Market outlook for 06/02/12

Nifty closed up 55.95 points (1.06%) at 5325.85 while Nifty Future closed at 5345.55, premium of 19.70 points.
Bank Nifty closed up 141.60 points (1.42%) at 10133.65 while Future closed at 10154.85, premium of 21.20 points.

• FII bought in Cash (Net buy 1074.21 Crore)
• FII bought in index future, stock future but sold in index option (Net buy 192.99 Crore)
• DII sold in Cash (Net sell 915.58 Crore)
• US market ended positive.
• Global cues are flat to positive.
• SGX nifty is positive 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 885:558.

NIFTY TECHNICAL

Current Spot: 5325.85
Pivot: 5305
5DEMA: 5245
10DEMA: 5171
20DEMA: 5063
50DEMA: 4977
RSI (14 days): 73.05
Parabolic SAR: 5182
Supports: 5276 - 5226 - 5197
Resistance: 5355 - 5385 - 5435
CAM Support: 5319 - 5311 - 5304 - 5282
CAM Resistance: 5333 - 5340 - 5348 - 5369
NF VIX Range: 5278 - 5413

Nifty Future VWAP: 5311.01
MP Values Nifty Future: VAH - 5331, POC - 5281, VAL - 5265

TARGET NIFTY
Buy Nifty Future above 5350 - 5378 - 5410 - 5470 SL - 5320
Sell Nifty Future below 5307 - 5280 - 5235 - 5195 SL - 5325

BANKNIFTY TECHNICAL

Current Spot: 10133.65
Pivot: 10074
5DEMA: 9954
10DEMA: 9762
20DEMA: 9436
50DEMA: 9124
RSI (14 days): 74.02
Parabolic SAR: 9777
Supports: 9988 - 9843 - 9758
Resistance: 10219 - 10304 - 10449
CAM Support: 10113 - 10091 - 10070 - 10007
CAM Resistance: 10155 - 10176 - 10197 - 10260
Bank Nifty VIX Range: 9955 - 10354

Bank Nifty Future VWAP: 10035.08
MP Values Bank Nifty Future: VAH - 10087, POC - 9963, VAL - 9901

TARGET BANKNIFTY
Buy BankNifty Future above 10165 - 10255 - 10360 - 10535 SL - 10075
Sell BankNifty Future below 10065 - 9980 - 9805 - 9700 SL - 10115

INTRADAY TRADE
Reliance Industries: Buy above 840 for targets of 844, 850, 862 SL 829
Reliance Industries: Sell below 827 for targets of 823, 817, 805 SL 833
ErosMedia: Buy above 219 for targets of 223, 228 SL 212
Orchidchem: Buy above 193 for targets of 197, 204 SL 187

SCORE SHEET
Riil: Buy above 495 for targets of 501, 515 SL 486: Target 519.70 achieved
Enginersin: Buy above 256 for targets of 260, 267 SL 249: Target 587.60 achieved

POSITIONAL TRADE
StcIndia: Buy above 319 for target of 337 SL 310 (2-3 Days)
Sintex: Buy above 99 for target of 105 SL 95 (1 Week)

Thanks and Regards

S&P Wealth Creators