Market outlook for 09/02/12

Nifty closed up 33.00 points (0.62%) at 5368.15 while Nifty Future closed at 5388.50, premium of 20.35 points.
Bank Nifty closed down 4.50 points (0.04%) at 10320.10 while Future closed at 10341.40, premium of 21.30 points.

• FII bought in Cash (Net buy 384.24 Crore)
• FII sold in stock future, index option but bought in index future (Net sell 521.11 Crore)
• DII sold in Cash (Net sell 424.46 Crore)
• US market is trading flat to negative.
• Global cues are flat to negative.
• SGX nifty is flat as of now.
• Most Active Nifty Call Option: 5400 and 5500.
• Most Active Nifty Put Options: 5400 and 5300.
• Advance Decline for the day was 923:501.

NIFTY TECHNICAL

Current Spot: 5368.15
Pivot: 5363
5DEMA: 5323
10DEMA: 5255
20DEMA: 5139
50DEMA: 5020
RSI (14 days): 72.81
Parabolic SAR: 5292
Supports: 5330 - 5292 - 5258
Resistance: 5402 - 5435 - 5473
CAM Support: 5362 - 5355 - 5348 - 5329
CAM Resistance: 5375 - 5381 - 5388 - 5408
NF VIX Range: 5325 - 5452

Nifty Future VWAP: 5384.13
MP Values Nifty Future: VAH - 5424, POC - 5397, VAL - 5368

TARGET NIFTY
Buy Nifty Future above 5393 - 5425 - 5460 - 5505 SL - 5379
Sell Nifty Future below 5377 - 5350 - 5310 - 5270 SL - 5388

BANKNIFTY TECHNICAL

Current Spot: 10320.10
Pivot: 10310
5DEMA: 10205
10DEMA: 10009
20DEMA: 9662
50DEMA: 9259
RSI (14 days): 76.35
Parabolic SAR: 10083
Supports: 10218 - 10117 - 10025
Resistance: 10412 - 10503 - 10605
CAM Support: 10302 - 10285 - 10267 - 10214
CAM Resistance: 10338 - 10356 - 10373 - 10426
Bank Nifty VIX Range: 10154 - 10529

Bank Nifty Future VWAP: 10326.88
MP Values Bank Nifty Future: VAH - 10382, POC - 10320, VAL - 10258

TARGET BANKNIFTY
Buy BankNifty Future above 10349 - 10445 - 10555 - 10680 SL - 10318
Sell BankNifty Future below 10315 - 10225 - 10105 - 10000 SL - 10346

INTRADAY TRADE
Reliance Industries: Buy above 861 for targets of 865, 871, 883 SL 854
Reliance Industries: Sell below 852 for targets of 848, 842, 830 SL 858
Titan: Buy above 210 for targets of 212, 215 SL 206
Hindalco: Buy above 162 for targets of 164, 168 SL 158

SCORE SHEET
Niittech: Buy above 233 for targets of 237, 246 SL 225: Target 241.85 achieved
Advanta: Buy above 334 for targets of 340, 350 SL 329: Target 339.00 achieved

POSITIONAL TRADE
Relcapital: Buy above 409 for target of 434 SL 396 (2-3 Days)
Hmt: Buy above 50 for target of 55 SL 48.50 (1 Week)

Thanks and Regards

S&P Wealth Creators