Market outlook for 02/03/12

Nifty closed down 45.45 points (0.84%) at 5339.75 while Nifty Future closed at 5390.75, premium of 51.00 points.
Bank Nifty closed down 125.30 points (1.20%) at 10288.90 while Future closed at 10384.75, premium of 95.85 points.

• FII sold in Cash (Net sell 126.52 Crore)
• FII sold in index future, stock future but bought in index option (Net sell 566.16 Crore)
• DII sold in Cash (Net sell 9.97 Crore)
• Most Active Nifty Call Option: 5500 and 5600.
• Most Active Nifty Put Options: 5300 and 5200.
• Advance Decline for the day was 566:877.

NIFTY TECHNICAL

Current Spot: 5339.75
Pivot: 5337
5DEMA: 5378
10DEMA: 5401
20DEMA: 5363
50DEMA: 5195
RSI (14 days): 51.44
Parabolic SAR: 5553
Supports: 5301 - 5262 - 5226
Resistance: 5376 - 5412 - 5451
CAM Support: 5333 - 5326 - 5319 - 5299
CAM Resistance: 5347 - 5353 - 5360 - 5381
NF VIX Range: 5324 - 5458

Nifty Future VWAP: 5377.16
MP Values Nifty Future: VAH - 5403, POC - 5385, VAL - 5367

TARGET NIFTY
Buy Nifty Future above 5395 - 5429 - 5465 - 5510 SL - 5381
Sell Nifty Future below 5378 - 5350 - 5305 - 5270 SL - 5391

BANKNIFTY TECHNICAL

Current Spot: 10288.90
Pivot: 10278
5DEMA: 10412
10DEMA: 10486
20DEMA: 10370
50DEMA: 9829
RSI (14 days): 51.32
Parabolic SAR: 10895
Supports: 10171 - 10053 - 9946
Resistance: 10396 - 10503 - 10621
CAM Support: 10268 - 10248 - 10227 - 10165
CAM Resistance: 10310 - 10330 - 10351 - 10413
Bank Nifty VIX Range: 10168 - 10602

Bank Nifty Future VWAP: 10345.59
MP Values Bank Nifty Future: VAH - 10408, POC - 10358, VAL - 10308

TARGET BANKNIFTY
Buy BankNifty Future above 10393 - 10500 - 10620 - 10750 SL - 10369
Sell BankNifty Future below 10360 - 10262 - 10140 - 10030 SL - 10387

INTRADAY TRADE
Reliance Industries: Buy above 813 for targets of 817, 823, 835 SL 808
Reliance Industries: Sell below 806 for targets of 802, 797, 786 SL 812
Wockpharma: Buy above 522 for targets of 529, 538 SL 510
BankBaroda: Buy above 826 for targets of 831, 840 SL 817

SCORE SHEET
Hindcopper: Buy above 297 for targets of 302, 309 SL 290 : Target 309.50 achieved
Pantaloonr: Buy above 191 for targets of 194, 200 SL 184 : Call not activated

POSITIONAL TRADE
Maruti: Buy above 1320 for target of 1365 SL 1292 (2-3 Days)
IFCI: Buy above 46 for target of 50 SL 44.60 (1 Week)

Thanks and Regards

S&P Wealth Creators