Market outlook for 03/02/12

Nifty closed up 34.20 points (0.65%) at 5269.90 while Nifty Future closed at 5274.35, premium of 4.45 points.
Bank Nifty closed up 42.95 points (0.43%) at 9992.05 while Future closed at 9967.80, discount of 24.25 points.

• FII bought huge in Cash (Net buy 1941.23 Crore)
• FII bought huge in index future, stock future and index option (Net buy 1822.24 Crore)
• DII sold in Cash (Net sell 653.14 Crore)
• US market is trading flat to positive.
• Global cues are flat to positive.
• SGX nifty is flat as of now.
• Most Active Nifty Call Option: 5300 and 5400.
• Most Active Nifty Put Options: 5200 and 5100.
• Advance Decline for the day was 805:653.

NIFTY TECHNICAL

Current Spot: 5269.90
Pivot: 5262
5DEMA: 5205
10DEMA: 5137
20DEMA: 5036
50DEMA: 4961
RSI (14 days): 71.00
Parabolic SAR: 5146
Supports: 5234 - 5198 - 5170
Resistance: 5298 - 5326 - 5362
CAM Support: 5264 - 5258 - 5252 - 5235
CAM Resistance: 5276 - 5282 - 5288 - 5305
NF VIX Range: 5207 - 5342

Nifty Future VWAP: 5274.15
MP Values Nifty Future: VAH - 5288, POC - 5272, VAL - 5256

TARGET NIFTY
Buy Nifty Future above 5278 - 5303 - 5334 - 5370 SL - 5266
Sell Nifty Future below 5261 - 5240 - 5204 - 5175 SL - 5275

BANKNIFTY TECHNICAL

Current Spot: 9992.05
Pivot: 9953
5DEMA: 9864
10DEMA: 9679
20DEMA: 9363
50DEMA: 9078
RSI (14 days): 72.13
Parabolic SAR: 9699
Supports: 9816 - 9639 - 9502
Resistance: 10129 - 10267 - 10443
CAM Support: 9963 - 9935 - 9906 - 9820
CAM Resistance: 10021 - 10050 - 10078 - 10165
Bank Nifty VIX Range: 9771 - 10164

Bank Nifty Future VWAP: 9941.93
MP Values Bank Nifty Future: VAH - 10053, POC - 9960, VAL - 9867

TARGET BANKNIFTY
Buy BankNifty Future above 9975 - 10115 - 10270 - 10460 SL - 9921
Sell BankNifty Future below 9920 - 9785 - 9595 - 9440 SL - 9959

INTRADAY TRADE
Reliance Industries: Buy above 836 for targets of 838, 842, 850 SL 830
Reliance Industries: Sell below 825 for targets of 823, 819, 811 SL 834
Riil: Buy above 495 for targets of 501, 515 SL 486
Enginersin: Buy above 256 for targets of 260, 267 SL 249

SCORE SHEET
Lovable: Buy above 408 for targets of 414, 423 SL 399: Target 416.05 achieved
Jindalstel: Buy above 578 for targets of 584, 598 SL 564: Target 587.60 achieved

POSITIONAL TRADE
Aban: Buy above 548 for target of 595 SL 524 (2-3 Days)
Ster: Buy above 109 for target of 117 SL 106 (1 Week)

Thanks and Regards

S&P Wealth Creators