decline for the day was 1007:406.

NIFTY TECHNICAL

Current Spot: 5050.15
Pivot: 5010
5DEMA: 4919
10DEMA: 4899
20DEMA: 4944
50DEMA: 5002
RSI (14 days): 54.77
Parabolic SAR: 4667
Supports: 4958 - 4866 - 4814
Resistance: 5102 -5155 - 5246
CAM Support: 5037 - 5024 - 5011 - 4971
CAM Resistance: 5063 - 5077 - 5090 - 5129
NF VIX Range: 4995 - 5166

Nifty Future VWAP: 5021.61
MP Values Nifty Future: VAH - 5085, POC - 5039, VAL - 4993

TARGET NIFTY
Buy Nifty Future above 5085 - 5130 - 5185 - 5280 SL - 5035
Sell Nifty Future below 5030 - 4990 - 4895 - 4840 SL - 5046

BANKNIFTY TECHNICAL

Current Spot: 9172.75
Pivot: 9078
5DEMA: 8861
10DEMA: 8824
20DEMA: 8962
50DEMA: 9227
RSI (14 days): 53.02
Parabolic SAR: 8305
Supports: 8955 - 8737 - 8614
Resistance: 9296 - 9419 - 9637
CAM Support: 9141 - 9110 - 9079 - 8985
CAM Resistance: 9204 - 9235 - 9267 - 9360
Bank Nifty VIX Range: 9005 - 9410

Bank Nifty Future VWAP: 9069.79
MP Values Bank Nifty Future: VAH - 9232, POC - 9157, VAL - 9030

TARGET BANKNIFTY
Buy BankNifty Future above 9215 - 9300 - 9405 - 9520 SL - 9101
Sell BankNifty Future below 9090 - 8985 - 8850 - 8700 SL - 9110

INTRADAY TRADE
Reliance Industries: Buy above 814 for targets of 818, 824, 836 SL 803
Reliance Industries: Sell below 800 for targets of 796, 790, 780 SL 807
Ster: Buy above 110 for targets of 111.50, 114 SL 107.5
AmbujaCem: Buy above 162 for targets of 164, 168 SL 157

SCORE SHEET
Titan: Buy above 187 for targets of 189, 192 SL 184: Target 192.00 achieved
PFC: Buy above 170 for targets of 172, 175 SL 167: Target 182.00 achieved

POSITIONAL TRADE
IciciBank: Buy above 791 for target of 811 SL 777 (2-3 Days)
HindPetro: Buy above 294 for target of 316 SL 287 (1 Week)

Thanks and Regards

S&P Wealth Creators